Retail Analytics: A Guide for Growing Businesses [07/18 Update]

Retail analytics is a process that helps to provide crucial data for businesses with regards to inventory, sales, supply chain activities, consumer demand, and more. By implementing an analytics-driven retail environment, organizations can make better decisions for procurement, marketing, merchandising, and other operational considerations. This, in turn, enables retailers to create a better buying experience and for identifying opportunities for organizational improvement. 

Some questions that we will answer in this blog include:

What are the benefits and importance of retail analytics?

What are some current trends in retail analytics?

How can AI impact retail analytics?

What are some challenges to effective retail analytics?

What are some common tools associated with retail analytics?

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