Navigating Major Trends in Retail Data and Analytics
Like any industry, retail is now being forced to reckon with an emphasis on data – and analysis of that data – unlike any we’ve seen before.
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 that mountain of potential insights.
From an inventory perspective, Datascan is ready with solutions that can help retailers do just that.
On this episode of Datascan’s “Keeping Count,” President and CEO Adrian Thomas once again joined host Tyler Kern, this time to tackle to 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 a year, meaning that the data is only relevant for a short period of time. In the current retail landscape and as we turn an eye to the future, finding a way to determine more constant data and convert that into meaningful trends will be key.
Datascan can help, particularly as retailers attempt to overcome challenges with inventory counting, such as pure volume, returns associated with a boom in online shopping, and more.
Follow us on social media for the latest updates in B2B!
Twitter – @MarketScale
Facebook – facebook.com/marketscale
LinkedIn – linkedin.com/company/marketscale
Latest
Adapting the SLR Magic of Anamorphic Filmmaking to the Panasonic Lumix Ecosystem Creates Endless Filmmaking Possibilities
The Panasonic Lumix System revolutionized independent filmmaking through the convergence of a handheld DSLR style body, larger than video camera sensors for a narrow depth of field, and the versatility and utility of interchangeable lenses. By being mirrorless and with the use of adapters, a broad gamut of vintage and modern lenses became available for […]
AV is Bridging the Gap Between the Real World and the Metaverse at Industry Conferences
How is AV helping bridge the gap between the real world and the metaverse? Some of the best examples can be seen in the midst of large-scale trade shows and industry events. For example, ETHDenver, an annual blockchain conference held in Denver, Colorado, hosts more than 20,000 technologists every year to innovate and develop […]
Why Authentic Content Should Be at the Forefront of Your Company’s Marketing Strategy
Media today is the most powerful it’s ever been, and with the introduction of new channels to consume it daily, the consumer can become easily overwhelmed with a plethora of choices. How does your channel stand out? Authentic media might be the clickbait. With the likes of TikTok, YouTube, and streaming services like Spotify, […]