Predictive analytics for retail and supply chain

Data Driven Decision Support

PredictRetail uses data science to optimise and automate supply chain processes, in order to solve a business problem more efficiently and effectively.
With machine learning at its core, PredictRetail is a collection of programs able to reprogram themselves based on hidden trends in data, without human intervention.Modern retail and supply chain operations are powered by a variety of software and IT solutions, producing large volumes of raw data. Converting this raw data into business value and improved customer experiences requires specialist skills and an understanding of the retail domain and business processes.

Use Cases and Benefits

Business analytics lifecycle is an iterative process of learning and continuous improvements.
We work together with your team, to define key business goals and KPIs, and help you to achieve them using data science and predictive modeling.
Clear business goals and measurements are the cornerstones of a successful data project.

DEMAND FORECASTING

Effective inventory planning

Understand and predict customer demand to optimize supply decisions

RECOMMENDATION ENGINES

Identify sales opportunities

Increase repeat sales and loyalty. Determine products or services most likely to trigger intent

MARKET BASKET ANALYSIS

Up-sell, cross-sell and optimise placement

Increase basket size and maximise customer value

CUSTOMER, STORE AND PRODUCT SEGMENTATION

Improve marketing focus

Improve marketing spend and Return On Investment (ROI). Create tailored marketing actions for each segment

PROPENSITY MODELING

Identify most suitable customers

Focus on most suitable audiences, prevent churn and build loyalty

CUSTOMER LIFETIME VALUE ANALYSIS

Identify most valuable customers

Increase customer retention, response, conversation and revenue rate

IMAGE AND VIDEO RECOGNITION

Visual searching, tagging and labelling

Marketing automation platform, customised using machine learning and data science

CHURN ANALYTICS

Identify and minimise churn

Predict and reduce customer churn

PRICING ANALYTICS

Maximise margins and profits

Respond quicker to competition and determine your pricing “sweet spot”

SENTIMENT ANALYSIS

Improve brand sentiment

BuildĀ a positive social media sentiment towards your brand

MACHINE LEARNING Model Development

The data modeling process goes through multiple phases. Each phase refines the data further to ensure data is clean and well structured. Given that data is the fuel that powers machine learning and predictive modeling, you could say that data quality is the most important ingredient in any advanced analytics project. Data must be cleaned, merged and preprocessed, relevant features extracted and/or created. Only then the process of training and evaluating models can begin.

Once the model is evaluated and deployed, applications and business processes are connected to begin extracting value. The value extraction process typically generates new sources of data, which is fed back into the model to improve the efficiency and accuracy on an ongoing basis.

Our development and integration teams will plug the models into your existing systems and business processes to minimise change management.
Or alternatively, we will deploy application such as Mautic to give your teams the power to action the insights and convert it into tangible business value.

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