Business Intelligence and the Retail sector
The retail industry is expected to reach USD 31,880.8 billion by 2023. Don’t you think you must be geared up to tap its potential? Business analytics has become equally important to the products to be sold. In the retail industry, the vendors should not only asses the market demographics but also customer potential.
Providing services curated to the needs of the buyers is going to pull money out of their wallets for you. Since retail is more of in-person interaction with the consumers. Understanding and knowing the requirements at personal levels becomes important. Business analytics not only helps in enhancing customer experience and personalization but also reducing the operational costs and increasing profits.