Acquia Introduces Retail Machine Learning Models to Increase Customer Lifetime Value

BOSTON–(BUSINESS WIRE)–Today at NRF 2022, digital expertise firm Acquia introduced superior retail machine studying fashions for Acquia Customer Data Platform (CDP), designed to enhance buyer lifetime worth. Among these improvements is a brand new “market basket” mannequin to drive digital commerce conversions by intelligently bundling related merchandise, empowering retailers to higher perceive the conduct of their prospects.

“Acquia is constant to lead the pack for retail CDPs,” stated Kevin Cochrane, senior vp of product advertising at Acquia. “Through the latest launch of our multi-touch attribution mannequin and new market basket mannequin, we’re serving to retailers acquire a extra holistic view of their enterprise by understanding profitable levers inside their gross sales and advertising efforts. This data-driven strategy helps groups perceive purchaser habits to enhance choices and drive key conversion metrics that matter most.”

The market basket mannequin for Acquia CDP is a best-in-class analytics resolution that helps retailers successfully pair merchandise, value packages and acquire a deeper understanding of their very own prospects’ shopping for preferences. This mannequin works by figuring out correlations between gadgets regularly bought collectively to make smarter suggestions to finish prospects. These insights will help maximize the lifetime worth to retailers of every buyer.

In addition, many organizations have already leveraged the not too long ago launched Acquia CDP innovation, multi-touch attribution, to visualize marketing campaign efficiency throughout the funnel. These fashions have helped retailers perceive the affect and ROI of selling campaigns via quite a lot of attribution fashions, home windows and occasion varieties, instantly inside Acquia CDP.

About Acquia

Acquia empowers the world’s most bold manufacturers to create digital buyer experiences that matter. With open supply Drupal at its core, the Acquia Digital Experience Platform (DXP) allows entrepreneurs, builders and IT operations groups at hundreds of worldwide organizations to quickly compose and deploy digital services and products that have interaction prospects, improve conversions and assist companies stand out. Learn extra at https://www.acquia.com.

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https://www.businesswire.com/news/home/20220117005550/en/Acquia-Introduces-Retail-Machine-Learning-Models-to-Increase-Customer-Lifetime-Value

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