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cloud.IQ enables brands and retailers to reduce 'website abandonment' and improve conversion rates in the online sales process. Many visitors to online retailers leave without completing a purchase – either leaving before adding items to a shopping cart or after adding items but before paying for them. Cloud.IQ helps reduce the rate of abandonment and increase visitor conversions by targeting shoppers before they leave a website, or with emails after they have left. Given the expense in attracting shoppers to an ecommerce site, tools that can more effectively convert visitors to shoppers are highly valuable.
Over $4 trillion worth of merchandise will be abandoned in online shopping carts this year and about 63% of that is potentially recoverable. Shopping cart abandonment is increasing and will continue to rise as more consumers shift to online or mobile shopping. Cloud.IQ provides a solution.