Metaverse-enabled Responsive Data Analytics Model for Enhancing Customers’ Online Experience in Luxury Retail

Luxury retail sales have declined because of restrictions and consumer concerns during the COVID-19 pandemic. To adapt to these challenges, luxury retailers have transformed their businesses from offline platforms to ecommerce platforms. However, purchasing luxury goods online presents significant challenges for customers because they cannot evaluate products through sensory touch and tangible experiences. To address this issue, luxury retailers are turning to the metaverse. Luxury retailers can create immersive and interactive online experiences by developing virtual shopping platforms in metaverse environments. This integration of online and brick-and-mortar channels provides personalized customer interactions, facilitating virtual product trials, inquiries, and recommendations. The aim of this study was to design a metaverse-enabled responsive data analytics model to collect and analyze large amounts of data to uncover valuable insights into customer behavior and purchasing patterns, aiding decision-making in customer relationship management. A case study was conducted to verify the feasibility of the proposed model. The results show that customer behavior is related to the consumption level, service satisfaction, and eye fixation time.

Authors

Institutions

Publication Details

Published
2024-12-15
DOI
https://doi.org/10.1109/ieem62345.2024.10857056
Primary Topic
Diverse Topics in Contemporary Research
Type
article
Field-Weighted Citation Impact
0.00
Controls
|||
ALL TIME
JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEP
OCT
article

Metaverse-enabled Responsive Data Analytics Model for Enhancing Customers’ Online Experience in Luxury Retail

H.Y. Lam, Lap Wong
Diverse Topics in Contemporary Research
article

Metaverse-enabled Responsive Data Analytics Model for Enhancing Customers’ Online Experience in Luxury Retail

H.Y. Lam, Lap Wong
article en

Abstract

Luxury retail sales have declined because of restrictions and consumer concerns during the COVID-19 pandemic. To adapt to these challenges, luxury retailers have transformed their businesses from offline platforms to ecommerce platforms. However, purchasing luxury goods online presents significant challenges for customers because they cannot evaluate products through sensory touch and tangible experiences. To address this issue, luxury retailers are turning to the metaverse. Luxury retailers can create immersive and interactive online experiences by developing virtual shopping platforms in metaverse environments. This integration of online and brick-and-mortar channels provides personalized customer interactions, facilitating virtual product trials, inquiries, and recommendations. The aim of this study was to design a metaverse-enabled responsive data analytics model to collect and analyze large amounts of data to uncover valuable insights into customer behavior and purchasing patterns, aiding decision-making in customer relationship management. A case study was conducted to verify the feasibility of the proposed model. The results show that customer behavior is related to the consumption level, service satisfaction, and eye fixation time.

Hang Seng University of Hong Kong (HK), University of Hong Kong (HK)
Decent work and economic growth
Openalex Percentile: Top 55%
Diverse Topics in Contemporary Research
AI Navigator

Ask Laika to Summarize, Analyze, and Connect papers live on the map.

Summarize Papers & Methodologies

Extract key findings, datasets, and comparative methods across publications.

Benchmark Rankings & Visual Analytics

Rank top research institutions, authors, funders, topics, and journals by Field-Weighted Citation Impact (FWCI) and paper volume with instant charts.

Connect Distant Disciplines

Bridge topological clusters on the map to find hidden collaborative intersections.

Metaverse-enabled Responsive Data Analytics Model for Enhancing Customers’ Online Experience in Luxury Retail — H.Y. Lam, Lap Wong · (2024) | TGRS Research Map | TGRS