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

Education R&D
Will the New Education R&D Bill Spark the Innovation Schools Desperately Need?
April 25, 2025

In a rare show of bipartisan cooperation, Senators Michael Bennet (D-CO) and John Cornyn (R-TX) have introduced the New Essential Education Discoveries (NEED) Act, aimed at revolutionizing how the U.S. invests in education innovation. The bill proposes a new National Center for Advanced Development in Education—akin to DARPA but for schools—within the Institute for…

Read More
How Verizon Business Utilizes UGC for Sales Enablement
How Verizon Business Utilizes UGC for Sales Enablement
April 24, 2025

In this episode of UGC for B2B, host David Dabney welcomes Cesar Teran, Verizon’s Sales Enablement Lead for Channel, to explore how user-generated content (UGC) is transforming training and team engagement at Verizon Business. Cesar shares the journey of introducing UGC into Verizon’s training initiatives, emphasizing the importance of authenticity, collaboration, and celebrating contributions….

Read More
digital freight invoicing
ODeX Is Leading the Charge in Digital Freight Invoicing
April 24, 2025

Global shipping continues to grapple with fragmented billing processes, often delaying cargo movement. According to McKinsey, adopting an electronic bill of lading could save $6.5 billion in direct costs and enable $40 billion in global trade. As vessels carry goods for thousands of shippers per voyage, the administrative burden of managing and reconciling invoices…

Read More
Human Intelligence Movement
Just Thinking… about Reimagining Education for the AI Era with the Human Intelligence Movement
April 24, 2025

As artificial intelligence reshapes education, work, and daily life, educators are grappling with how to prepare students for a future where human skills—not just knowledge—will be paramount. In fact, a growing number of reports highlight that employers increasingly value collaboration, communication, and emotional intelligence over memorized content. Amid this transformation, the Human Intelligence Movement…

Read More