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Business Intelligence to Help an Online Fashion Retailer Increase Sales

  • Los Angeles
  • Retail & E-commerce
  • 12 weeks
  • B2C
  • Python, SQL, Tableau, Power BI, Google BigQuery, Segment, Optimizely

Project Brief

A rapidly developing online apparel store wishes to enhance the customer experience and boost sales through customised recommendations and targeted marketing methods. They intended to use business intelligence to gain a better understanding of client preferences, behaviour, and purchase trends.

Client Background

The company, known for its fashionable yet affordable apparel, has grown significantly in recent years. However, they were challenged with increased competition and the necessity to distinguish themselves in a crowded field. 

Key Challenges:

Data about customers was dispersed over several platforms.
The company has very little insight into the habits and interests of its clients.
The website's conversion rate was lower than the industry average.
A significant number of buyers did not make additional purchases.
To be competitive with other online clothes stores, the firm must develop a data-driven approach.

Solution:

1. Discovery and Planning

We worked together with the marketing and data divisions of the shop to develop specific KPIs, business objectives, and a thorough business intelligence plan. We conducted a thorough examination of their current data infrastructure, found possibilities and limitations, and developed a plan for data integration, analysis, and visualisation.

2. Development

To extract, analyse, and load data from several sources into a single data warehouse, our expert business intelligence team used Python and SQL.We used Google BigQuery to build a dependable data pipeline that ensures data accessibility and integrity. Next, we used Tableau and Power BI to construct interactive dashboards that provided us with a full insight of customer behaviour, the performance of the product, and marketing campaign success.

3. Implementation

We collaborated with the retailer's IT and marketing divisions to ensure that the business intelligence platform fit easily into their existing operations. We gave personnel full training on how to utilise the dashboards and evaluate the data.

Tools & Technology Used

Python

Programming Language

Tableau

Data Visualization

Google BigQuery

Data Warehousing

Optimizely

A/B Testing

Power BI

Data Visualization

Features:

Personalized Product Recommendations

The system examines user browsing and purchasing history to recommend things that align with their interests.

Targeted Marketing Campaigns

Using data insights, the store may design campaigns geared to certain customer demographics, increasing conversion rates and ROI.

Inventory Optimization

Predictive analytics may help shops optimise inventory levels, decreasing stockouts and overstocking.

Customer Churn Prediction

Machine learning models can predict customer churn, allowing for proactive retention tactics.

A/B Testing

The platform allows retailers to test multiple website designs, product locations, and marketing messages to improve consumer experience and conversions.

Values Delivered:

Data-driven evaluations in inventory management and marketing performance improved operational efficiency and reduced costs.
The business intelligence platform encouraged a data-driven decision-making culture throughout the organisation.
The business intelligence platform fostered an attitude of data-driven decision-making throughout the firm.
Integrating a diverse antique clothes inventory onto a single, unified platform while keeping full descriptions and high-quality photographs.
Ensuring real-time inventory management to prevent overselling and properly handle returns.
Creating a user-friendly design that emphasises the unique qualities of antique clothes while increasing client involvement.
Implementing a safe and smooth payment gateway that can handle numerous currencies and payment types.
Scaling the platform to accommodate more traffic during promotional events and busy shopping seasons.
Creating powerful analytics solutions for monitoring consumer behaviour and optimising marketing campaigns.

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