Trends that will shape the retail market in the coming years
Retailers and suppliers can now utilize Pivot BI Analytics cloud data management for modern business intelligence solutions. We work with clients to ensure increased transparency without compromising security—a reality that simply is not possible using shared Excel workbooks, text files, EDI transactions, or static reporting methods.
In today’s retail sector, consumers not only appreciate but expect personalized omni-channel experience, they want to trust brands that serve their values and communicate with using multiple channels. Retailers must leverage data analytics, augmented reality, machine learning, and natural language processing to gain deeper understanding of consumers.
Business intelligence norms are evolving across retail and leading retailers have moved operations online prioritizing measurements and data analytics initiatives as a result. While trends toward retail analytics isn’t new, building a data-driven culture in retail operations is complex and can’t be done with speed in brick and mortar environment.
As mobility and analytics collide with data, consumers and retailers inch closer to a more accurate, real-time personalized experience. These are some of the facts that highlights newest trends in retail :
- Advanced analytics is no longer just for analysts
- Mobile reporting is fully realized
- The Internet of Things starts to improve data accuracy
- Omnichannel data integration gets exciting
- Robots bring big opportunities to retail data
- Augmented and virtual reality offer more insights