Member since | Dec 5, 2022 |
And how do they engage with customers? With nearly endless amounts of data and the resources to collect it, it’s no surprise that retailers are turning to analytics to help them see opportunities they didn’t realize were there before. Retailers are using data analytics to make smarter decisions about their products and services and how their stores operate. And how do they engage with customers? Here are nine ways the retail sector makes the best use of data analytics. 1) Product recommendations Determining which products to recommend can be difficult, but fortunately, many tools on the market can help. 2) Facial recognition Facial recognition uses a digital image of someone’s face to create an encrypted mathematical representation. The system compares the representation with stored images in a database, looking for a close enough match. 3) Customer loyalty program To reduce customer churn, retailers often offer ... Continue reading →
Big Data is taking over the world especially, in the ever-growing industry, the Retail Industry. Storing hug amount of data is a challenge that Cloud technology can handle tactfully. Let’s learn more about how cloud technology is a boon for the retail industry. Cloud computing (iaas) has been growing exponentially over the past few years and is now something many businesses including data analytics companies have to consider, whether they’re in the cloud or not. With cloud computing still being new and so many different providers, the importance of picking the right provider can be confusing. Are you also confused? If yes, then don’t worry. You should consider certain factors while choosing the right cloud providers so that you don’t end up paying too much in your quest to find one that ideally fits your business needs. Also, there are many benefits of cloud computing. The Retail Cloud Dilemma For retailers, who ... Continue reading →
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