In this hugely competitive world of retail, businesses must constantly catch up with their competitors even if they may be at the top of their game. With retail business intelligence software, retail businesses are guided with the best, smart solutions all from artificial intelligence! Here are some of the best retail business intelligence software available!
4+ Retail Business Intelligence Software
4. Smart Measure
What Is Retail Intelligence Software?
Retail intelligence software is a business data analytics software that helps retail increase their profitability and its operations as the software provides intelligent solutions based on the data analytics documented. Using various criteria collected by the software such as financial statements, customer feedback, and more, the software provides solutions for retail businesses that can help them improve their business.
Retail intelligence software helps retail businesses improve their business sales as they are provided with intelligent solutions from the software. Using artificial intelligence software and machine learning software, the software can provide solutions based on its previous activities and information stored by users or automatically by the software such as financial statements, forecasting information, feedback from customers, and many more criteria. The software also empowers companies to be competitive that the software’s solutions can provide as it also studies how competing companies’ strategies. The software also helps companies keep up to date with the ever-changing customer demands with current trends that can help improve the way they market their products.
Retail intelligence software should be able to constantly provide new solutions as it stores and records retail information daily which the software can base such data on. The software should be powered by artificial intelligence and machine learning tools to allow the software to provide highly intelligent data analytics solutions. The software should present the data that is easily seen through its user-friendly interface and a one-view dashboard that monitors the performance of the retail business. If the user of the software has several branches of the retail businesses, the software should be able to provide tools that allow them to merge the information from their respective branches to provide a more, unified solution for the entire retail franchise. The software should also be able to provide intelligent software based on current customer trends and demands as well as their competitor’s strategies.
- Constantly updated with new information and data stored
- Powered by artificial intelligence and machine learning
- User-friendly interface and one-view dashboard
- Advanced data analytics tools
- Merge all retail business’ data and information
- Competitive monitoring tools
Top 10 Retail Intelligence Software
Sisense infuses the power of data analytics with their highly customized software that provides solutions that invoke action for their clients. Sisense has 849 employees and earns annual revenue of $120.1 million.
Looker empowers retail businesses to find the powerful factors of their data that are driven by “smart data-driven experiences”. Looker has 815 employees and earns annual revenue of $118.2 million.
Board allows retail businesses to “analyze, simulate and plan” their next business strategy with their highly advanced data analytics software. Board has 599 employees and earns annual revenue of $86.9 million.
Celerant provides simple, yet powerful enterprise software that is highly trusted by retail businesses. Celerant has 241 employees and earns annual revenue of $34.9 million.
5. Smart Measure
Smart Measure provides industry flow meter manufacturing software that helps companies flow measurement and streamline factory automation easily. Smart Measure has around 25 employees and earns a revenue of around $5 million.
Can retail intelligence software be used for eCommerce?
Yes. Retail intelligence software allows retail businesses that have several branches as well as an online store to combine all of the gathered data so the software can provide intelligent solutions to help them improve their business.
Is there a difference between artificial intelligence and machine learning in the context of retail intelligence software?
Artificial intelligence is a software technology that allows machines to mimic human-like behavior. Machine learning is a subset of artificial intelligence where the AI continuously learns and provides solutions based on past interactions and activities as well as stored data. As such, there are few differences between the two as they work hand-in-hand to provide intelligent solutions to business retail.
How much does retail intelligence software cost?
Pricing for retail intelligence software can range from free to $83 per month or more, with custom pricing for some software. Pricing for retail intelligence software varies depending on the features available and the intended target user. Small retail businesses may benefit more from free or low-cost retail intelligence software, while large retail businesses may benefit more from high-cost software.
Being three steps ahead in the competition is possible thanks to retail business intelligence software. With the power of artificial intelligence and machine learning, retail businesses are guided with well-informed solutions that can help them increase profit and their visibility.
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