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Retail

Retail

Use cases For Retail Use cases For Retail
Next Best Offer Identify customer with highest spending potential and target them with suitable offers to increase their overall spen
Early Warning Indicator Identify high risk customer at onset of default for proactive intervention
Promo Analytics Optimize promo strategy to determine best timing, product group andoptimal tactic to maximize profitability
Advanced Forecasting Implementing TSF to forecast budgets for businesses
Market Basket Analysis Identify ideal product combinations in order to encourage cross-sell andupsell opportunities; increasing average spend/customer
Customer Churn Implementing TSF to forecast budgets for businesses
New Customer Acquisition Acquire new customers for Finance from other BU customer base, through targeted marketing
Increase Customer Spend Increase spends per customer through targeted marketing offers