12/09/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
A digital business consultancy is a company that helps businesses adopt technology, digitize and manage their digital processes. Consultants also offer a variety of services to help companies choose, implement, and use the right technology to achieve their business goals. These include advice on selecting the right technologies, implementing them and putting them into practice, and support in optimizing digital processes.
12/09/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
ChatGPT is a chatbot service that offers chatbots for businesses and individuals. It offers a free and easy-to-use platform that allows users to easily create and manage chatbots tailored to their specific needs. ChatGPT also has some specific features that allow a completely customizable experience for users.
12/08/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
A distribution channel is a way through which a company sells its products or services to its customers. Using different sales channels enables a company to market its product to a wide target group. Distribution channels can be direct (e.g., online sales, telephone sales, and in-person sales), indirect (e.g., retailers and wholesalers), or a combination of both.
12/08/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
Cross-selling is a sales tactic in which a salesperson attempts to sell the customer an additional product or service that is related in some way. It can also refer to up-selling, a sales technique in which a salesperson attempts to sell a more expensive product or service. Cross-selling is one of the most effective sales techniques because it allows the salesperson to generate more revenue from a single customer.
12/08/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
Customer analytics is a method of business research that involves collecting, analyzing, and interpreting customer information to gain a deeper understanding of customers' needs, motivations, and behaviors. It is an important technique for understanding who customers are, what they want, and how they make decisions. Customer analytics helps companies provide customized products and services that are tailored to customer needs.