DAY 8 On an ecommerce platform, what monitoring and analytics would implement and why?
DAY 8 On an ecommerce platform, what monitoring and analytics would implement and why? What is ecommerce analytics? Ecommerce analytics is the process of gathering data from all areas that have an impact on your online store and using this information to understand the trends and the shift in consumers’ behavior to make data-driven decisions that will drive more online sales. eCommerce data analysis is used to help businesses better understand data and effectively use it for customer-centric initiatives, including: Personalized marketing Improved conversion rates Omni-channel merchandising Store promotions AI-enabled commerce Inventory planning Supplier management IOT and real-time visibility Improved customer service Reduced costs According to Statista, the number of people buying goods and services online is expected to reach 2.14 billion in 2021, up from 1.66 billion global digital buyers in 2016. Benefits of eCommerce analytics With e-Commerce data analytics,...