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Introducing BigAI Predictive Analytics for Customer Lifetime Value and Inventory Management
Introducing BigAI Predictive Analytics for Customer Lifetime Value and Inventory Management
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The adoption of artificial intelligence (AI) in business is increasing year-over-year, as a growing number of companies are turning to this technology to predict customer needs and shopping habits, and to build loyal customer relationships while growing their business.
With these strong benefits in mind, BigCommerce introduces BigAI Predictive Analytics for Customer Lifetime Value and Inventory Management, enabling you to leverage the power of AI predictive modeling with no coding experience needed.
Harness the power of AI Predictive Analytics
With BigAI Predictive Analytics for Customer Lifetime Value, you can predict the upcoming 12 months of revenue from customers who have an order history of 6 months. With this forecast, you can tailor your marketing, advertising, and promotional campaigns to targeted customer groups, further refine pricing strategies, and determine what avenues to take for the growth of your business based on past performance trends.
Our BigAI Predictive Analytics for Inventory Management solution allows you to predict your inventory needs for the next 90 days. This is a powerful tool that can help you reduce the risk of overstocking or understocking, reduce waste and storage costs, and improve efficiency and product availability to boost customer satisfaction with your brand.
Getting started with BigAI Predictive Analytics solutions
Before you can begin using BigAI Predictive Analytics solutions, you will need to have our Google BigQuery integration set up for your store, as these tools are code-based by nature and they are dependent on BigQuery to make predictions.
Note that by default, only the Store Owner has access to the BigQuery integration. You can give access to other users by granting them the Manage Data Warehouses permission.
Visit our Help Center for more information and instructions on how to set up and apply our BigAI Predictive Analytics for Customer Lifetime Value and Inventory Management solutions.
The final word
Building trust and customer satisfaction is crucial in growing your brand and expanding your business. By leveraging the power of AI, you can identify that you are providing the products and services your customers want when they need them, and you can implement more refined, strategic marketing campaigns based on your customers’ revenue and shopping habits.Take advantage of our new AI solutions and unlock the power of predictive analytics on your store today!
