shaonimukherjee/ecommerce

ECommerce is currently one of the fastest and dynamically evolving industries in the world. Its popularity has been growing rapidly with the ease of digital transactions and quick door-to-door deliveries. A major source of big tech companies revenues comes from the interaction of their underlying proprietary algorithms that are heavily powered by data science, so it’s fundamental to understand the methods applied to maintain and grow the number of clients.

Ecommerce

Welcome to my Ecommerce Repository where I upload all projects based on Ubuntu

One particular package, #pandas_profiling is used for EDA, which is purely optional, and you can use other packages as well, as explained in the video solution. Also, please install #pandas_profiling package though 'conda', otherwise, it may not run properly. The solution provided in this segment explains one of the ways to approach this particular problem.

the two most common types of ecommerce business models are the marketplace and the inventory-based models. You can read more about them and their comparative advantages from the links given below.

Marketplace or inventory-led, which ecommerce model works best?

Difference between marketplace and inventory-led ecommerce models

You also saw that the most popular ecommerce firms in India, like Flipkart and Amazon, follow a hybrid of the two models.

In this repo, I’ll give you some insights about how this amazing industry is applying data science with a Python script to practically show the case.

Now, what’s in it for the sellers that they prefer selling their products on these online platforms? You saw the cash flow for the seller corresponding to each sale made on Flipkart’s seller platform. You can see more details of the breakup on the Flipkart seller page. Notice that for a product sold for ₹1,500 on Flipkart, the seller receives about ₹1,224. So, what tangible benefits does an online platform offer to sellers? You can read more about this here.

Additional Reading

To better understand the sources of revenue for ecommerce firms, and the drivers of their business models, you can refer to the links given below:

How do ecommerce companies make money?

Business model of Flipkart

Nowadays, most e-commerce platforms collect tons of data from users without hampering customer experience. Collected data is stored in structured or tabulated tables in order to facilitate analysis and interpretation. Not only structured data is stored, but also non-structured data such as images, videos or documents, which also have plenty of value at the moment of studying users preferences and are frequently harder to process and analyze.