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The Truth About Retail Data Analytics

2/21/2017

 
Merchant Method The Truth About Retail Data Analytics | Small Business | Business Planning | Business Strategies | Data | Visit merchantmethod.com/retailtrends
This week’s trend report, The Truth About Retail Data Analytics, explains the big data and small data insights that big retailers pay attention to, and why you should follow those insights too.

This trend report is part 4 of a the 4-part series Use Your Size to Your Advantage.

Topics Discussed in this Trend Report:

  • How to use multiple key performance indicators (KPIs) to track successful delivery of the 5 R’s of retail
  • How to use internal and external data to develop a forecast of your customers’ behavior
  • Overview of big data and small data for independent retailers
  • Examples of big data and small data in action
  • Learning the difference between statistically significant and meaningful data
  • Assessing how you currently gather internal data

Resourced Mentioned:

  • Forbes
  • Small Data

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