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data science analytics
How company gather consumer's data on basis of behavior and preference and how they do analytics?
3 Answers
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Exactly "how" is every company's most preciously kept secret :)
Usually: sales reports (prices), website traffic and user journey data, clicks, scrolls, idles, wishlists, cookie data, browser data, network/machine data -- everything you can get.
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How Do Companies Collect Consumer Data?
From websites/apps ā What you click, visit, or buy
Using cookies ā Tracks your browsing activity
Through social media ā Likes, comments, shares
From purchases ā What you bought, when, and how often
Feedback & surveys ā What you think or review
Email behavior ā What you open or click
How Do They Use (Analyze) the Data?
Clean the data ā Remove errors or duplicates
How Do They Use (Analyze) the Data?
Group customers ā Like "regular buyers" or "deal hunters"
Find patterns ā What sells more, when, and why
Predict behavior ā Who might buy again or stop
Personalize offers ā Based on your interests
Test what works ā Like which email or ad gets better response