It’s hard to imagine a crucial aspect of business that’s been more disrupted, unpredictable, and volatile over the last few years than supply chains. As a result of worker shortages, geopolitical issues, manufacturing shutdowns, unstable fuel prices, and myriad other factors, supply chains across almost all industries were unable to make on-time deliveries and…
How can your business stay competitive in retail? Pricing analytics is a valuable tool to help optimize pricing strategies to maximize revenue and profits. By using advanced analytics to inform pricing decisions, retailers can make more informed, data driven decisions based on customer behavior and market conditions. Data, including internal data such as customer…
Predictive analytics is a powerful tool to help use supply chain data to make more informed decisions about the future. This might involve analyzing data about inventory, order fulfillment, delivery times, manufacturing equipment and processes, suppliers, customers, and other factors that impact your supply chain. Predictive analytics can help you deal with some of…
Today’s customers expect a timely, relevant, and personalized experience across every interaction. They have high expectations for when and how companies engage with them—meaning customers want communications on their terms, through their preferred channels, and with personalized, relevant offers. With the right data and analytics capabilities, organizations can deliver an engaging and tailored customer…
Market basket analysis, also referred to as affinity analysis, uses machine learning to increase sales by analyzing customer purchasing patterns. You can use market basket analysis for analyzing large data sets, such as purchase history, to reveal products and product groups, that customers are likely to purchase together. Market basket analysis is a very valuable…
All customers are not equal – there are some your business just can’t afford to lose. Do you know who they are and what is required to retain them? With predictive analytics powered by Actian Actian, you can do just that. Companies have been using statistical modeling, data correlation and behavioral forecasting for many…
