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How to Choose a Data Science and AI Consulting Company

Altexsoft

An expert talking about the capabilities of predictive analytics for business on a morning TV show is far from unusual. Due to a surfeit of information about AI and big data on the Internet, companies can assume that data analysis is the solution for most of their data-related issues. Amazon and Netflix recommendation systems).

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How Retailers Use Artificial Intelligence to Innovate Customer Experience and Enhance Operations

Altexsoft

In 2017, global eCommerce sales accounted for 10.2 Revenue from eCommerce sales is expected to grow to 4.88 eCommerce share of total retail sales worldwide from 2015 to 2021. Being online almost 24/7, consumers prefer saving time and shop online when possible. percent of all retail sales (2.3 trillion US dollars).

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eCommerce Shipping: Main Challenges and Technological Solutions

Altexsoft

But why exactly is eCommerce shipping so important? All these statistics clearly demonstrate that to ensure customer satisfaction, improve retention, and increase online sales, eCommerce companies should focus their efforts on streamlining the checkout and delivery process. eCommerce shipping models. Let’s look at some numbers.

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Dynamic Pricing Explained: Use in Revenue Management and Pricing Optimization

Altexsoft

It’s commonly applied in various industries, for instance, travel and hospitality, transportation, eCommerce, electricity retailing, entertainment. How would you price tickets not only to cover expenses for each route but also to achieve a certain level of revenue to be able to grow and develop your business? Pricing automation.

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Supply Chain Analytics: Opportunities in Data Analysis and Business Intelligence

Altexsoft

These challenges can be addressed by intelligent management supported by data analytics and business intelligence (BI) that allow for getting insights from available data and making data-informed decisions to support company development. Optimization opportunities offered by analytics. Analytics in planning and demand forecasting.

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Order Management Software (OMS): Streamlining Sales and Fulfillment

Altexsoft

So if you look at the digital systems that automate order management and inventory management, you’ll see that their functionality is very similar. Any business wants its customers to be happy and stay loyal to the brand. Order management is a set of activities related to processing customer orders in goods-based companies.

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Sentiment Analysis: Types, Tools, and Use Cases

Altexsoft

Whether you want to treat yourself to new sneakers, a laptop, or an overseas tour, processing an order without checking out similar products or offers and reading reviews doesn’t make much sense any more. According to a survey by Podium , 93 percent of consumers say that online reviews influence their buying decisions.