Anyone who knows when a customer wants to switch to another provider can take countermeasures in good time. At this point, a churn prediction model helps to prevent customer churn and to ensure customer loyalty as the primary goals of a sustainable business strategy. Read More
The number of companies in the market is large – but only a few of them need the attention of your products. For which customers is which product relevant? Target Group Prediction uses a scoring model to calculate the probability of winning a particular company as a new customer. The software developed by Dastani Consulting is based on an algorithm that is designed for Big Data and analyzes the keywords on company websites. Read More
On 07.06.2019 our managing director Dr. Parsis Dastani met Dr. Matthias Huckemann, the managing director of Mercuri International Deutschland GmbH based in Meerbusch, in an expert interview. Managing Director Dr. Matthias Huckemann spoke about current trend developments and the use of artificial intelligence (AI) in sales. Read More
Postcards & Co. have been part of the marketing mix for a long time. Nowadays, AI technologies are used much more frequently because they enable more targeted marketing and interact directly with the customer through personalized addressing. So why not a combination of classic postal dispatch and future-oriented artificial intelligence? Read More
In the last part of our pricing series, you read about the added value that the use of Artificial Intelligence can deliver to merchants in the context of pricing. With the right application, online merchants can achieve significantly higher profits with minimal price increases. In the following article you will read how merchants can use Next-Best-Offer to learn about their customers’ spending habits and intensify customer loyalty over the long term in order to differentiate their market position from the competition. Read More
In the first part of the series “Dynamic Pricing” you read that dynamic pricing describes the application of statistical learning to price optimization. A trader’s goal is to maximize performance with minimal price increases at constant costs. This is exactly where the Predictive Analytics software attacks, which can do much more than just observe the competition. Read More
“Dynamic pricing” is not a foreign word in retail, even if it does not always catch the eye of most consumers. Used intelligently, Dynamic Pricing can use Big Data to improve a retailer’s business: profit and revenue are expected to grow. Read More
Sales departments are flying blind if they don’t know the turnover potential of individual customers in specific sectors. More important than the historic business volume generated by one’s own company is the general sales potential, from which the Share of Wallet can be derived – and systematically raised. Read More
Sartorius Werkzeuge GmbH & Co. KG uses an AI-based customer value prediction software developed by Dastani Consulting to manage its sales force activities. We asked their managing director, Ivica Pavlinusic, how the sales function applies the principle of customer value and what benefits this brings. Read More
Many companies apply CRM systems but use the existing data inadequately in identifying and exploiting turnover potentials. But algorithms driven by AI (Artificial Intelligence) enable the prediction of individual purchasing behaviours, so that data that is lying dormant in a company’s CRM system can be turned into a valuable information source. Read More
