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Content-based filtering considers item features and characteristics to find similar items that you might like. In this article we take a deep dive into how they work and how to use them effectively!

Whenever a customer interacts with a business, a unique record is logged in the business’s database. Sometimes, this results in two different data points such as “T. Cruise” and “Tom Cruise” referring to the same Tom Cruise. If you want to get a more accurate, comprehensive view of customer behavior to improve your customer service and marketing, you may need to resolve these two points into one distinct entity. This is one example of what is called entity resolution, the process of merging various records into a single entity.

Last week, I wrote an article about why Macy’s is laying off employees out of a desperation to save up for a new customer-centric strategy this year. And it turns out this leading retailer isn’t the only one. Just a few days ago, Levi Strauss announced that they would be cutting over 10% of their workforce — almost 2000 employees — this year for the very same reason. But if all of these companies appear to be struggling with the heavy financial burden of an effective customer strategy, why even bother? Well, as Levi’s recent transformation shows, the returns clearly outweigh the costs.

Macy’s recently announced that they plan to lay off over 2000 employees AND shut down several stores entirely. But why? The answer is simple. Traditional marketing, sales, and growth strategies were simply no longer cutting it, so they *had* to cut down on costs to fund new projects that would completely change their business strategy for the better.

In today’s data-driven landscape, mastering key metrics is vital for any successful business. And out of the countless number of metrics out there, the sales conversion rate is one of the most important metrics that e-commerce businesses should master.

In the dynamic commerce world, businesses are strategically implementing programs with complimentary gifts, advanced technologies, and surprise programs to enhance customer satisfaction, promote brand loyalty, and differentiate themselves from competitors.

Imagine you’re at a bookstore to find your next read, and your friend recommends you an action novel promising that it will be just as fun as the typical romance novels that you read. Although it’s a completely different genre, your friend knows you enjoy dramatic, emotional stories and promises that this action novel will be enjoyable. Surprisingly, you end up loving it and look for more action novels with similar emotional depth. Amazing, right?

If you follow the luxury industry at all, you might’ve heard a little something about 2023’s best performing company in the industry, Hermés. Now, luxury brands aren’t necessarily known for their retention efforts. Most customers buy one or two luxury products from a brand and say that’s enough. But Hermés isn’t just a winning brand because they play it safe when it comes to pricing and strategize carefully when it comes to marketing. They’re also well known for their discrete loyalty and retention frameworks that keep their customer loyalty rate sky high.

Customer experience, CX, is not customer service. Yes, that’s right. Though they seem to imply the same thing, customer service is actually just one part of what customer experience entails.

In prehistoric times when things like AI, ChatGPT, and models weren’t quite as hot, data collection and analysis was – and often still is – very manual. We’ve all probably seen massive datasets filled with hundreds of thousands of rows and thought, “Geez, how am I gonna get through all of this?” Now, though, the data analysis landscape has massively improved with the rise of AI! But don’t worry, you don’t need a computer science degree in order to keep up. If you’re interested in learning more about basic AI tools and how they can be used to unlock your customer insights, you’ve come to the right place.

When starting a business, the main goal is to bring in as many customers as possible, probably through extensive marketing and campaigning. But, at some point, the next biggest hurdle becomes keeping these customers so that your business doesn’t limitlessly expend what may be a limited budget on acquiring new customers.