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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.
A 2017 analysis by MapR showed that telecommunications industries can benefit from big data more than almost any other company. Comarch is known around the world, as a trusted, innovative provider of IT products and services in sectors as varied as healthcare, finance, automotive, retail, transport and logistics, to name just a few.
Of all the industries that have been disrupted by the rise of the internet and the proliferation of mobile devices, few have grappled with as much change as the retail sector. retail, Retail Week interviewed 25 industry CEOs on what 2017 has in store for them. retailers are taking to succeed in our omnichannel world: 1.
When it comes to the Internet of Things (IoT), few industries have as much opportunity for putting connected devices to use as retail does. In fact, 70% of retail decision makers say they’re ready to make changes to adopt IoT solutions within the next five years, according to a survey by Zebra Technologies. Creating smart stores.
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.
IKEA has always been known for providing the best experiences for its customers. The retail giant uses both qualitative and psychographic data to understand its customer’s behaviors on a deeper level and offer them the best experience. Source : Architectmagazine.com. Behind the scenes. Behind the scenes.
That is why, in the United States alone, the number of malls quadrupled between 1970 and 2017 – but much has changed since then. An analysis by Retail Economics predicts that by 2029, 53% of sales will be done online. As such, the retailers’, brands’ and shoppers’ experience will all need to be aligned and balanced. .
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