How Data Analytics Can Help Your Retail Business Growth
Modern customers need efficient, customized service from the merchants they do business with. Many of them will move their business right away if you can't deliver on their expectations for an effective and targeted product offering. Gaining knowledge about consumer expectations from the vast amounts of data that retail organizations produce is essential for accelerating growth. Despite the well-documented capabilities of big data to give useful measurements across industries, mining data in this way can be difficult if you are new to the field or don't have the right tools. Only 16% of the retailers and brand makers surveyed in a study by Alteryx and Retailwire identified themselves as professional data harvesters. Even if you are familiar with data analysis methods, using basic in-app capabilities that barely scratches the surface of what a potent data analytics solutions can do might make it difficult to provide truly useful insights. Utilizing a potent, affordable, and sim