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Managing Seasonal Fluctuations in Retail with Analytics

Smart Data Collective

Data analytics technology has helped retail companies optimize their business models in a number of ways. Data Analyst Solomon Nyamson wrote an article on Linkedin pointing out that predictive analytics tools like Sarima have made it easier than ever to forecast retail sales due to seasonal changes. Inventory management is also key.

Retail 295
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5 Ways Your Retail Banks Can Use Data to Better Serve Digital Natives

Smart Data Collective

Big data is even more important to the banking sector as more of their services become digitalized. Banks turn to Data Analytics as Demand for Digital Services Grows. Finance is in no way exempt, as people have come to rely less on physical, financial transactions and modes of payment in favor of digital equivalents.

Banking 268
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Big Data: The Technology Behind Retailers Success

Smart Data Collective

During the beginning of the pandemic, many businesses went digital, and the retail industry is no exception. Big data in retail help companies understand their customers better and provide them with more personalized offers. Key advantages of big data in retail. 4 real-life examples of retailers leveraging big data.

Retail 315
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9 Ways Location Data Can Help You Excel in Retail

Smart Data Collective

Consumers today want retailers they do dealings with, to provide them with simplified and personalized services. The retail industry is expanding all the time. The retail industry is expanding all the time. Did you know that retail sales in the US are expected to reach $5.94 trillion in 2024, up from roughly $5.47

Retail 247
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The Power of Big Data and Analytics in Digital Signage

Smart Data Collective

It’s time to dig deeper into the nexus of Big Data, Analytics, and Kitcast Digital Signage , the new frontier of business intelligence that’s transforming our interaction with the commercial environment, one digital billboard at a time. Modern digital signage is smart, connected, and more often than not, interactive.

Big Data 285
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Explore Innovative Business Possibilities with Smart Retail Technologies

Fingent

Our digital era is a whirlwind of change, with technology driving transformation at breakneck speed. Retailers are at a crossroads with fresh opportunities and challenges. It’s not just about adopting new gadgets; it’s about recognizing technology’s influence on consumer interactions.

Retail 95
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Advanced Data Analytics for the Smart Retailers

BizAcuity

The retail industry across the globe has been facing a rough patch for the past 24-36 months due to multiple disruptions- the pandemic, rising inflation, shortage of materials (like semiconductors), and stagnant demand for goods. The new wave of retail experience: the omnichannel boom. Omnichannel retailing: Challenges & Solutions.

Retail 147