Know the behavior of your customers before they do - with an innovative AI solution
The business of the 21st century.
Data. Data are the key to e-commerce history, present, and future interpretation. Business intelligence is helping companies with better decision-making interpreting historical and present data within respective business contexts. In essence, it allows business owners and managers to throw away guesses and use statistical data to track operation performance, general health of the business, run operations more effectively, and make strategic decisions.
But how about the future of customers' behavior?
If you want to know the history and present data interpretation, the answer is BI (Bussiness Intelligence). On the other hand, if you want to know what will happen in the upcoming period, the answer is AI (Artificial Intelligence).
Business Intelligence is easy to read and understand industry-specific KPIs (key performance indicators). Therefore, it is a must for any e-commerce owner. In addition, E-commerce business intelligence should allow you to get insights on all elements of e-commerce, including:
- Top customer and product performers
- Trending product groups, products, and variants analysis
- Marketing, sales, and inventory reports
- Trend analysis and margin
Predictive software with Artificial Intelligence
For the past several years, the best-performing companies doing data driven decisions and activities. There's nothing wrong with that, but it is based only on historical data. What if something can predict customers' behavior before they do? Predictive analytics with AI is the key answer. Artificial intelligence can help to identify trends in future consumption and customer behavior. It ultimately saves costs and increases revenue with better inventory planning and customer retention, and upsell rates with personalized campaigns and product recommendations.
So, where can AI help e-commerce managers and owners?
- Sales and demand forecasting
- Personalized product recommendations
- Late payment predictions
- Discounts and pricing recommendation
iERP.ai brings the solution tailored for the e-commerce sector
Our product Nostradamus.cloud is a Business intelligence & AI prediction platform for e-commerce stores. The main objective is to allow business owners and managers to understand how business is performing with easy-to-read BI and review how it will perform in the future with an automated non-supervised machine learning engine. So what are e-commerce business owners going to get with Nostradamus.cloud?
- Easy to understand analytics with bird's eye view into "Sales & Financials," "Operations including stock management &. returns", "Product," and "Customers" in beautiful dashboards.
- Award-winning AI sales predictions providing access to this incredible algorithm that would event automatically configure! So you can sip your coffee and enjoy precise predictions used by Fortune 500 FMCG company, a retail chain with 2000 stores and many more happy customers.
We will be happy to provide you with more information and details, so stop by our stand.
Dusan Korcak – COO & Co-founder of iERP.ai – Business Prediction Platform