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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.

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AI Chatbots Can Help Retailers Convert Live Broadcast Viewers into Sales!

Smart Data Collective

billion in 2019. They offer instant assistance to customers and leads, helping retailers get more sales. The perks of using chatbots for retailers. Such innovations may come with downsides of their own, but for you as a retailer, this is a great tool. As a result, they create a more converting system for the retailer.

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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 2019? Here it goes.

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How to Use Big Data to Cash in on the Firearms Market

Smart Data Collective

It’s not just online gun retailers that benefit from this industry. For instance, firearm sales are up 95% from 2019 and ammunition sales are up by 139%. For instance, you can open a retail shop or become a supplier or any other part of the supply chain for firearms manufacturers and dealers.

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Big Data Partnerships Drive Growth in the Global Remittance Market

Smart Data Collective

Recent revenue reports from its website show its digital partners increased more than 38% in 2020 from 2019. The worldwide pandemic played a key role in the expansion in digital money transfer service , but the growth and business strategy was growing long before with its rates of growth beginning in late-2019.

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7 Key Industries Being Transformed by Data Savvy Virtual Agents

Smart Data Collective

billion in 2019. Research shows that retail is the industry that fields the most customer calls. For example, customers may call a retail company because a package did not arrive and needs to be replaced. While customers do want a personalized touch from retailers, they don’t want to spend a long time on the phone with them.

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7 Retail Predictions for the 2019 Holiday Season

Domo

Before Domo, I worked at Target for 13 years and in the retail industry for 16 years. Between what I learned over that period, and what I’ve taken away from events such as NRF Big Show , I’ve arrived at seven predictions for retail’s busiest time of year. That’s where the customer secures an item online, then picks it up in the store.

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