Business

Customer Journey Analytics: Mapping State Transitions and Behavioural Sequences via Hidden Markov Models

Customer journeys rarely move in a neat line from “awareness” to “purchase”. They loop, pause, and restart across devices and channels. That messiness matters because small changes in journey behaviour can have large commercial consequences. For example, IRP’s market data shows average e-commerce conversion rates around the ~2% range (e.g., 1.99% in December 2025, down […]