Data Science for Retail

Leverage data to transform the way you sell, interact with customers, and manage your business. There’s a tremendous opportunity to maximize profits at every stage of the value chain, from optimizing pricing to more closely aligning supply and demand.

Three Ways Data Science Helps Retailers Make the Sale

Drive Revenue
  • Mine the customer journey for deep insights 
  • Make loyalty programs more effective by predicting uptake
  • Optimize product mix and pricing with algorithm-driven decisions
  • Conduct market basket analysis to find powerful product combinations
  • Boost campaigns with more precise targeted offers
Cut Costs
  • Enhance merchandise planning by phasing out unprofitable offerings
  • Optimize supply chains and eliminate stock outs without additional inventory
  • Forecast successful store sites and optimize in-store demand and staffing
Manage Risk
  • Identify patterns that enable immediate detection of fraud
  • Inject customer voices into decision-making
  • Enhance product quality assurance programs 
  • Find and retain the right staff by predicting successful candidates

Digitally Transform Customer Journeys from End-to-End

Retailers around the world are faced with constantly changing consumer buying patterns, inventory challenges, and competition for their customers’ attention.

Data-driven companies have used Idell Trade to make more informed decisions throughout their business—across everything from understanding buying behaviors and boosting long-term loyalty to price setting and demand forecasting. Understand and cater to your customers’ dynamic needs while optimizing day-to-day operations for maximum profits.

idell trade|CPG, Retail & eCommerce
Excellent Interface And Easy Model Generation Thanks To Automodel
Data Analyst
Read More
"The goal of the use case was to analyze POS data and detect fraud. We wanted an easy way to load the data from the Server and write calculated identifiers back. The analysis of the data was easy and fast thanks to the very successfully create interface in Idell Trade. Automodell made it quick and easy to extend analyze to other areas of applications. The exellent results speak for themselves, so we have been very satisfied with our cooperation with Idell Trade for a long time. The support is remarkable and leaves nothing to be desired.
Best Data Science And Machine Learning Solution
Senior Software Engineer
Read More
Overall, I had a positive experience with Idell Trade. It is a unified platform where I can judge my data overall and we can easily decide where we need improvements and what is working well. Due to its machine learning, I am confident about my decision that keeps my brand standing out in a competitive world. I found features of Idell Trade to be extremely useful from data preparation to data analysis as an experienced user of data mining projects utilizing open programming languages, developing predictive models, and placing them in a visually appealing presentation.
Automated Machine Learning
Senior Software Engineer
Read More
Idell Trade Studio is a awesome visual workflow designer. The way they present visually is so unique. It helps in speeding and automating the creation of visual models. With the help of it we are able to create point + click connection to database enterprises. It helps in creating models in only 5 clicks by automated machine learning due to which we were able to do our work fast.
Smart Tool Related To Machine Learning And Data Science.
Corporate Communications Manager
Read More
Idell Trade Studio helps us evaluate and communicate our concepts in a simple and understandable way, and also expedites our data-driven transformations. As an outcome of all this, our information collection, model confirmation, data augmentation, and visualization methods have all changed considerably. This has completely changed the approach we handle our database schemas, how we achieve success and make long-term plans, and how we make decisions. We've deployed Studio throughout our whole business since it's applicable for each and every use case, sparing us a tremendous quantity of effort and resources.

AI for Retail—Why Now?

No industry has weathered change in recent years as much as retail, eCommerce, and consumer goods. Luckily, you can lean on data science to simplify strategic decisions and pave a clearer way forward. That means everything from identifying your most profitable customers to accurately segmenting and targeting them with personalized and relevant messages and offers.

Social media, in particular, is a treasure trove of customer insight, both at the individual level—where brand advocates and detractors can be addressed one-on-one—and as a resource to understand broader sentiment toward brands and products.

idell trade|CPG, Retail & eCommerce

Data Science for Retail

Capitalize on new opportunities—from improving decision-making to gaining & retaining the right customers. Request a free AI Assessment to determine the feasibility and business impact of the your high-priority use cases.