Start thinking about the brands you love most. Think Netflix (and Dove), Spotify, or Airbnb. You probably came up with a brand like these — they’re instantly recognizable, they have huge footprints, and they have a lot of brand equity.
Read more ...As a retail business owner, you want to create products that help people and businesses grow. You want to provide products that are innovative and useful, of top quality and affordable so your customers will come back. But the real problem is that there are thousands of online retailers, who all appear to be competing vigorously against your own business. So how do you differentiate yourself from the others and emerge victorious? Uncovering the most important business intelligence opportunities is the focus of this strategy. This involves tracking end-to-end processes, collecting as much data as possible, and then processing it to produce the most insightful information. For example, BI can track how customers interact with your stores, & this information can be used to enhance customers’ shopping experience making them your loyal customer & generating a series of repeat purchases which boost your revenue – the golden bird which we all eye. With the help of Successful BI Strategy, retailers can make smart, efficient decisions allowing businesses to quickly alter prices or change merchandise offerings.
Read more ...The book begins with an overview of decision trees and discusses how decision trees are related to other concepts such as decision theory, optimization, and statistical inference. The author then explores the use of decision trees in data mining tasks and describes how these techniques complement and supplement other business intelligence applications, such as dimensional cubes (also called OLAP cubes) and data mining approaches, such as regression, cluster analysis, and neural networks. The author then demonstrates how decision trees can be used to solve real-business problems by applying them to scenarios in manufacturing, sales forecasting, CRM applications and marketing analytics.
Read more ...Digital marketing is a combination of different strategies that help companies offer their products & services to the target audience. While traditional marketing still holds its place by billboards, distributing handouts, promoting on television and newspaper, etc., the digital marketing has opened-up new gates to market the products and services quicker, reaching out to vast customer base, and providing measurable insights of the marketing campaign.
Read more ...Maybe you’ve been frustrated by the process of creating multiple color swatches of an item, or scouring through endless data sets to find what exactly is causing a decline in your sales. Well, as an innovative business mind, you are not alone! Imagine saying goodbye to this tedious task and instead using that time for something more strategic and useful. AI can help you accomplish your strategic goals faster and with fewer errors while freeing you to focus on being truly strategic in your work. Even at its most powerful, AI doesn't replace human intelligence; rather, it helps people do what they love better and faster while opening the door to new and exciting ways to experiment, test, and learn from customers to create dramatically improved experiences.
Read more ...In today’s digital world, there is no longer a need to be anonymous. With increasing prominence of internet in our daily life and with the rapid development of technology, privacy has lost their importance. We have become so dependent on technological gadgets that we don't even think about the concept of privacy for any critical or personal information. There are some risks to e-commerce, but there are risks to in-store shopping as well. Driving to a brick-and-mortar store puts a driver at risk for an accident. Swiping a credit card during checkout places a shopper at risk for credit-card skimming. No matter the venue, there will always be risk. As the e-commerce world continues to gain momentum and evolve, shoppers should keep several key security suggestions in mind.
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