Invention Grant
- Patent Title: Systems and methods for determining customer lifetime value
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Application No.: US17093195Application Date: 2020-11-09
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Publication No.: US11836747B2Publication Date: 2023-12-05
- Inventor: Wei Shen , Lu Wang , Zhao Zhao
- Applicant: Walmart Apollo, LLC
- Applicant Address: US AR Bentonville
- Assignee: WALMART APOLLO, LLC
- Current Assignee: WALMART APOLLO, LLC
- Current Assignee Address: US AR Bentonville
- Agency: BRYAN CAVE LEIGHTON PAISNER LLP
- Main IPC: G06Q30/0201
- IPC: G06Q30/0201 ; G06Q30/0241 ; G06N5/04 ; G06N20/00

Abstract:
Systems and methods including one or more processors and one or more non-transitory storage devices storing computing instructions configured to run on the one or more processors and perform acts of storing, for each respective customer of one or more customers, respective customer information in a customer database; predicting, using a machine learning lifetime value (LTV) update model, a respective LTV for each respective customer of the one or more customers; determining an online advertisement for each respective customer of the one or more customers using the respective LTV, as predicted, for each respective customer of the one or more customers; and coordinating displaying the online advertisement for at least a portion of the one or more customers. Other embodiments are disclosed herein.
Public/Granted literature
- US20210125198A1 SYSTEMS AND METHODS FOR DETERMINING CUSTOMER LIFETIME VALUE Public/Granted day:2021-04-29
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