Check out this creative infographic to know the importance of business in the retail industry.

1. Ease of Choosing
Key Features
of BI Software for Retail
Global Retail E-Commerce Sales
BUSINESS INTELLIGENCE
IN RETAIL INDUSTRY
SIGNIFICANCE OF
What Customers Are Looking For?
Business Intelligence
Software Benefits for Retail
Percentage Users Consider Each as Indispensable
Trendy Products
Merchandise
Planning
You can have optimum product quantity
based on location, user interests,
taxonomy categories, and styles.
Instant Purchase
Brand & Customer
Management
BI retail data will help to drive more
business by identifying top marketing
strategies & customer trends.
Retail
Analytics
Tracking of KPIs like revenue,
conversion rates, and more will be
easy, which helps to optimize sales
performances.
Quick
Integration
It is easy to integrate a quality BI tool
with CRM, shopping cart software, and
more to turn big data into real
opportunities.
1.336
2014
5 000
4 000
3 000
2 000
1 000
0 000
2015 2016 2017 2018* 2019 2020 2021*
1.548
1.845
2.304
2.842
3.453
4.135
4.878
salesinbillionsU.S.dollars
Enhance
Customer
Experience
Personalize
Engagement
Reduce
Operational
Costs
Optimize Floor
Plan & Product
Placement
95% 92% 88% 86%
Want to leverage the retail Business Intelligence services
to skyrocket your profits?
Connect with us.
Create a
killer Business
Intelligence strategy to
skyrocket your retail sales and
increase customer loyalty.
Monitoring
Analysis
Boost Your Sales with
Business Intelligence
Budgeting/
Forecasting
Reporting
Planning
Resource
Allocation
Strategy
Formulation
Sources:
https://www.statista.com/statistics/379046/worldwide-retail-e-commerce-sales/
https://www.researchandmarkets.com/research/hcff23
https://www.forbes.com/sites/louiscolumbus/2018/06/08/the-state-of-business-intelligence-2018/
www.rishabhsoft.com Email : sales@rishabhsoft.com+1-201-484-7302
eMarketer
Statista 2018©
Source
BI & Analytics Software
Market Surge
...and is expected to reach $55 Billion by
2026 with a CAGR of 10.4%.
Global Business Intelligence and Analytics Software
Market touched $22 Billion marks in 2017
$55 Billion
$22 Billion
Source : www.researchandmarkets.com/research/hcff23