Retail merchandising strategy is paramount for small and medium sized retailers to boost sales of their products. It’s imperative to explore every corner of business strategy landscape to survive tough competition. For example, determining the place where a particular type of product needs to be placed so that maximum prospective customers can see it with ease, which can be the difference between a sale and non-sale.
Retail merchandising involves:
Launching right product
Setting right price
Positioning Products at the right places
Placing products in right amount
Knowing types of customers buying a particular product
Drawing traffic to particular products
Improving customer relationship
The problem is that with all this, there comes a huge volume of disparate data, which is basically useless if one can’t run proper analytics on it to figure out sales patterns, optimum positioning and buying behaviors of customers and perhaps more importantly so, the prospects…Read full blog at- Big Data Retail Merchandising Strategy for SMBs
What business decisions you make determines the fate of your business. It’s makes enough sense to say that decision making for a business no longer have a reliance only on gut-feeling, past experiences etc since we are now living in a digital-enriched world wherein a huge piles of data is present to make informed decisions. According to Chris Jordan, President, iOLAP, Inc, “Success of any business has a lot to do with unlocking the value of data and convert it into trusted information for critical decision making.”
Since massive amount of data from disparate sources exists in structured, semi-structured and unstructured form, data integration plays an imperative role to turn it into trusted information.
Why Data Integration Holds Significant Importance for Businesses
Data integration helps in converting data from different sources into a structured set of information to make it usable for end-users without complex coding. It allows chief managers to gain insight into customer’s behavior and devise effective marketing strategies.
Benefits of Data Integration
- Creates value for your business
- Improves business intelligence
- Allows timely access to business data…..
Read full blog at Take Informed Business Decisions With Data Integration Products
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