Analyzing data coming from multiple sources all at once can be a highly laborious process with the need for multiple resources. Retailers today are facing increased competition from online businesses & other retailers who are utilizing retail analytics consulting to stay ahead.
Drive Growth with the Right Data Analytics in Retail
Around 81% of retailers today gather insights about their customers & their shopping habits. However, only 29% of them can use that data.
Our Retail Analytics Consulting helps retailers gather the right data about their customers, products, stores, & locations to help them:
- Increase Revenue by identifying where the profit lies
- Reduce Losses by mitigating risks & wastage in stocking
- Understand Customer Needs by studying customer data & feedback
- Optimize Product Portfolio by viewing which products sell the most in a given season
- Improve Supply Chain Efficiency by identifying gaps & improving processes
- Expand Geographically by focusing on areas & locations with high foot-fall & reach
- Improve Customer Experience by gathering customer feedback and run retention campaigns in-store and online
What you can do with Retail Business Intelligence
To use and analyze valuable data coming in from your customers, products, stores, & other channels, your business needs the right view to make informed business decisions.
With our Retail Analytics Consulting Services, you can empower your retail business with all the right tools.
Dashboards:
Customer Data
Visualize valuable data about the customer preferences, buying patterns, change in trends, & satisfaction levels
Product Data
Simplify data about different products, their sales volumes, categories, & hot-selling items
Inventory Data
View important information about your inventory to better manage stocking, prevent stock-outs & losses and improve efficiency
Analytics:
Store Management Analytics
Measure foot-fall at your stores & help understand unconverted customers to improve store layout, product portfolio, cash-counters & activation activities
Financial Analytics
Identify where the profit lies & where the major expenses are occurring to reduce losses & wastage
Retail Marketing Analytics
Get a holistic view of the performance of marketing activities, promotional campaigns, & activation activities to change strategy & drive conversions
Reporting:
Automate Reporting
Reduce manual data collection, cleaning, & reporting
Gather Real-Time Data
Get instant updates on real-time data coming in from various sources
Make Data Simple
Provide transparency and access to easy to understand data across the board
Streamline Data Collection in Retail Analytics
Retail businesses have data flowing in from multiple sources, most of which are not integrated with each other. This increases the time to combine data, develop reports, & make business decisions. With our Retail Analytics Consulting, you can combine data from different sources such as:
- Retail POS Analytics
Identify total sales, profit margins, average purchase amount, customer counts, & more
- Inventory Management
Keep track of what is in stock, what needs to be replenished, & how to optimize inventory
- Retail Customer Analytics Software
Visualizes customer trends, buying patterns, behavior, tastes & preferences. Keep track of individual customers, their experience, & retention
- Foot-fall Calculator
Gather data from people counters & foot-fall beacons to identify several walk-ins, sales, & unconverted customers in a given time frame. Determine staff needs according to the foot-fall
- Market Research Surveys
Combine & visualize important data coming from the market about the demographics, tastes, preferences, & trends
- Customer Feedback Surveys
Give your customers what they are looking for by keeping track of what they are saying about your products, stores, and assortment.
- Website & E-Commerce
Compile & analyze data from your e-commerce & retail businesses to get a complete picture & unify reporting.