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PS Dhillon's Blog (3)

Machine Learning for Transactional Analytics: Customer Life time Value v/s Acquisition Cost

Understanding customer transactional behaviour pays well for any business. With the tsunami of start ups in recent times and the immense money flow in businesses, customers find lucrative offers from companies for acquisition, retention & referrals strategies. Understanding transactional behaviour of a customer has become even more complex with the invent of new business houses everyday. Although, with the rise of powerful machines, one can…

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Added by PS Dhillon on January 28, 2019 at 4:00am — No Comments

Machine learning: A solution to backorder problem and inventory optimisation

For any business, the worst scenario is getting out of product inventory when customers are ready to buy your product. Keeping a stock of every item in the store is another burden to carry for every business. This trade off has been even more problematic in current times, when manufacturing firms are flooding with SKUs (Stock Keeping Unit) ranging from product sizes, flavours, styles etc. To cater personalised demand companies are customising…

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Added by PS Dhillon on August 30, 2018 at 3:35am — No Comments

Use cases of Machine Learning for E-commerce enterprises

Machine learning is one of the most searched keyword on any search engine at this point of time. The reason is quite clear; the benefits of utilising it in any industry is beyond imagination. Machine learning is making computers learn from data to find patterns & generate business insights. In e-commerce, machine learning is even far more relevant because of digitally generated user-specific data points. Daily, we read so much about big companies using machine learning in their business…

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Added by PS Dhillon on July 4, 2018 at 5:00am — No Comments

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