Launching New Services with the Help of Predictive Modeling Techniques - A Case Study by Quantzig
LONDON--(BUSINESS WIRE)--Nov 6, 2018--Quantzig, a pure-play analytics solutions provider, has announced the completion of their latest The client is based out of the US and is one of the leading global retail chains who has adopted the latest in-store technology, store design, and customer experiences. The primary aim of the client was to launch an online grocery pick up service in a planned and phased manner. To implement this service, the grocery retail chain had to completely transform, update, and integrate its core IT operations onto a new and advanced analytics platform to reduce the associated risks. For this, they needed intelligent market advice and analytics-based insights to roll it out successfully.
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Predictive modeling techniques for a grocery retail client. (Graphic: Business Wire)
Advanced analytics capabilities have become an important factor in predicting the future of businesses. With predictive modeling becoming mainstream, it becomes important to analyze predictive modeling techniques that best suits the businesses. Predictive modeling techniques help businesses in optimizing their operations, surpassing the global competition, and enhancing internal process efficiency. The critically evaluated predictive modeling techniques also give accurate insights about fraudulent activities, internal business functions, and customer experience.
According to predictive analytics experts at Quantzig, “Leading grocery retail firms are increasingly seeking the help of predictive modeling techniques to differentiate themselves from other businesses in terms of speed and efficiency.”
Quantzig’s predictive modeling techniques helped the client to respond effectively to the market’s dynamism. With the help of traditional risk assessment methodologies and predictive analytics, the grocery retail chain could make precise predictions about the success or failure of their new initiatives. Additionally, we helped the client in rolling out their new concept across select stores, and within the optimal budget.
The predictive modeling techniques provided benefits that helped the client to:Optimally allocate the budget for new stores. Analyze the success of their new initiative. To gain relevant insights and understand the scope of predictive modeling techniques,
The predictive modeling techniques solution offered predictive insights on:Classifying stores into three different categories. Developing responses of ups and downs of the project. To know more about the benefits of Quantzig’s predictive modeling techniques,
is a global analytics and advisory firm with offices in the US, UK, Canada, China, and India. For more than 15 years, we have assisted our clients across the globe with end-to-end data modeling capabilities to leverage analytics for prudent decision making. Today, our firm consists of 120+ clients, including 45 Fortune 500 companies. For more information on our engagement policies and pricing plans, visit:
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PUB: 11/06/2018 07:59 AM/DISC: 11/06/2018 07:59 AM