Another episode of our Next level E-commerce: 7 Hacks in 15 minutes is now available for you to see – we hope you enjoy and if you have any questions or would like to discuss how some of these hacks can work for you, feel free to reach out to Kasper Henriksen – kh@helloretail.com
With the power of data analysis, businesses gain insights into discount distribution across various product types.
Recurring products, simply put, refer to items customers purchase more than once in a certain interval of time. These gems hold more value than meets the eye, as their value can grow with the number of times they are repurchased by the same customer. This is, however, only a potential that can be fulfilled by taking the right action at the right time.
The opportunities presented by Product Intelligence enable us to learn about buying behavior throughout the day from a product perspective. By analyzing vast amounts of data about products, we gain insights into Hourly Distribution of product category sales, independently of user behavior.
Product Clusters are a key element of our predictive system Product Intelligence. Instead of dealing with individual product data, we create groups of product variations. Our specialized AI system uses advanced grouping methods to find patterns and connections among a wide variety of retail products.
