Putting data to work to create seamless circular commerce [White Paper]

Top 15 Indian Big Data companies to watch out for in 2015
February 6, 2015
White House examines concerns over Big Data and price discrimination
February 9, 2015
The Crayon Blog

Putting data to work to create seamless circular commerce [White Paper]

Industry Articles | Published February 6, 2015  |   Tejeswini Kashyappan

How can retailers transform Big Data into uber-relevant oers that make a customer’s purchase activities highly predictable and increasingly profitable? It’s not by focusing on which channel initiated the shopping journey: Rather, today’s mobile-enabled customers’ unique tastes, influencers, likely behaviors and other personal and predictable factors ― not their bricks or clicks starting point ― must be at the heart of all customer-centric retailing.

While many continue to wrestle with managing Big Data, channel integration and how to translate channel activities into transactions, other more enlightened retailers have advanced to true customer-centric models. These retailers continually gain knowledge about customers’ preferences and behaviors; then use decision-science tools, many developed for the financial services, travel and hospitality industries, to distill Big Data into bite-sized slices, producing accurate retail predictions. Their customer-centered retail strategy provides clear-cut scientific answers to their once-perplexing business questions. It produces highly relevant and personalized oers that drive customer relationships, not just transactions ― all critical to transforming the commerce ecosystem to maximize long-term enterprise value.

Imagine being able to calculate what customers are likely to buy before they even inquire! Or to recommend products (including size, color, style and season) personalized for a customer’s upcoming vacation, business trip, favorite music venue or birthday shopping spree. Imagine the ability to draw on hours-new consumer data ― gathered across myriad customer-facing touch points ― that is condensed, then dissected to correctly segment, predict, localize, personalize, merchandise, pre-order, stock, cross-sell, up-sell and much more…..all without human intervention.
To read more, download this white paper.

Subscribe to the Crayon Blog. Get the latest posts in your inbox!

The Crayon Blog

Putting data to work to create seamless circular commerce [White Paper]

Industry Articles | Published February 6, 2015  |   Tejeswini Kashyappan

How can retailers transform Big Data into uber-relevant oers that make a customer’s purchase activities highly predictable and increasingly profitable? It’s not by focusing on which channel initiated the shopping journey: Rather, today’s mobile-enabled customers’ unique tastes, influencers, likely behaviors and other personal and predictable factors ― not their bricks or clicks starting point ― must be at the heart of all customer-centric retailing.

While many continue to wrestle with managing Big Data, channel integration and how to translate channel activities into transactions, other more enlightened retailers have advanced to true customer-centric models. These retailers continually gain knowledge about customers’ preferences and behaviors; then use decision-science tools, many developed for the financial services, travel and hospitality industries, to distill Big Data into bite-sized slices, producing accurate retail predictions. Their customer-centered retail strategy provides clear-cut scientific answers to their once-perplexing business questions. It produces highly relevant and personalized oers that drive customer relationships, not just transactions ― all critical to transforming the commerce ecosystem to maximize long-term enterprise value.

Imagine being able to calculate what customers are likely to buy before they even inquire! Or to recommend products (including size, color, style and season) personalized for a customer’s upcoming vacation, business trip, favorite music venue or birthday shopping spree. Imagine the ability to draw on hours-new consumer data ― gathered across myriad customer-facing touch points ― that is condensed, then dissected to correctly segment, predict, localize, personalize, merchandise, pre-order, stock, cross-sell, up-sell and much more…..all without human intervention.
To read more, download this white paper.

Subscribe to the Crayon Blog. Get the latest posts in your inbox!

The Crayon Blog

Putting data to work to create seamless circular commerce [White Paper]

Industry Articles | Published February 6, 2015  |   Tejeswini Kashyappan

How can retailers transform Big Data into uber-relevant oers that make a customer’s purchase activities highly predictable and increasingly profitable? It’s not by focusing on which channel initiated the shopping journey: Rather, today’s mobile-enabled customers’ unique tastes, influencers, likely behaviors and other personal and predictable factors ― not their bricks or clicks starting point ― must be at the heart of all customer-centric retailing.

While many continue to wrestle with managing Big Data, channel integration and how to translate channel activities into transactions, other more enlightened retailers have advanced to true customer-centric models. These retailers continually gain knowledge about customers’ preferences and behaviors; then use decision-science tools, many developed for the financial services, travel and hospitality industries, to distill Big Data into bite-sized slices, producing accurate retail predictions. Their customer-centered retail strategy provides clear-cut scientific answers to their once-perplexing business questions. It produces highly relevant and personalized oers that drive customer relationships, not just transactions ― all critical to transforming the commerce ecosystem to maximize long-term enterprise value.

Imagine being able to calculate what customers are likely to buy before they even inquire! Or to recommend products (including size, color, style and season) personalized for a customer’s upcoming vacation, business trip, favorite music venue or birthday shopping spree. Imagine the ability to draw on hours-new consumer data ― gathered across myriad customer-facing touch points ― that is condensed, then dissected to correctly segment, predict, localize, personalize, merchandise, pre-order, stock, cross-sell, up-sell and much more…..all without human intervention.
To read more, download this white paper.

Subscribe to the Crayon Blog. Get the latest posts in your inbox!

The Crayon Blog

Putting data to work to create seamless circular commerce [White Paper]

Industry Articles | Published February 6, 2015  |   Tejeswini Kashyappan

How can retailers transform Big Data into uber-relevant oers that make a customer’s purchase activities highly predictable and increasingly profitable? It’s not by focusing on which channel initiated the shopping journey: Rather, today’s mobile-enabled customers’ unique tastes, influencers, likely behaviors and other personal and predictable factors ― not their bricks or clicks starting point ― must be at the heart of all customer-centric retailing.

While many continue to wrestle with managing Big Data, channel integration and how to translate channel activities into transactions, other more enlightened retailers have advanced to true customer-centric models. These retailers continually gain knowledge about customers’ preferences and behaviors; then use decision-science tools, many developed for the financial services, travel and hospitality industries, to distill Big Data into bite-sized slices, producing accurate retail predictions. Their customer-centered retail strategy provides clear-cut scientific answers to their once-perplexing business questions. It produces highly relevant and personalized oers that drive customer relationships, not just transactions ― all critical to transforming the commerce ecosystem to maximize long-term enterprise value.

Imagine being able to calculate what customers are likely to buy before they even inquire! Or to recommend products (including size, color, style and season) personalized for a customer’s upcoming vacation, business trip, favorite music venue or birthday shopping spree. Imagine the ability to draw on hours-new consumer data ― gathered across myriad customer-facing touch points ― that is condensed, then dissected to correctly segment, predict, localize, personalize, merchandise, pre-order, stock, cross-sell, up-sell and much more…..all without human intervention.
To read more, download this white paper.

Subscribe to the Crayon Blog. Get the latest posts in your inbox!