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Tagged Posts: predictive analytics

Why Predictive Data Analytics Will Drive The Supply Chain Of The Future
  • August 23, 2023

Why Predictive Data Analytics Will Drive the Supply Chain of the Future

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…

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Does Using Data Analytics Improve Price Points In Retail?
  • August 8, 2023

Does Using Data Analytics Improve Price Points in Retail?

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…

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6 Steps To Leveraging Supply Chain Data To Inform Predictive Analytics
  • June 13, 2023

6 Steps to Leveraging Supply Chain Data to Inform Predictive Analytics

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…

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7 Steps To Leveraging Segment Analysis And Predictive Analytics To Improve CX
  • April 4, 2023

7 Steps to Leveraging Segment Analysis and Predictive Analytics to Improve CX

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…

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7 Ways Market Basket Analysis Can Make You More Money
  • February 14, 2023

7 Ways Market Basket Analysis Can Make You More Money

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…

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Predictive Analytics Can Reduce Customer Churn And Optimize Marketing Efforts
  • September 17, 2020

Predictive Analytics can Reduce Customer Churn and Optimize Marketing Efforts

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…

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