Customer Data Analytics- Revolutionizing Marketing and Customer Retention in Retail and e-commerce

The main aim of the study is to understand customer data analytics and its applications in marketing in retail and e-commerce sector. Retail and e-commerce companies have millions of customers. With completion everywhere and with the introduction of loyalty cards and discounts it has become extreme...

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Main Author: Shetty, Spurti Manjunath
Format: Dissertation (University of Nottingham only)
Language:English
Published: 2016
Subjects:
Online Access:https://eprints.nottingham.ac.uk/36915/
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author Shetty, Spurti Manjunath
author_facet Shetty, Spurti Manjunath
author_sort Shetty, Spurti Manjunath
building Nottingham Research Data Repository
collection Online Access
description The main aim of the study is to understand customer data analytics and its applications in marketing in retail and e-commerce sector. Retail and e-commerce companies have millions of customers. With completion everywhere and with the introduction of loyalty cards and discounts it has become extremely difficult to retain customers and manage them. The paper researches about the way companies have managed to retain customers and attracted new ones using customer data analytics and the various models for customer data analytics, data mining techniques and predictive analysis to run algorithms in order to get output in the form of information that can be used to make critical decisions. The study on the advantage card campaign boots shows how boots used the vast customer database to communicate with customers, engage them and retain them against all odds and challenges. It constantly updated its algorithms, analytical models and the way it targeted customers to succeed in what could be called one of the most popular advantage card story. The paper also discusses about the limitations of customer data analytics and recommendations to improve.
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spelling nottingham-369152017-10-12T14:11:21Z https://eprints.nottingham.ac.uk/36915/ Customer Data Analytics- Revolutionizing Marketing and Customer Retention in Retail and e-commerce Shetty, Spurti Manjunath The main aim of the study is to understand customer data analytics and its applications in marketing in retail and e-commerce sector. Retail and e-commerce companies have millions of customers. With completion everywhere and with the introduction of loyalty cards and discounts it has become extremely difficult to retain customers and manage them. The paper researches about the way companies have managed to retain customers and attracted new ones using customer data analytics and the various models for customer data analytics, data mining techniques and predictive analysis to run algorithms in order to get output in the form of information that can be used to make critical decisions. The study on the advantage card campaign boots shows how boots used the vast customer database to communicate with customers, engage them and retain them against all odds and challenges. It constantly updated its algorithms, analytical models and the way it targeted customers to succeed in what could be called one of the most popular advantage card story. The paper also discusses about the limitations of customer data analytics and recommendations to improve. 2016-09-15 Dissertation (University of Nottingham only) NonPeerReviewed application/pdf en https://eprints.nottingham.ac.uk/36915/1/Customer%20Data%20Analytics%20latest.docx Shetty, Spurti Manjunath (2016) Customer Data Analytics- Revolutionizing Marketing and Customer Retention in Retail and e-commerce. [Dissertation (University of Nottingham only)] Customer Data Analytics Data Mining Predictive Analysis Boots
spellingShingle Customer Data Analytics
Data Mining
Predictive Analysis
Boots
Shetty, Spurti Manjunath
Customer Data Analytics- Revolutionizing Marketing and Customer Retention in Retail and e-commerce
title Customer Data Analytics- Revolutionizing Marketing and Customer Retention in Retail and e-commerce
title_full Customer Data Analytics- Revolutionizing Marketing and Customer Retention in Retail and e-commerce
title_fullStr Customer Data Analytics- Revolutionizing Marketing and Customer Retention in Retail and e-commerce
title_full_unstemmed Customer Data Analytics- Revolutionizing Marketing and Customer Retention in Retail and e-commerce
title_short Customer Data Analytics- Revolutionizing Marketing and Customer Retention in Retail and e-commerce
title_sort customer data analytics- revolutionizing marketing and customer retention in retail and e-commerce
topic Customer Data Analytics
Data Mining
Predictive Analysis
Boots
url https://eprints.nottingham.ac.uk/36915/