Category: Retail Analytics
One way to decide which factors are necessary in retail analytics software is to look at what could happen if that factor were missing. Here are some scenarios that successful retailers refuse to experience: Lack...
Retail Analytics software enables a retailer to integrate all the appropriate data concerning a particular aspect of the business and analyze it in various ways. That flexibility extends to whatever the need of the...
Reports can be valuable tools providing information, insight, and inspiration, or they can be mind-numbing waves of meaningless words. The secret to making reports on retail analytics both powerful and actionable is using retail...
Technologies that can handle big data in real time and allow for a granular view of the customer will take center stage in 2015. Operators need a more comprehensive, current and actionable view of the...
There are a lot of exciting developments in the world of retail technology. But in order to get the most out of that technology, your business needs to be selective about which things are...
“Retail Analytics” is a term being tossed around by some people as the cutting-edge trend that will make a retailer successful. And, while retail customer analytics software will indeed allow your team to strategize...
The need to assess data appropriately and act strategically is what makes retail analytics so important. But when it comes down to the basics, there are two things that matter: the right tool and the right support....
Retail Analytics – business intelligence tools has always been an important part of managing a retail business. After all, if you don’t know what’s going on, how can you manage it? It is essential...
Business intelligence is basically the process of taking raw data and refining it to create applicable strategies for management of the enterprise. Historically, this was done imperfectly by scribes and clerks using ledgers and...
When retailers analyze their data, sometimes they do it traditionally. That can work very well for some aspects of your business, but it doesn’t always give you the answers you need to be competitive....