Machine Learning and Predictive Analytics

Eversight's applied use of artificial intelligence is purpose-built for Offer Innovation

  • Adaptive “micro-testing” approach automates optimal feature selection through continuous real-time decision making.
  • Algorithms tailored to the specifics of promotions leverage both multivariate and A/B testing to deliver the most efficient testing possible.
  • Predictive offer recommendations powered by machine learning for progressive improvements in testing design and execution.

Applied Behavioral Economics

Offer Innovation is based on insights from modern behavioral economists, who have discovered that consumers behave in surprising and counterintuitive ways when making decisions.

The key is that consumers, driven by a variety of subconscious social, emotional, and cognitive biases, actually make decisions that are “predictably irrational,” a term coined by behavioral economist Dan Ariely. In other words, consumers make decisions based on more than just price. To understand what consumers truly want, behavioral economics needs to be taken into account and testing new offers is critical. That’s where Offer Innovation comes in.

And not just in theory. Over the past few decades, Nobel-Prize-winning behavioral economist Daniel Kahneman and others have uncovered dozens of heuristics, or “rules of thumb,” that help explain why consumers make the decisions they do. Some well-known heuristics include information framing, loss aversion, naive diversification, anchoring and affinity — and there are many more. These heuristics are built into the Offer Innovation software platform to both feed and leverage machine learning for automated offer design.

Eversight Data Integration

Pre-built data connectors and APIs connect Eversight software to other promotion management systems and numerous digital testing platforms.

  • Seamlessly test through several digital channels with pre-built testing platform adapters.
  • Automatically import data with the retailer data connector.
  • Custom APIs combined with a channel agnostic architecture allow simple integration with nearly any digital platform.

Software-as-a-Coach

Machine learning technology can have connotations of full automation; a black box; a lack of control. But our approach is much more “Iron Man” than “Terminator.”  Eversight software calculates possibilities and predicts outcomes at a massively larger scale than the human brain or spreadsheets could ever do but then informs and coaches the business user.

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