data science in e-commerce businesses

5 Ways to use Data Science to increase eCommerce sales

[{"selector":"#anim-8d3181a0-bdd3-4d84-bd2a-f98970ad0745","keyframes":{"transform":["translate3d(0px, -160.23392%, 0)","translate3d(0px, 0px, 0)"]},"delay":200,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-26639892-abfa-493f-9c33-9b7df6cd8d97","keyframes":{"transform":["translate3d(0px, -160.23392%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-781c3feb-54f8-4e31-92ae-3cda9a17e7d5","keyframes":{"transform":["translate3d(-113.7931%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":300,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Recommendation Systems Complex machine learning algorithms analyze the past purchase behavior data of the customers and provide recommendations, helping to increase sales Complex machine learning algorithms analyze the past purchase behavior data of the customers and provide recommendations, helping to increase sales

[{"selector":"#anim-aeb9d500-0f0f-4550-9425-c4164688bfdb","keyframes":{"transform":["translate3d(0px, -193.80693%, 0)","translate3d(0px, 0px, 0)"]},"delay":200,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-154843bc-2baa-415a-8485-a49492bdf6a5","keyframes":{"transform":["translate3d(-115.3605%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":300,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Optimal Pricing Optimal Pricing Compute optimal prices using data about customer behavior, conversion rates, competitor pricing, seasonality, etc. Compute optimal prices using data about customer behavior, conversion rates, competitor pricing, seasonality, etc.

[{"selector":"#anim-243f0366-6e55-4cf0-a1dc-7bc1683f6491","keyframes":{"transform":["translate3d(0px, -151.55154%, 0)","translate3d(0px, 0px, 0)"]},"delay":200,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-2ac8978d-5e23-4149-8532-31e0eed1cda6","keyframes":{"transform":["translate3d(-130.62499%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":300,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Demand Forecasting Demand Forecasting Forecast the sales of the product, thereby managing your inventory and cash flow Forecast the sales of the product, thereby managing your inventory and cash flow

[{"selector":"#anim-30292cb7-775b-444b-a487-48c1e275ccc2","keyframes":{"transform":["translate3d(0px, -150.19494%, 0)","translate3d(0px, 0px, 0)"]},"delay":200,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-716fdcc3-b60f-4e0b-b18a-32a4aa785d79","keyframes":{"transform":["translate3d(-228.75%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":300,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Market Basket Analysis Market Basket Analysis Analyze and predict what a customer is most likely to buy along with a product in the cart Analyze and predict what a customer is most likely to buy along with a product in the cart

[{"selector":"#anim-53ba3158-5f3f-4f5a-ad49-cd09c02a43f7","keyframes":{"transform":["translate3d(0px, -151.55154%, 0)","translate3d(0px, 0px, 0)"]},"delay":200,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-90c0040e-8a9f-4b2a-b9da-fd2515ea40f8","keyframes":{"transform":["translate3d(-119.19192%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":300,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Customer Lifetime Value Customer Lifetime Value Predict most valuable customers based on their spends and average life span, and devise growth strategies for the business Predict most valuable customers based on their spends and average life span, and devise growth strategies for the business

[{"selector":"#anim-81c3bbc4-bc77-4cf6-8a9e-1aca0b51726d","keyframes":{"opacity":[0,1]},"delay":200,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] Learn to apply these techniques in your business with the 6-month PG Program in Data Science and Business Analytics Learn to apply these techniques in your business with the 6-month PG Program in Data Science and Business Analytics

[{"selector":"#anim-aa7dfe41-0a50-44a4-a565-424a7a0c6167","keyframes":{"opacity":[0,1]},"delay":200,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] Curriculum designed by the world-class faculty of McCombs School of Business, University of Texas at Austin Curriculum designed by the world-class faculty of McCombs School of Business, University of Texas at Austin

[{"selector":"#anim-140240c5-e282-4502-be73-b49330c85020","keyframes":{"opacity":[0,1]},"delay":200,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] Weekly LIVE interactive mentorship sessions by industry experts in micro-classes

[{"selector":"#anim-15b306de-e66e-4a33-8918-3739ce31b29c","keyframes":{"opacity":[0,1]},"delay":300,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-9cf65315-0b80-4ffe-949e-4cfb36726d78","keyframes":{"opacity":[0,1]},"delay":500,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] Hands-on learning with 8+ real world projects Hands-on learning with 8+ real world projects and a dedicated Program Manager ensures that you stay on track and motivated and a dedicated Program Manager ensures that you stay on track and motivated