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> Customer Analytics at Bigbasket - Product Recommendations

商品編號: IMB573
出版日期: 2016/05/01
作者姓名:
Abraham, Paul;Pradhan, Manaranjan;S, Lakshminarayanan;Iyer, Ganesh;Unnikrishnan, Dinesh Kumar
商品類別: Marketing
商品規格: 6p

再版日期:
地域: India
產業: Retail and consumer goods;E-commerce industry
個案年度: -  

 


商品敘述:

Bigbasket was India''s largest online grocery and food store established in 2011 by a group of entrepreneurs Hari Menon, Vipul Parekh, V S Ramesh, V S Sudhakar, and Abhinay Choudhari. In 2016, Bigbasket sold more than 18,000 products and 1,000 brands operating across 12 Indian cities. Online grocery market in India has been small, but a rapidly growing segment. According to "The Retailer" Ernst and Young''s publication in consumer products and retail sector, during July-September 2015, India was among the top-10 food and grocery markets in the world, with an estimated size of INR 22.5 trillion (approximately USD 350 billion). The market has grown at 10-12% CAGR between 2010 and 2015, with food and grocery being the largest segment, accounting for close to 60% in 2015 alone. The protagonist of the case, Pramod Jajoo, Chief Technology Officer, at Bigbasket was trying to solve two problems frequently encountered by customers of online grocery stores. It was estimated that about 30% of Bigbasket customers place orders through smart phones. Unlike other e-commerce companies such as Amazon, Bigbasket customers place order for several products in a single order, sometimes as high as 80 in one order depending on their purchase frequency. When the basket size is high, using smart phones to place order is challenging. Also, it is a common phenomenon that customers forget to place order few grocery items which may result either in placing additional orders or customers purchasing those products from neighborhood stores resulting in a financial loss to online grocery stores. Jajoo and his team wanted to create a "Smart Basket" that would make placing orders easier for their customers and "Did you forget?" feature that would identify the items the customer may have forgotten to order.


涵蓋領域:

Statistical analysis;Customer profitability;Big data;Predictive analytics;Information management


相關資料:

Case Teaching Note, (IMB574), 20p, by Paul Abraham, Manaranjan Pradhan, Lakshminarayanan S, Ganesh Iyer, Dinesh Kumar Unnikrishnan;
Spreadsheet Supplement, (IMB575), 0p, by Dinesh Kumar Unnikrishnan