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Infinite Insight to Your Shoppers

Market Basket Analysis

Beer, Diapers and Predictive Models

Association rules, also known as “market basket” or “shopping cart” analysis, is a modeling technique that seeks to find relationships between purchases when many products are involved. In other words, if a customer buys a certain group of items, they’re more or less likely to buy another group of items at the same time or in the future.

This analysis can have a deep impact on product placement and inventory selection. But to do it right involves analyzing huge volumes of retail data and typically thousands and thousands of products. Handcrafted modeling approaches are too slow and valuable data – from point of sale (POS) to e-commerce transactions and website click paths – is often overlooked.  With InfiniteInsight™ Modeler, we’ve got you covered!

  • 150% ROI in a pilot deployment to build loyalty and increase spending of seasonal shoppers in 50 stores (Major U.S. hardware retailer)
  • Optimizing targeting for over 1.5 million customers (Otto UK)
  • Boosted modeling productivity by 700 (Major U.S. do-it-yourself retailer)

 

Success Stories

CRM Next Best Activity

Learn how to make every interaction the Next Best Action using best-in-class predictive analytics and business rules.