Digital Transformation Glossary: P
Strategy by which a company leverages data analysis and digital technology to deliver individualized messages and product offerings to current or prospective customers.Personalized shopping experience
Process of creating an individualized experience including personalized offers and customized tips and suggestions to an individual customer based on his or her specific requirements.Planogram automation
Automated process of arranging products based on a set structure, either by category, sub-category or brand.Point-of-sale (POS) system
Tool used for receiving payments from customers and recording financial transactions in an electric integrated computer system or cash register.Points-based loyalty program
Reward program offered by a company to customers who frequently make purchases.Predictive analytics
Statistical techniques from data mining, predictive modeling and machine learning that analyze current and historical facts to make predictions about future or otherwise unknown events.