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Advertisement : Companies using Big Data
Subcategory : Business Services
Description : Companies using Big Data

When running a big data analytics company, you have to utilize the data presented so you can thrive against the competition.

Not all companies use real-time analysis. The reasons are different: insufficient funds, the lack of expertise, the management teamís reluctance, and fear of the associated challenges. However, reputable companies like Famoid who use real-time analytics will gain a competitive advantage.

Letís say youíre a fashion retailer who wants to provide high-quality customer service. Analyzing big data can help bring this vision to life. For instance, once a customer passes through a retailerís store, they will get a notification on their smartphone that incentivizes them to enter.

Once the customer is in the store, the staff will receive a notification on their apps. This makes them aware of the customerís style preferences, latest purchases, interest in promotions. Looks like a win-win situation for retailers and customers, doesnít it?

Eccomerce retailers can receive better performance by analyzing data in real time. For example, it can reduce the number of abandoned carts. For instance, letís say a customer has gone that far, but have not completed the purchase for some reason.

Still, itís a good chance to incentivize your customerís ad change their mind. The system turns to the customerís profile data and their surfing and purchasing history to compare the customerís behavior with the actions of customers from the same segment and their responses to a similar situation. Based on their analysis, the system creates the most possible solution ó for instance, create a discount.

Posted by : Sonali
Date of Posted : 2019-10-23
Expire Date : 2019-10-23
Email : so.8826035311@gmail.com
Phone : 8368798873
City : Noida
Country : India
 
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