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E-COMMERCE GLOSSARY

Analytics

Analytics refers to the process of collecting, interpreting, and analyzing data to gain insights, identify patterns, and make informed decisions. In the context of e-commerce, analytics involves examining various aspects of online business operations and customer interactions to optimize performance and drive growth.E-commerce analytics encompass a wide range of data points, including website traffic, customer behavior, sales trends, and marketing campaign effectiveness. By utilizing analytics tools and techniques, e-commerce businesses can assess which products are most popular, track conversion rates, understand customer demographics, and determine the success of marketing initiatives. The insights derived from analytics enable businesses to make data-driven decisions, improve the user experience, and refine their strategies to enhance customer satisfaction and ultimately increase revenue.

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