Development of a data analystics-driven system for instant, temporary personalised discount offers
Date
2018
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
South African Institute for Industrial Engineering
Abstract
The innovation of targeting customers with personalised discount offers has been incorporated into business strategies in order to ensure a competitive advantage amongst peers along with ensuring customer experience. In this article, a demonstrator model was developed which provides a holistic view of an individual customer’s behaviour in retail outlets. The demonstrator creates instant, temporary personalised discount offers based on the purchasing tendencies of that customer in retail outlets. The model illustrates the utilisation of customer behavioural data and data analytics to identify unique cross-selling and upselling opportunities to ultimately improve customer experience. This article also includes the architecture of the proposed model along with the results from the demonstrator model.
Description
CITATION: Els, Z. & Bekker, J. 2018. Development of a data analystics-driven system for instant, temporary personalised discount offers. In SAIIE29 Proceedings, 24-26 October 2018, Spier, Stellenbosch, South Africa.
The original publication is available at https://conferences.sun.ac.za/index.php/saiie29/saiie29/schedConf/presentations
The original publication is available at https://conferences.sun.ac.za/index.php/saiie29/saiie29/schedConf/presentations
Keywords
Innovation, Quantitative research, Consumers -- Behavior, Customer services, Discount -- Mathematical models, Personalized discount offers
Citation
Els, Z. & Bekker, J. 2018. Development of a data analystics-driven system for instant, temporary personalised discount offers. In SAIIE29 Proceedings, 24-26 October 2018, Spier, Stellenbosch, South Africa.