Industry:
Retail

Customer Segmentation for Retail’s Marketing

The Challenge

In the fast-paced and competitive landscape of the Retail Industry, understanding the diverse and evolving preferences of consumers is paramount. However, the vast and often unstructured nature of customer data made it a daunting task for retailers to gain actionable insights. The challenge was not just to organize this data, but to tailor marketing efforts in a way that resonates with various customer segments, ensuring optimal engagement and fostering loyalty.

 

The Solution

To transform the way retailers interacted with their customer data, we rolled out an advanced system that automated consumer segmentation from unstructured data, irrespective of its scale. This comprehensive solution:

  • Analyzed vast amounts of customer data, sifting through preferences, purchase history, and demographic information.
  • Identified distinct customer segments, providing a granular view of the consumer base.
  • Offered visualization tools, translating complex data sets into intuitive, actionable charts and graphs.
  • Empowered retailers with the ability to craft customized marketing campaigns, promotions, and product assortments tailored to each segment.
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The Framework Is
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Results

Enhanced Personalization:

Marketing campaigns became more targeted, resonating better with individual customer segments.

Increased Engagement:

With promotions and product assortments tailored to preferences, customers interacted more with the brand.

Boosted Loyalty:

A more personalized approach translated to improved customer satisfaction, fostering brand loyalty.

Data-Driven Decisions:

Retailers could make informed decisions based on the visual insights provided by the segmentation tool, ensuring optimal resource allocation and strategy formulation.

Technologies

Spacy
Sklearn

Guillaume Bouchard

CEO at Checkstep

I highly recommend the LyraTech team for their exemplary work at Checkstep where they showcased great expertise in building AI solutions for content moderation systems. They showed a clear proficiency in designing and fine-tuning LLMs, meticulously evaluating 3rd party APIs to flag online harm, and rigorously testing foundational models. Moreover, their ability to iterate on prompts and professionally present their findings to a large audience significantly contributed to advancing our project

Anna Lytvynenko

Co-founder and CCO of Business Logic Group

Our company is a developer of the proprietary ВР2М platform, which is a solution for commercial performance and planning management. To catch momentum from external AI expertise, we invited Lyratech, led by Kateryna Stetsiuk, for a collaborative workshop with our development team. From the very beginning, Kateryna made the discussions engaging. She shared captivating and systematically structured materials, and with her friendly way of explaining complex things, our team quickly got involved in lively talks, looking at real cases from our work. The collaboration with Lyratech brought quick results: our platform unveiled an AI-driven "Talk-to-Data" feature, which empowered the data discovery and decision-making process.
Our cooperation with Lyratech led to the momentum we require!

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