Tagged: data

2 Reasons Your Retail Analytics Software Might Be Inadequate

The ability to analyze what is happening in a business is an essential function. Software can greatly enhance retail analytics, but if that software is inadequate, it can cost a business time and money...

How Much Is Retail Technology Worth?

There are a lot of exciting developments in the world of retail technology. But in order to get the most out of that technology, your business needs to be selective about which things are...

Retail Analytics Only Work When You Use Them Right

“Retail Analytics” is a term being tossed around by some people as the cutting-edge trend that will make a retailer successful. And, while Retail Analytics will indeed allow your team to strategize successfully, just...

What Tools Do You Use To Analyze Data?

The need to assess data appropriately and act strategically is what makes retail analytics so important. But when it comes down to the basics, there are two things that matter: the right tool and the right support....

Analyze Social Media Interactions For Greater Effectiveness

Retail Analytics has always been an important part of managing a retail business. After all, if you don’t know what’s going on, how can you manage it? It is essential to have a grasp...

3 Things To Remember About Business Intelligence

Business intelligence is basically the process of taking raw data and refining it to create applicable strategies for management of the enterprise. Historically, this was done imperfectly by scribes and clerks using ledgers and...

Are You Analyzing The Right Stuff?

When retailers analyze their data, sometimes they do it traditionally. That can work very well for some aspects of your business, but it doesn’t always give you the answers you need to be competitive....

3 Ways Retail Analytics Are Useless

3 Ways Retail Analytics Are Useless

ChainDrive’s Integrated Retail Management Solution has built-in business intelligence that takes retail analytics to a whole new level. But retail analytics are useless if: Your own data from your own business is not being...

Measuring Success With Analytics

Measuring Success With Analytics

You can’t know if you are succeeding unless you are measuring your results. Retail analytics is an area of business that many retailers try to focus on but come up short on due to...

Using Exceptions To Prevent Loss

Using Exceptions To Prevent Loss

There are many reasons why you may experience a loss of inventory at the store level. Shoplifters Inaccurate reporting at the POS Product not added to inventory counts Failure to return defective products Product...

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