2020
DOI: 10.3233/jifs-179698
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The impact of big data market segmentation using data mining and clustering techniques

Abstract: Targeted marketing strategy is a prominent topic that has received substantial attention from both industries and academia. Market segmentation is a widely used approach in investigating the heterogeneity of customer buying behavior and profitability. It is important to note that conventional market segmentation models in the retail industry are predominantly descriptive methods, lack sufficient market insights, and often fail to identify sufficiently small segments. This study also takes advantage of the dyna… Show more

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Cited by 37 publications
(25 citation statements)
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References 28 publications
(73 reference statements)
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“…e first step of data clustering is data preprocessing and feature extraction. e process description of data clustering [5,6] is shown in Figure 1. e main steps of this method are as follows:…”
Section: Artistic Modeling Of Opera Stage Clothing Based On Big Data Clustering Algorithmmentioning
confidence: 99%
“…e first step of data clustering is data preprocessing and feature extraction. e process description of data clustering [5,6] is shown in Figure 1. e main steps of this method are as follows:…”
Section: Artistic Modeling Of Opera Stage Clothing Based On Big Data Clustering Algorithmmentioning
confidence: 99%
“…However, the consumer behavior preference among different customer groups cannot be well identified. Yoseph et al [ 25 ] studied consumer behavior (e.g., clicking on product links, browsing products, and adding to cart) and purchasing power, and added these features to the RFM model so that consumer categories could be accurately identified and differentiated.…”
Section: Literature Reviewmentioning
confidence: 99%
“…The higher the frequency is, the more likely consumers are to buy the product. The introduction of these two indicators into the RFM model can effectively improve the effectiveness of the RFM model for e-commerce customer segmentation [ 25 ].…”
Section: Empirical Analysismentioning
confidence: 99%
“…en, based on the demands of target customers, enhance customer value and give customized services to them. Potential customers can be attracted to buy enterprise products promptly in this way, and precision marketing can be accomplished [23]. As a result of using data mining technologies, enterprises' marketing activities are transformed from passive and fixed procedures to measurable and controllable activities.…”
Section: Application Of Data Mining In Enterprise Precisionmentioning
confidence: 99%