Navigating Data-Driven Decisions in E-Commerce
DOI:
https://doi.org/10.47363/JMSCM/2024(3)148Keywords:
Data-Driven Decision-Making, E-Commerce, Customer Insights, Product Optimization, Personalized Marketing, Inventory ManagementAbstract
Data-driven decision-making has become a critical strategy for e-commerce businesses in the digital age. By leveraging data and analytics, e-commerce companies can gain valuable insights into customer behavior, optimize product offerings, personalize marketing campaigns, and streamline operations.This paper explores the key components of the data-driven decision-making landscape in e-commerce, highlighting the importance of customer insights,product optimization, personalized marketing, and inventory management. It also addresses the challenges organizations face when transitioning to a data-driven culture and
provides a framework for successfully navigating this landscape to drive growth and stay competitive.
