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Articles on Cluster Analysis

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Cluster Data: Here's What To Expect From DotActiv's Cluster Optimization Feature

By | on 07, May 2020 |   Cluster Analysis Machine Learning Cluster Profiling Cluster Mapping

DotActiv’s new cluster optimization feature is almost here and will allow you to create clusters for your business, tailored to your market environment. This software and service package was designed [...]

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[Free Ebook] A Definitive Guide to Clustering Algorithms, Methods and Applications

By | on 28, Apr 2020 |   Store Clustering Clustering Methods Clustering Algorithms Cluster Analysis Cluster Profiling Cluster Mapping

Clustering forms part of data mining, which analyses data and transforms it into information that you can understand and use in your retail business. This practice aims to help you to retrieve informa[...]

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COVID-19 and Retail: How Clustering Can Keep Your Business Profitable

By | on 09, Apr 2020 |   Cluster Analysis COVID-19 and Retail

The current COVID-19 pandemic has caused unprecedented disruption to the world economy and supply chain and has changed how your consumers live, shop and spend their money. Online sales have exploded,[...]

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How Cluster Mapping Can Help Your Business Succeed

By | on 23, Mar 2020 |   Cluster Analysis Cluster Profiling Cluster Mapping

You can use cluster mapping to help your business understand the geographic spread of your clusters in relation to your cluster input variables and the external environment. This practice gives you in[...]

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[Free Ebook] A Definitive Guide to Cluster Analysis

By | on 10, Mar 2020 |   Category Management Assortment Planning Retail Data Cluster Analysis Machine Learning CRM Customer Segmentation

Clustering is a function of category management which you can use to facilitate end-to-end solutions. You can also use cluster analysis to group your retail data and understand the similarities betwee[...]

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Is Hierarchical Clustering Worth Pursuing?

By | on 27, Feb 2020 |   Clustering Algorithms Cluster Analysis K-means Clustering Hierarchical Clustering Agglomerative clustering Divisive clustering

As far as effective methods to segment your retail data go, hierarchical clustering is one worth considering. It’s simple and easy to use. It also provides an edge over the k-means algorithm as you do[...]

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K-Means Clustering And Why It’s Good For Business

By | on 25, Feb 2020 |   Clustering Algorithms Cluster Analysis K-means Clustering

K-means clustering is an unsupervised algorithm which you can use to organise large amounts of retail data to generate competitive insights about your business. There are many use cases which can help[...]

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How to Implement and Understand Cluster Profiling

By | on 20, Feb 2020 |   Cluster Analysis Cluster Profiling

As a retailer, you can use cluster profiling to describe your segmented customers based on the inputs you used for cluster analysis. You can use this information to develop product assortments and mar[...]

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Classification vs Clustering: When To Use Each In Your Business

By | on 18, Feb 2020 |   Cluster Analysis Machine Learning Classification

If you’re looking to boost operational efficiency in your business, you can use supervised and unsupervised machine learning techniques. Two such approaches are classification and clustering, both of [...]

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Behavioural Clustering 101: Here's What You Need To Know

By | on 13, Feb 2020 |   Store Clustering Cluster Analysis

While understanding consumer behaviour is a complex task, it can allow you to analyse and target your consumers more effectively. You can use this information to cluster your target market based on th[...]

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