AI. Next Purchase Forecasting
Use artificial intelligence to improve your cross-selling
Sell 2% to 6% more complements.
Increase your sales turnover by up to 7%.
Diminish the loss of profit by up to 3%
Platform: Azure Machine Learning
You need to
Forecast the probability of a purchase
Create smart «Buy One, Get One Free» lists of goods
Predict and generate the demand for major and minor goods
Minimize out-of-stock for the most demanded goods
Plan the production/purchasing of goods accurately
Improve the efficiency of marketing campaigns
The machine learning methods enable you to develop a predictive model based on the current customers' transaction history.
Developing customer behaviour patterns
Next Purchase Forecasting solution enables you to discover customer behaviour patterns based on your interactions with the current customers. Therefore, you will be able to predict with much greater accuracy what they're going to buy next.
Creating the list of the most demanded goods
The solution allows you to create lists of the most demanded goods and helps you procure those goods in a timely manner.
Templates for a wide range of tasks
Supports any modern methods of big data processing
Fail-safety in case of a heavy workload
Scalable set of algorithms