Category: Retail Analytics

retail analytics

5 Keys to Actionable Retail Analytics

Without retail analytics, retailers of any stripe can’t know what’s working and what’s not. With that in mind, ChainDrive offers the following 5 keys to useful, actionable retail analytics. Access to the best business...

business intelligence

How Business Intelligence Leads to Retail Profts

Retail business intelligence is the collection and analysis of key data that retailers can use to impact revenues, profits, and effectiveness. It primarily involves three key components: Collecting the right data Delivering that data...

business intelligence

5 Metrics Every Retailer Must Track

Retail metrics is ever-changing, but there are some things that remain the same. If you are a retailer in 2019, here are 5 important metrics you must track to remain competitive and profitable. Traffic...

business intelligence

The Key to Retail Analytics

Whatever sector of retail you serve, you’ve got to measure your success or you won’t have any. The one key tool necessary for measure all your key performance indicators is a retail analytics solution....

business intelligence

What Kind Of Retail Analysis Do You Do?

One of the many challenges of retail analysis is the way the individual analyst processes information. Since all analysis involves informational data, this makes the type of software you use very important. You need...

Integrate Retail Analytics For Realistic Results

Sometimes, retail analytics gets short-sighted. Focusing on a single channel or department can cause this because all the analysis is being done in isolation. The problem with a short-sighted analysis is that the comprehensive view...

business intelligence

Which Analytical Tools Do You Need For Retail?

Analytic Software is an important tool for retailers because analyzing your data gives you the information and insight that you need to make intelligent business decisions. Retail analytics should give you a clear, consistent view...

What Is So Bad About Reactive Analytics?

Reactions can be a good thing when the reaction prevents further damage. A bicyclist needs to react when a rabbit runs across the road and the reaction needs to be both immediate and appropriate....

What Will Make Your Retail Analytics Effective?

The challenge of retail analytics is being able to analyze effectively. That takes accurate data from the entire spectrum of your business from the past as well as from today. It takes the ability...

retail analytics

The 3 Goals That Retail Analytics Should Reach

The purpose of retail analytics is simple: to accurately assess what is happening in the business. Only with a comprehensive, accurate assessment can the goals of improved decisions, reduced operating costs, and increased revenue...

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