Leveraging AI to Revolutionize Subscription Business Models

This article explores the transformative impact of Artificial Intelligence (AI) on subscription-based business models across various industries. It examines how AI is revolutionizing key aspects of subscription services, including personalization, customer retention, pricing strategies, customer support, operational efficiency, and fraud detection. The article highlights specific AI applications such as content recommendations, dynamic user interfaces, churn prediction, advanced customer segmentation, dynamic and usage-based pricing, AI-powered chatbots, and sentiment analysis. Additionally, it discusses how AI enhances operational efficiency through automated billing and inventory management, and improves security via anomaly detection and behavioral biometrics. Case studies of Adobe Creative Cloud and Amazon Web Services (AWS) are presented to illustrate real-world applications of AI in subscription services. The article concludes by emphasizing the paradigm shift AI represents in customer engagement, operational optimization, and revenue generation for subscription businesses, forecasting continued innovation and opportunities in this rapidly evolving sector.

Authors

Publication Details

Journal
International Journal of Scientific Research in Computer Science Engineering and Information Technology
Published
2024-10-17
DOI
https://doi.org/10.32628/cseit241051052
Citations
3
Primary Topic
Customer churn and segmentation
Type
article
Field-Weighted Citation Impact
1.32
Controls
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article

Leveraging AI to Revolutionize Subscription Business Models

Kiran Nagubandi
3 citations
International Journal of Scientific Research in Computer Science Engineering and Information Technology
Customer churn and segmentation
1.32
article

Leveraging AI to Revolutionize Subscription Business Models

Kiran Nagubandi
article en
3 citations

Abstract

This article explores the transformative impact of Artificial Intelligence (AI) on subscription-based business models across various industries. It examines how AI is revolutionizing key aspects of subscription services, including personalization, customer retention, pricing strategies, customer support, operational efficiency, and fraud detection. The article highlights specific AI applications such as content recommendations, dynamic user interfaces, churn prediction, advanced customer segmentation, dynamic and usage-based pricing, AI-powered chatbots, and sentiment analysis. Additionally, it discusses how AI enhances operational efficiency through automated billing and inventory management, and improves security via anomaly detection and behavioral biometrics. Case studies of Adobe Creative Cloud and Amazon Web Services (AWS) are presented to illustrate real-world applications of AI in subscription services. The article concludes by emphasizing the paradigm shift AI represents in customer engagement, operational optimization, and revenue generation for subscription businesses, forecasting continued innovation and opportunities in this rapidly evolving sector.

International Journal of Scientific Research in Computer Science Engineering and Information TechnologyVol. 10(5)
Industry, innovation and infrastructure
Openalex Percentile: Top 15%
Customer churn and segmentation
1.32
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