Do you know that 2.5 quintillion bytes of data are generated every day? And 60%-73% of all data within a business is never used for analytics. While some of this data cannot be leveraged, some are bad data. Bad data negatively impacts organizations, with 95% of businesses stating that their inability to structure bad data […]
The world has changed since the introduction of data warehouse. Data warehouse requires greater storage, networking, and computing, due to the volume and diversity of data collected by enterprises. The volume of business data is growing enormously as companies increase their client base and adopt new technologies. As a result, the global data warehousing […]
Inventory is the most important section of a company, ranging from different industries, such as retail, manufacturing, and F&B. Proper inventory management strategies can help businesses control their assets and avoid shortage of products. On the other hand, inventory can be considered as “liability”. A large warehouse contains risks from theft, damage, fees,etc. Plus, […]
Retail Location Analytics supports businesses with robust conditions to directly approach customers, attract new product users, penetrate and dominate new markets, and promote the production process. This is an essential link to business development, increasing sales, revenue and profit. What is Retail Location Analytics? Location analytics is extracting more valuable insights by adding a layer […]
With proper KPIs, you can keep track of your campaign’s performance and make sure that you’re following the right path towards success. They help cut down the vast amount of data from day-by-day business operations to collect critical insights, allowing businesses to make timely adjustments. Thus, in order to reach your goals before the deadline, […]
Google Analytics is considered an indispensable tool to every website owner. It allows merchants to keep track of their performance on the Internet. You can see how visitors interact with your site and web content. Google Analytics also provides specific metrics to measure and track different aspects of the user experience, identifying how people feel […]
In the age of innovative technology, retail e-commerce presents a number of opportunities for augmented reality (AR) to thrive. As a result, augmented reality applications are becoming more popular, such as showcasing furniture and objects in your home with mainstream companies like IKEA and Home Depot or virtually trying on high-end fashion brands like Louis […]
The rapid growth of the retail industry comes with big data and the need for retail analytics. In the retail market, global big data analytics are worth $4,854 million in 2020 and will continue to rocket at $25,560 million by 2028. Retail analytics has grown significantly and optimising it can help your eCommerce business unlock […]
Data science employs specific methods, processes, algorithms, and systems to draw insights from data. And leveraging the maximum benefit of this data to make important decisions is a primary strategy practice for any company. Still vague about data science applications in retail industry? Have a look at the use cases top case studies of data […]
Customers have been leaving feedback more than ever before, and businesses amass that customer feedback data for numerous purposes. However, most companies do not capitalize on customer feedback analysis, making the data useless. The analysis of customer feedback data enables you to draw insightful, actionable information from your customers. And when you do it the […]
