Top 10 examples of Predictive Analytics in Retail

Predictive Analytics in Retail: The Best 10 Uses With Examples

6 minutes read Predictive analytics has undoubtedly around for decades, yet until recently, more and more companies has decided to turn to this type of data analytics. With predictive analytics in retail, your business can hold great potential and advantages to grow faster than ever. Here are the top 10 examples of how you could leverage predictive analytics to […]

In-store Retail Analytics: Definition, Benefits, Use Cases

In-store Retail Analytics: Definition, Benefits, and Use Cases 

7 minutes read When we think of analytics in business, we often think of sales figures and profits, but there is more than that. For retailers looking for resources on how to increase the sales of their retail business, the first thing they should consider is in-store retail analytics. In this competitive market, it is necessary for retailers […]

The Future of Retail Analytics (10 trends included)

The Future of Retail Analytics (Top 10 Trends)  

5 minutes read It’s clear to see that analytics has become a critical component of most businesses operations in the retail industry. Consumers increasingly generate massive amounts of data that are crucial for the company to understand their customers’ purchasing habits, health profiles, and hobbies. Therefore, companies can change the way they do business, helping to increase customer […]

Video Analytics For Retail - Definition & Use Cases

Video Analytics For Retail: Definition & Use Cases 

6 minutes read Retail video analytics is becoming more than simply a loss prevention tool; it is also an important instrument for business success. By incorporating video analytics for retail stores, chains are trying to maintain profits when customer preferences have changed substantially and there is a greater awareness of health and safety.  The financial burden of the […]

How Retail Analytics Can Help You Win Fraudsters

How Retail Analytics Can Help You Win Fraudsters 

2 minutes read Fraud has remained a big concern in the retail industry. The National Retail Security Survey reported that multichannel sales (buy online, pick up in-store,…) were the fastest-growing source of fraud in 2021 with 38.9%, a rise of 20.1% compared with the previous year. Fraudsters are constantly seeking new ways to steal from retailers or take […]

How You Can Use Data Analytics for Better Inventory Management

How You Can Use Data Analytics for Better Inventory Management  

3 minutes read 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, […]

4 Significant Use Cases of Location Analytics in Retail

Retail Location Analytics | Definition & Use Cases 

3 minutes read 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 […]

Retail Analytics Can Boost Your Merchandising Effectiveness

2 Ways Retail Analytics Can Boost Your Merchandising Effectiveness

2 minutes read Physical stores have been through a great transformation due to digitalization. The trends of E-commerce have accelerated the adoption of some technological innovations in personalizing offerings at store-level merchandising. One of these exciting technological applications is retail analytics. Let’s see how it work for retailers. Big Data Analytics in Retail Market Insights With the breakthrough […]