Data Is Driving Retail. Who Is Winning?

Shakeups and Disruptors: Success Stories in Retail Data Analytics 

It has quickly become clear that the impact of big data on most industries simply has not been fully understood yet. Every few months a new trend or innovation completely shifts the direction and standard operating procedures for both the companies that conduct this data analysis and for those that rely on it. Apart from the constantly evolving field of data, retail is a space that is already in flux. The companies working to provide the best and most complete information to the foremost retailers must think on their feet and five steps forward, simultaneously. Those companies that succeed in this space do exactly that. Who are these companies and what defines their success for retail data analytics?

Euclid and RetailNext: Complete Customer Profiles

Inexpensive and easily integrated Bluetooth technology has allowed companies like RetailNext to track over 500 million shoppers in real time.[1] In-store Bluetooth beacons connect with customer smartphones to provide upwards of 10,000 data points that can shape a customer profile within the store, highlighting actionable information about browsing habits, the effectiveness of promotions, the physical layouts of stores, and more.[2] Euclid Analytics performs similar services and their its extends to more than six billion customer data points a day. Each profile becomes more accurate and informative the larger the comparative database is. 

MiNODES: Tracking Individual Promotional Materials

Germany’s MiNODES collects data via in-store beacons as well, though its success is found in a narrower focus: individual promotional materials.[3] Its collection practices help to optimize not only the contents and design of a physical promotional item, like an LED screen or sandwich display, but also helps to place it in the store where foot traffic is densest or customers to whom that promotion is relevant spend most of their time. 

SAS: Understanding Omnichannel

Omnichannel is a concept that is still being adapted to throughout the retail space. Customers are opening competitor websites on their smartphones while at a brick-and-mortar location to compare prices, check sizes, and read reviews. SAS Analytics help stores track and conduct predictive analysis around the “buying journey,” maximizing the effectiveness of the omnichannel approach while helping to tailor future online portals to better facilitate purchasing behavior.[4]

The most successful retailers in this dynamic age will be those that not only embrace ideas like omnichannel but aim to dissect it, shaping their business before the trends take hold rather than following what has already been proven. When data is moving this fast, there is no time to lag.

[1] https://hbr.org/2014/03/how-location-analytics-will-transform-retail

[2] https://www.datameer.com/blog/five-big-data-use-cases-retail/

[3] https://www.indiaretailing.com/2016/07/19/shopping-centre/selectcity-walk-embeds-technology-to-tap-shopping-behaviour/

[4] https://www.prnewswire.com/news-releases/retailers-use-omnichannel-analytics-from-sas-to-keep-fickle-customers-captivated-300391078.html

Follow us on social media for the latest updates in B2B!

Image

Latest

AMAG Technology
AMAG Technology: Control, Reliability, and Customer-First Supply Chain Excellence
April 2, 2025

At AMAG Technology, being customer-obsessed goes beyond a mindset—it’s built into every part of the operation. One of the company’s greatest strengths lies in its ability to manufacture its own products, offering a level of supply chain control that few competitors can match. Allan Price, Head of Global Supply Chain at AMAG, emphasizes how this…

Read More
visitor management solution
Reinventing Visitor Management Solution with Symmetry GUEST
April 2, 2025

In an age where speed and security are paramount, the traditional paper logbook is becoming a relic of the past. AMAG Technology’s Symmetry Guest system offers a modern, digital solution that redefines the way organizations welcome and manage visitors. Gone are the days of long lines and confusion at the front desk—Symmetry Guest empowers hosts…

Read More
AMAG
Driven by Customers, Defined by Innovation: Inside AMAG’s Customer-Obsessed Approach
April 2, 2025

AMAG Technology continues to strengthen its customer-obsessed culture by actively listening to both internal and external voices. As shared by Kyle Gordon, Executive Vice President of Global Sales, Marketing, & Commercial Excellence, the company is focused on improving processes, responding with speed, and driving innovation—while honoring its legacy and delivering unique value within the industry.

Read More
biotech
Biotech Moves Smarter: IDDI Powers Data-Driven Drug Innovation
April 2, 2025

As biotech innovation accelerates, small and mid-size pharmaceutical companies are becoming key players in bringing new treatments to market. Yet many of these organizations face steep challenges when navigating clinical trial design, regulatory approval, and data integrity. According to a McKinsey Global Institute report, industries like biotech could help generate up to $50 trillion…

Read More