Retail landscape has been undergoing major transformation over a period of time, and it has been quite different today than it did a few years back. The chain of evolution starts with local stores giving way to department stores and supermarkets, then to shopping malls, and big-box retailers. Now, it is slowly moving to online retailing.
The patterns of purchasing decisions have changed in the recent past. There are customers who come to store, physically examine the product, and further use their smartphone to know through reviews/discussion forums. They even get vital points clarified over google search, and confront with the sales person. Ultimately, they may go for online buying as well.
Retail industry is most benefited by the use of data and analytics. Big changes are inevitable and that retailers need to act now to win in the long term. Advanced analytics helps in driving customer behavior, improving pricing, and further tracking store performance.
DART retail analytics service capabilities help retailers leverage the power of data to derive insights on customer behavior, and develop a personalized customer centric approach to product, marketing, pricing and channel strategy.
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