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The retail industry is continuously evolving and adapting to new technologies and trends. One of the latest developments in this sector is the use of ChatGPT and other innovative technologies such as AI (artificial...
The power and influence of retail analytics with BI is undeniable. It is being infused into every core retail system. Data-driven decision making is no longer optional; it is a necessity for retail. Leading...
Retail analytics are a necessity in today’s omnichannel environment. With e-commerce having achieved maturity and growing in importance every day, retailers of every stripe and size are realizing the importance of tracking key performance...
When you have the right retail analytics solution in place, your whole world benefits instantly. ChainDrive understands why retailers need the best possible information about their businesses. When you have the right analytics tools...
Without retail analytics, retailers of any stripe can’t know what’s working and what’s not. With that in mind, ChainDrive Retail Analytics software & Business Intelligence (BI) offers the following 5 keys to useful, actionable...
Retail business intelligence is the collection and analysis of key data that retailers can use to impact revenues, profits, and effectiveness. It primarily involves three key components: Collecting the right data Delivering that data...
Retail metrics is ever-changing, but there are some things that remain the same. If you are a retailer in 2019, here are 5 important metrics you must track to remain competitive and profitable. Traffic...
Whatever sector of retail you serve, you’ve got to measure your success or you won’t have any. The one key tool necessary for measure all your key performance indicators is a retail analytics solution....
One of the many challenges of retail analysis is the way the individual analyst processes information. Since all analysis involves informational data, this makes the type of retail business intelligence software you use very...
Sometimes, retail analytics gets short-sighted. Focusing on a single channel or department can cause this because all the analysis is being done in isolation. The problem with a short-sighted analysis is that the comprehensive...
