Ciklum’s Post

Many retail and supply chain companies that aren’t maximizing the value from enriching data are missing out on opportunities to grow, optimize or manage risk. From geographic information to purchasing history, data presents retailers and supply chain providers with a powerful opportunity to extract insights about business activity, customer behavior, and other trends.  #ciklum #retail #supplychain #data #customerbahaviour #geolocationtargeting #Al #MLOps

Are you struggling to make sense of your mountain of customer, sales, and inventory data? Transform it into actionable insights that drive growth! Unlock the Power of Retail Data! Our latest blog covers how retail analytics can optimize your customer experience, inventory management, and pricing strategies to outsmart the competition. Key takeaways: ✅ Why retail data analytics is a must-have. ✅ Tools to extract valuable insights. ✅ How to build a data-driven retail culture. Read the full article: https://lnkd.in/gDYyQhVN #retaildata #dataanalytics #retailanalytics

📊How 𝐂𝐮𝐬𝐭𝐨𝐦𝐞𝐫 𝐁𝐞𝐡𝐚𝐯𝐢𝐨𝐫 𝐃𝐚𝐭𝐚 Can Help You Scale Your Business Too (It has already worked) 😱 Did you know? 𝟑𝟕% 𝐨𝐟 𝐔.𝐒. 𝐯𝐢𝐝𝐞𝐨 𝐬𝐭𝐫𝐞𝐚𝐦𝐢𝐧𝐠 𝐬𝐮𝐛𝐬𝐜𝐫𝐢𝐛𝐞𝐫𝐬 𝐮𝐧𝐬𝐮𝐛𝐬𝐜𝐫𝐢𝐛𝐞𝐝 𝐢𝐧 𝟐𝟎𝟐𝟐! But fear not, researchers have found some 𝐤𝐞𝐲 𝐰𝐚𝐲𝐬 𝐭𝐨 𝐤𝐞𝐞𝐩 𝐲𝐨𝐮𝐫 𝐛𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐬𝐚𝐟𝐞 with the help of customer behavior data techniques.  Discover how: 👇 🎯 𝐏𝐢𝐧-𝐏𝐨𝐢𝐧𝐭 𝐌𝐚𝐫𝐤𝐞𝐭𝐢𝐧𝐠: Tailor your campaigns to match individual customer profiles, slashing turnover rates. Remember, everyone on the internet is not your customer. 🛠️ 𝐏𝐫𝐨𝐝𝐮𝐜𝐭 𝐎𝐩𝐭𝐢𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧: Enhance your offerings based on insightful feedback, boosting loyalty and market share. 🔮 𝐃𝐞𝐦𝐚𝐧𝐝 𝐏𝐫𝐞𝐝𝐢𝐜𝐭𝐢𝐨𝐧: Use data analytics, adjust capacity to match fluctuating demand. 📦 𝐒𝐞𝐚𝐦𝐥𝐞𝐬𝐬 𝐒𝐮𝐩𝐩𝐥𝐲 𝐂𝐡𝐚𝐢𝐧𝐬: Delight customers with timely deliveries by optimizing supply chain management. 💰 𝐓𝐫𝐢𝐜𝐤𝐲 𝐏𝐫𝐢𝐜𝐢𝐧𝐠: Focus on value-based pricing strategies, guided by consumer perceptions (use data analytics for this too). Well, that looks simple. We wish it were, but it needs a critical data analytical eye. Don't worry, we have got this eye and will use it to scale your business. 𝐂𝐨𝐧𝐧𝐞𝐜𝐭 𝐰𝐢𝐭𝐡 𝐁𝐢𝐭𝐢𝐦𝐞𝐫𝐜𝐞 𝐭𝐨𝐝𝐚𝐲! We will take care of data analytics (+everything else) to practicalize your plans. 🌟 🤝 𝐒𝐜𝐡𝐞𝐝𝐮𝐥𝐞 𝐚 𝟐𝟎-𝐦𝐢𝐧𝐮𝐭𝐞 𝐟𝐫𝐞𝐞 𝐜𝐨𝐧𝐬𝐮𝐥𝐭𝐚𝐭𝐢𝐨𝐧 𝐑𝐈𝐆𝐇𝐓 𝐍𝐎𝐖: https://lnkd.in/eY8t7-pc) #Bitimerce #dataanalytics #customerbehaviors #customerdata #walmartbusiness #amazonbusiness #USbusiness #businessgrowth #pricing #demand #supplychain 

As a retailer, staying ahead of the trend is necessary and one way to do that is by leveraging historical data to forecast future sales and customer’s behavior. Imagine being able to anticipate what your customers will want next, what products will fly off the shelves, which marketing campaigns will resonate, and when to restock inventory to meet demand. But here’s the thing, this can’t happen if your data is scattered everywhere. That’s why integrating your data into a centralized system, like a data warehouse, is essential. A data warehouse brings all your data sources together, creating a single, unified view that makes accurate forecasting possible. Without this foundation, even the most advanced analytics tools won’t deliver the insights you need. At DataInno Analytics, we specialize in building the data infrastructure that makes predictive analytics effective. We help retailers collect and centralize their data, ensuring it’s ready for the insights that can drive your business forward. Let’s work together to forecast your next big success. Let’s help you increase your business revenue using your business data. #datadrivensolutions #retailsuccess #retailbusiness

Excited to dive into the world of big data in the retail industry? Discover how leveraging big data can skyrocket your business growth and productivity. From personalized marketing to supply chain management, price optimization, targeted campaigns, and predictive trend analysis, big data analytics is the key to success. Overcome challenges like data volume, quality, assurance, privacy, and workforce requirements to unlock the full potential of big data in retail. Start your data-driven journey now! #BigData #RetailAnalytics https://lnkd.in/gfQyydGk

How much are scattered data and delayed insights really costing your brand? For one global retailer, accelerating insights not only allowed for more effective decision-making and improved trust and ownership – it also uncovered $30M in potential revenue. Read the full story here: https://lnkd.in/eNAy9hT3 #marketing #commercialanalytics #dataanalytics #ROI

Everyone benefits from analytics, no matter your size or industry

A single source of truth is like a compass in the vast data ocean 🌊, guiding businesses to clarity and consistency. 🕵️♂️ Get the scoop on why having a single source of truth for product information is crucial for retailers, what benefits it brings, and how a PIM solution can help them achieve data harmony. Read more in our new blog article. #productinformationmanagement #singlesourceoftruth #retail

🌟 New Publication Alert: 🌟 As we venture further into 2024, the retail industry stands at the cusp of a transformative shift, driven by the integration of people counting technologies and big data analytics. Our latest article sheds light on how this fusion is setting the stage for unprecedented retail insights, enabling businesses to understand consumer behavior like never before. #RetailAnalytics #PeopleCounting #BigData #FutureOfRetail

Read the latest by Greg Kihlström for MarTech - on the importance of #data in the #purchase stage of the #customerjourney - Driving growth through data: Optimizing the purchase stage