How Can Data Science Help In Retail/eCommerce?
Updated: Sep 23, 2020
eCommerce has taken off. Leverage your data to give yourself a competitive advantage. There are a few things we'd recommend:
Recommendations for Cross-Selling / Bundeling
Finding customers is hard. Keeping them is even harder. Customers switching from one company to another is called churn. With this churn, some businesses offer a retention promotion. Data science can help us define that promotion, as well as decide who it is extended to.
Your customer will change behaviors, and if you look closely, you'll be able to see them changing. If you're really looking, you might know your customer is pregnant, even before the grandparents.