The Role of Data-Driven Strategies in Enhancing Marketing Effectiveness Within the Personal Care Segment of the Fast-Moving Consumer Goods (FMCG) Industry
The research paper explores the importance of data-driven marketing strategies in improving promotional effectiveness and consumer engagement within the personal care segment of the fast-moving consumer goods industry. In our research work, we have used primary data collected from 40 respondents and the study inculcated cluster analysis and conjoint analysis to segmentation of the consumer base and identify key marketing attributes that influence brand perception and purchase behavior also, the research paper employed the Balanced Scorecard (B.S.C.) framework for the practical evaluation of the strategic alignment of these strategies with performance metrics of the organization. The findings of the work indicate that when adopting given marketing strategies, we get a 30% increase in consumer satisfaction and a 20% improvement in R.O.I. of campaigns, also we provided recommendations to optimize marketing effectiveness, leveraging consumer insights that are advanced, nuanced and aligned them with business KPIs.
Authors
- Gourab Choudhury (ORCID: https://orcid.org/0000-0002-2595-8253)
- Viraj Thale
Institutions
- Symbiosis International University (IN)
Publication Details
- Published
- 2024-12-13
- DOI
- https://doi.org/10.1109/ictbig64922.2024.10911821
- Primary Topic
- Digital Innovation in Industries
- Type
- article
- Field-Weighted Citation Impact
- 0.00