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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. In this article, we will explore the significance of managing seasonal fluctuations and the strategies businesses can implement. McKinsey Global Institute reports that 52% of retail activities can be automated.

Retail 314
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Investing in Data Solutions To Streamline Your Retail Business

Smart Data Collective

The retail sector, in particular, can benefit immensely from a shift towards a data-driven business model. Big Data Technology is the Key to Simplifying Retail Businesses. As a busy retailer, making your operations run more smoothly and efficiently should be at the top of your to-do list.

Retail 280
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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 267
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AI’s Massive Growth Puts Retail Data in the Spotlight

Dataversity

Since its first debut to the public in 2022, generative AI has dominated headlines […] The post AI’s Massive Growth Puts Retail Data in the Spotlight appeared first on DATAVERSITY.

Retail 173
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The Surprising Benefits of Data Analytics for Furniture Stores

Smart Data Collective

RetailDive recently published an article titled Furniture retailer embraces digital marketing and measures its impact with analytics , which underscores the benefits that analytics offers. The article cites a furniture store owner that discovered 16.8% The furniture industry is among those relying more heavily on data analytics.

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5 Industries That Are Being Revolutionized By Big Data

Smart Data Collective

In this article, we reveal five industries which have been reshaped by big data technology. IBM wrote an excellent report about the use of big data in the retail sector. Retail is an industry which relies heavily on big data in the modern-day. Retail is an industry which relies heavily on big data in the modern-day.

Big Data 278
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Using AI to Create Customized eCommerce Experiences for Consumers

Smart Data Collective

In this article, we will explore what composable commerce is all about, examine why it’s so valuable for businesses looking for an edge in the e-commerce space, and discuss critical strategies for implementing it. AI technology has helped immensely.