Tag: Business Intelligence
Death Of 3rd Party Cookies: What Retailers Need To Know
How to Make a Consumer Behavior Analysis?
Do you ever feel you are speculating on what your customers want? Does your marketing team toss ideas out in the hopes that one would connect with customers and increase sales? Do you aspire to a method that would reveal to you precisely what your clients desire? You’re in luck if this sounds like it’s…
10 Essential KPIs for Retail to Keep in Mind
KPIs, or key performance indicators, have long been a fundamental part of business operations. These metrics enable employees, managers, and leaders to monitor and keep track of their workflows, project progress, sales targets, and other important processes to evaluate overall business performance. In a hyper-competitive industry like retail, businesses have no choice but to collect…
Business Intelligence: Benefits for the Retail Industry
Big Data has been a revolutionary concept for global industries and changed how we do business. Business intelligence is currently valued at $14.7 billion and is expected to grow by $8.15 billion between 2022 and 2026. All of its applications are critical for effective strategy development, but retail business intelligence has a special significance. A…
The 7 Biggest Data Analytics Myths Debunked
Despite the clear advantages of data analysis to some of the biggest names in tech and business, from Meta to Amazon, there is still a stigma attached to the practice. The realities of data analytics, however, have been obscured by myths. In this article, we will shine a light on the truth. Introduction to Data…
What’s Data Literacy and Why Is It Important?
Data has become a fundamental aspect of business operations in the growing digital-first global economy. As a result, learning how to extract, analyze, store, and use data from different sources has become crucial for driving business value. However, many businesses, especially those digitalizing their operations to make data-driven decisions don’t have the knowledge to tap…
ClicData VS. Qlik Sense: Business Intelligence Tools Comparison
Chances are you have ClicData and Qlik’s websites open in two tabs right now, trying to compare features, pricing models, and infrastructure. If you’re not, this is still an interesting read about two major data analytics and business intelligence solutions. In this post, we explain the main differences between the two platforms to make your…
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ClicData vs. The Competition: Which BI Tool is best for your business? ClicData vs. Tableau
You’re in the market for a BI tool and ClicData is on your shortlist – along with a few of our competitors. That’s okay, we know we’re in good company! But how does ClicData differ from Tableau, Qlik, Klipfolio, Sisense, Power BI? Above all, which Business Intelligence (BI) software tool best meets your needs for…
7 Data Challenges in Financial Services and How to Overcome Them with BI
On average, financial companies analyze just 24 percent of big data collected. That means 76 percent of potentially valuable data plus the resources used to capture, manage, and store it get wasted, which is a significant loss. The incapacity to harness the full potential of data collected results from several manageable challenges like using outdated…
How ClicData Helps Retail Brands Manage Product Inventory and Pricing
Every successful business must provide value to its customers and ensure reliability. Being on top of your inventory can help you meet the market demand and generate more leads and sales. However, about 43% of business managers don’t track their inventory, and 21% of businesses do not have inventory. Lack of proper inventory management can…
Data Reliability: A Challenge to Address to Becoming Data-Driven
Everyone wants to be a data driver. But to be data-driven, you first need to have reliable data. Having data is quite different from having reliable data, which is also different from being data-driven. To paint a clear picture, let’s take a scenario where two marketing executives present different sales figures for the same quarter…
How to Choose The Right Data Platform That’ll Meet Your Needs
The business world today runs on data. Regardless of your industry or organization size, data powers strategic decision-making, reveals hidden waste generators eating into your bottom line, and unearths new revenue streams. However, data alone can’t execute all the above. Your business must gather tech solutions that connect all the relevant data sources. You’ll need…
Data Lifecycle Management: A Simple and Complete Explanation
Enterprise data can no longer be thought of as separate chunks of information. Today, data is not only everywhere, but it’s also interconnected. At any given organization, the same dataset passes through multiple hands and is used to make informed decisions across departments. Enterprise data has evolved into a homogenous living thing that flows throughout…
