Navigating Major Trends in Retail Data and Analytics

June 8, 2023
irfan ullah

The retail industry is forced to reckon with a new emphasis on data–and the analysis of said data.

Retailers are in a position to understand more about their supply chain, customers, store experience, marketing, and more than ever before, but they need solutions that can help them make the most of these insights. Datascan has solutions that help retailers.

On this episode Keeping Count, Datascan’s President and CEO, Adrian Thomas, joins host Tyler Kern, to tackle the ever-evolving world of retail data and analytics.

“Data in retail has been limited, prior to the last two to three years, to [point of sale] data, maybe delivery data and supply chain data, and, obviously, some inventory accuracy that we can provide,” Thomas said. “From the inventory accuracy standpoint, now – what we can start to show retailers is what is actually going on with their inventory in the store.”

Traditionally, inventory counts have been performed maybe once or twice annually, meaning that the data is only relevant for a short time. In the current retail landscape, finding a way to determine more constant data and convert that into meaningful trends is key.

Datascan helps retailers overcome challenges with inventory counting–such as volume, returns, and more.

Recent Episodes

View episode

Enhance your retail business’s success with Datasan by exploring the crucial role of inventory accuracy for global retail. Maintaining precise inventory records is essential for achieving optimal operational efficiency and customer satisfaction. Datascan delves into the multifaceted benefits of inventory accuracy. Adrian Thomas, President and CEO of Datascan, discusses how accurate inventory tracking empowers retailers…

View episode

Dive into the worldwide importance of retail inventory accuracy. Adrian Thomas, the President and CEO of Datascan, joins us to shed light on this crucial topic. As the retail landscape continues to evolve, especially in the wake of COVID-19, understanding buyer behavior trends has become essential. Even before the pandemic, consumer habits were shifting due…

View episode

Discover the impact of BOPUS (Buy Online, Pick Up In-Store) and online shopping trends on inventory accuracy in this enlightening video by Datasan. In a rapidly evolving post-COVID world, retailers face amplified challenges in maintaining precise inventory records. Datascan explores how the rising popularity of BOPUS and online shopping intensifies the need for accurate inventory…