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increase customer lifetime value

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If you are looking for an answer to the question What is Artificial Intelligence? and you only have a minute, then here's the definition the Association for the Advancement of Artificial Intelligence offers on its home page: "the scientific understanding of the mechanisms underlying thought and intelligent behavior and their embodiment in machines."

However, if you are fortunate enough to have more than a minute, then please get ready to embark upon an exciting journey exploring AI (but beware, it could last a lifetime) …

Increase Customer Lifetime Value By Personalized Recommendation on eCommerce Store

#artificialintelligenceMar-1-2019, 21:02:27 GMT

LTCV stands for lifetime customer value i.e. a customer's timeframe of association with the business. Maximizing #customer_lifetime_value is important with #personalized_recommendation so that customers can keep coming and shopping on your e-store. The widget can be added to the accounts page so that customer can easily opt for re-purchase. Another widget- "More of your Choice" includes the products similar to those that customer has already purchased. This also helps in understanding the preferences of your customer.

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Industry: Information Technology > Services > e-Commerce Services (0.58)

Technology:

Information Technology > Communications > Social Media (1.00)
Information Technology > Artificial Intelligence > Representation & Reasoning > Personal Assistant Systems (0.66)

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