Analytical Optimization for Improved Customer Understanding in Retail and Consumer Products Analytics Using SAS
Analytical Optimization for Improved Customer Understanding in Retail and Consumer Products Analytics Using SAS In today's fiercely competitive retail and consumer products industries, understanding customer behavior is vital for sustaining growth and success. Introduction In today's fiercely competitive retail and consumer products industries, understanding customer behavior is vital for sustaining growth and success. Companies need to delve deep into their data to gain valuable insights that can drive effective business strategies. SAS (Statistical Analysis System), a powerful software suite, offers a wide range of analytical tools and techniques to optimize customer understanding, enabling retailers and consumer product manufacturers to make data-driven decisions and stay ahead in the market. 1. Data Integration and Cleansing The first step in optimizing customer understanding is to integrate data from various sources, such as point-of-sale systems, online transactions, cu...