Authors :
Dr. Umesh Akare; Girish Umaratkar; Mukesh P. Giri; Megha N. Tagade; Ekta N. Chopde
Volume/Issue :
Volume 10 - 2025, Issue 3 - March
Google Scholar :
https://tinyurl.com/4fft6uxb
Scribd :
https://tinyurl.com/5ds6wffc
DOI :
https://doi.org/10.38124/ijisrt/25mar017
Note : A published paper may take 4-5 working days from the publication date to appear in PlumX Metrics, Semantic Scholar, and ResearchGate.
Abstract :
In today’s competitive retail landscape, understanding and landscape, understanding and predicting customer
behaviour is essential for business success. However, traditional data analysis methods can be costly and resource intensive. To
overcome these challenges, an innovative system has been introduced that utilizes advanced analytical methods to streamline
retail analytics.
This framework is engineered to construct a sturdy model for interpreting and predicting user tendencies. It applies
techniques such as multi-criteria classification, visual representation of information, and evaluation of purchasing behavior to
segment buyers, investigate their spending trends, and anticipate possible client departure.
Additionally, it utilizes market basket analysis to predict produce purchases and artificial neural networks (ANN) to
segment customers and predict churn. Integrating these methods enables businesses to derive meaningful insights into
customer groups, buying patterns, and anticipated behaviours, fostering enhanced customer retention and informed strategic
decisions.
Keywords :
Retail Analytics, Customer Segmentation, Artificial Neural Networks, RFM Segmentation, Churn Prediction.
References :
- Zhao-Hui Sun, Tian-Yu Zuo, Di Liang, Xinguo Ming, Zhihua Chen, Siqi Qiu “GPHC: A heuristic clustering method to customer segmentation”,2021
- E ernawati, SSK Baharin, F Kasmin “A review of data mining methods in RFM-based customer segmentation”, Journal of Physics: Conference Series 1869, 2021
- Israa Lewaaelhamd “Customer segmentation using machine learning model: an application of RFM analysis”, Journal of Data Science and Intelligent Systems 2(1), 29-36, 2024
- Chun-Gee Wong, Gee-Kok Tong, Su-Cheng Haw “Exploring customer segmentation in e-commerce using RFM analysis with clustering techniques”, Journal of Telecommunications and the Digital Economy, 2024
- Malay Sarkar, Aishryja Roy Puja, Faiaz Rahat Chowdhury” Optimizing Marketing Strategies with RFM method and K-Means Clustering-Based AI Customer Segmentation Analysis”, Journal of Business and Management Studies, 2024
- Siti Wulansari, Jerry Heikal” Analysis of Customer Segmentation in The Top Three Most Visited E- Commerce Platforms Using RFM Model and Clustering Techniques”, Jornal Scientia, 2024
- Chatrasi Amar Lokesh Venkat Siva Sai, K Sita Kumari, Batchu Anush Gupta “Churn Prediction Based on Customer Segmentation Using Machine Learning Techniques”,2024 International Conference on Automation Computation, 2024
- J Shobana, Ch Gangadhar, Rakesh Kumar Arora, PN Rejith, J Bamini, Yugendra devidas Chincholkar” E-commerce customer churn prevention using machine learning-based business intelligence strategy”,2023
- Kamil Matuszelanski, Katarzyna Kopczewska “Customer churn in retail e-commerce business: Spatial and machine learning approach” Journal of Theoretical and Applied Electronic Commerce Research ,2022
- Dhivya Rajan, VL Helen Josephine “Data Mining Techniques to Enhance Customer Segmentation and Targeted Marketing Strategies”,15th International Conference on Computing Communication and Networking Technologies, 2024
- Sydul Arefin, Rezwanul Parvez, Tanvir Ahmed, Mostofa Ahsan, Fnu Sumaiya, Fariha Jahin, Munjur Hasan “Retail Industry Analytics: Unraveling Consumer Behavior through RFM Segmentation and Machine Learning”, IEEE international Conference on Electro Information Technology, 2024
- Jeen Mary John, Olamilekan Shobayo, Bayode Ogunleye “An exploration of clustering algorithms for customer segmentation in the UK retail market”,2023
- Filipe Simoes, Aydin Teymourifar “Consumer Segmentation in Retailing: Integrating Self-Organizng Maps and K-Means Clustering for Strategic”, 2024
In today’s competitive retail landscape, understanding and landscape, understanding and predicting customer
behaviour is essential for business success. However, traditional data analysis methods can be costly and resource intensive. To
overcome these challenges, an innovative system has been introduced that utilizes advanced analytical methods to streamline
retail analytics.
This framework is engineered to construct a sturdy model for interpreting and predicting user tendencies. It applies
techniques such as multi-criteria classification, visual representation of information, and evaluation of purchasing behavior to
segment buyers, investigate their spending trends, and anticipate possible client departure.
Additionally, it utilizes market basket analysis to predict produce purchases and artificial neural networks (ANN) to
segment customers and predict churn. Integrating these methods enables businesses to derive meaningful insights into
customer groups, buying patterns, and anticipated behaviours, fostering enhanced customer retention and informed strategic
decisions.
Keywords :
Retail Analytics, Customer Segmentation, Artificial Neural Networks, RFM Segmentation, Churn Prediction.