Data & Analytics

A food tech startup

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A FoodTech company improved sales conversions on its e-commerce platform by implementing a real-time analytics tool that dynamically allocates incentives to customers during their browsing sessions.

A food tech startup

Industry

FoodTech

Location

India

Business Challenge

The FoodTech company faced a significant challenge in its e-commerce marketplace, where potential customers were not incentivized effectively while browsing products. Customers often received incentives in the form of emails after they had left the website, typically an hour later, leading to missed opportunities for immediate sales conversions. This delay in incentivization resulted in lost sales and customer frustration, as users browsing multiple times on a product page showed interest but did not complete a purchase.

Solution

To address this challenge, Kaara developed a real-time analytics tool designed to monitor customer behavior dynamically. This tool analyzes user interactions, such as returning to a single product page multiple times without making a purchase, indicating a strong interest in the product. By identifying these patterns, the system can determine the optimal moments and methods for incentivizing customers in real-time, allowing for targeted discounts or offers as they browse. This proactive approach ensures that customers are encouraged to complete their purchases while still engaged on the website.

Benefits

The implementation of the real-time analytics tool resulted in dynamic allocation of discount budgets, tailored to individual customer behaviors and preferences. This approach significantly increased sales conversions as customers were incentivized at critical moments during their browsing experience. As a result, the FoodTech company experienced enhanced customer satisfaction and loyalty, improved sales performance, and a more efficient use of promotional budgets. The ability to respond in real-time to customer behavior positioned the company competitively within the e-commerce landscape, driving growth and increasing revenue.