How to Boost Retail Revenue with a Product Recommendation Engine
Both eCommerce and retail companies struggle to track changes in customers’ preferences and constantly update themselves to serve accurate recommendations. The solution to such a problem is the use of AI-driven product recommendation engines. Both retail and eCommerce businesses adopt ML-based personalized product recommendations to select items to be displayed across the web or social… Continue reading How to Boost Retail Revenue with a Product Recommendation Engine
7 Ways to Boost Retail Revenue using Voice of Customer Data
Voice of customer data is all audience feedback that is collected by an organization from its audiences via reviews, survey forms, and social media comments to realize brand reputation and sentiment. These insights can significantly impact marketing efforts, product roadmaps, and sales strategies. VoC (voice of customer) data offers retail businesses a clear analysis of… Continue reading 7 Ways to Boost Retail Revenue using Voice of Customer Data
Easy Ways to Increase Conversions with Behavioral Segmentation
According to Accenture’s report, today, 87% of businesses concur that traditional experiences won’t meet the demands and expectations of consumers. With the segmentation technology, it’s very easy to understand clients on a deeper level. It plays a key role in the success of marketing campaigns. Grouping audiences into smaller segments based on their interests, actions,… Continue reading Easy Ways to Increase Conversions with Behavioral Segmentation
The Benefits of Identity Resolution in Customer Engagement
Today’s marketers have to thread the needle between providing customers an experience that is both personalized, without overstepping into uncanny levels of insight. This means you need a fresh approach to provide a unified customer experience. Speaking in marketing terms, this means a “360-degree view” of the customer, as it underpins how your brand interacts… Continue reading The Benefits of Identity Resolution in Customer Engagement
How to Use Behavioral Analytics to Improve Customer Engagement
The biggest challenge for marketers is to achieve sustainable business growth despite high customer churn rates. While businesses are always interested in increasing the number of potential customers and converting them into paying customers for business growth, they have to strengthen their relationships with present customers to stay ahead of the competition. The main objective… Continue reading How to Use Behavioral Analytics to Improve Customer Engagement
Time Series Data: Analysis vs Forecasting
Time series analysis produces a series of information in a specific sequence, so it is not the same as other analyses. The added advantage of such analysis is that it takes responsibility for a smoother data-cleaning process in a business. Time series Analysis is an important and valuable source of information for a wide range… Continue reading Time Series Data: Analysis vs Forecasting
Customer Acquisition vs Customer Retention: Which One is More Important?
Businesses invest a lot in numerous customer acquisition and retention strategies to gain fresh customers and see stable financial growth. However, customer acquisition vs customer retention – which one is more important? This question is unjustifiable, as both are equally important to the growth and viability of an enterprise. Moreover, many companies spend more time… Continue reading Customer Acquisition vs Customer Retention: Which One is More Important?
New CDP buyers must first prioritize value they want: Data veteran Manoj Gupta
As part of our new series – Express Analytics Leadership Forum – we spoke to Manoj Gupta, well-known digital marketer and author of a book on the customer data platform, and asked him to share his experience of working with a CDP.
How to Create An Agile Personalized Customer Experience
How to Create An Agile Personalized Customer Experience In the digital age we live in, Customer Experience (CX) has become the key differentiator between a successful business and otherwise. Helping businesses in the process of providing a personalized customer experience is big data. Making your customers feel special and providing them a personal touch throughout… Continue reading How to Create An Agile Personalized Customer Experience