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The process of descriptive analysis [own elaboration] For example, a business analyst working in retail uses descriptive analytics to analyze sales data from the past year. By examining the data, the analyst identifies peak sales periods, popular products, and customer demographics.
The United States is, by any measure, a retail wonderland. 2 That translates into six times more retail space per person than exists in Europe or Japan. Retail’s huge impact on the U.S. economy can be seen in employment numbers, with two-thirds of states ranking retail as their largest occupation. million U.S. workforce.
It’s no secret that more and more organizations are turning to solutions that can provide benefits of real time data to become more personalized and customer-centric , as well as make better business decisions. In competitive markets, the ability to engage with customers proactively using real-time data can set companies apart.
Annual revenue generated in 2014 was a little under $8 billion for around 157- 160 million active accounts. PayPal promised online shoppers card data security and a fraud risk free experience -which is undeniably tempting for cyberholics-, retail and corporate account types, inter-account transfer service.
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