Best Retail Analytics Software
Retail analytics software tracks and analyzes inventory, consumer demand, and sales data. Customer behavior and sales trends analytics promote better business planning and decision-making. This type of software provides insights that help evaluate a business’s merchandising strategy, informs their marketing campaigns, and optimizes production/procurement, inventory management, and supply chain operations. Predictive retail analytics helps businesses predict future demand, identify emerging trends, and anticipate customer needs. Recognizing those opportunities gives retail businesses a competitive advantage. Retail...
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Looker is a BI application with an analytics-oriented application server that sits on top of relational data stores. It includes an end-user interface for exploring data, a reusable development paradigm for data discovery, and an API for supporting data in other systems.
RetailNext provides retail analytics for brick-and-mortar retail, delivering real-time analytics that enable retailers and manufacturers to collect, analyze, and visualize in-store data. The solution uses video analytics, Wi-Fi detection, on-shelf sensors, and data from point-of-…
Zoined offers Retail and Hospitality Analytics as a cloud based service for different roles from top management to manager level. Th…
PlanoHero service is an opportunity to implement, configure and automate planogramming processes.
- Synchronization with the electronic catalog of goods Listex provides a ready-made database of goods with pictures and sizes.
- Google search is integrated into the service. It help…
Datasembly provides market intelligence for CPGs and retailers, specializing in…
TrueProfit is a Shopify app that helps the user understand the profit generated by an ecommerce business, to enable users to monitor all costs and know one's true profit.
Sisense is a BI software and analytics platform. With what the vendor calls their In-Chip™ and Single Stack™ technologies, users have access to a comprehensive tool to analyze and visualize large, disparate data sets without IT resources.
RetailMetrix is a data analytics platform for retailers with the mission of enabling retailers to get value from their data. RetailMatrix processes and stores sales, labor and customer data using data warehouse technologies. Its dashboards and reports allows team to find the data…
MicroStrategy Analytics is an enterprise business analytics and mobility platform. Key features include automatic big data analysis and reporting, data discovery and visualization, digital security credentials, and support for mobile devices.
The Pitaya by Centific SaaS cloud platform contains tools that help retailers to manage operations and support associates for greater efficiency.
ai.RETAIL is an AI-powered insights solution, purpose built for retail, with use cases to support marketing, merchandising, and supply chain operations.
Sellerboard offers a profit analytics service for Amazon sellers, that along with additional tools can be used to analyze profit in real-time, manage inventory, get refunded for lost & damaged stock, automate email follow up campaigns for organic product reviews and seller feedback,…
Pricer24 is an Enterprise SaaS BI-solution for category managers of brands and online stores. The company provides clients with a platform that offers insights on the pricing, promotional status, and reviews of products where they can organize large data sets to compare and contrast…
Cresicor is a trade promotion management (TPM) software built by and for the consumer-packaged-goods industry (CPG), from the company of the same name in San Francisco. From campaign creation to deductions management and promotion measurement, the solution is designed to help brands…
First Insight provides the retail industry with a platform for collecting the Voice of the Customer and Zero-Party Consumer Insights.
- It's designed to make comple…
People Flow Management, in short PFM, aims to provide its clientele with accurate, consistent and reliable people flow data and insights.
In a world where change is common place and the habits of Shoppers are affected so dramatically by the Covid 19 virus, it is more vital now than ever before to have high quality data to help making the right decisions for the business. PFM boasts high quality and accurate data to drive operational decisions based on data, and state they are…
The Datawiz BI analytics service helps retailers quickly find answers to essential questions using pre-configured reports, create informative dashboards, and easily share them with colleagues. The service allows users to customize visualizations based on data, simplifying the process of analyzing key metrics in real-time and tracking changes that could impact chain performance. Datawiz offers 35 pre-configured reports that automate core retail processes, utilizing artificial intelligence for fast insight detection. Users can add custom metrics, create tailored formul…
Footfall is the number of unique people in an area at a given time. It's the main way t…
Lepton Software is a Location Analytics, Map Data and Geospatial consulting practice with more than 25 years experience across multiple business verticals such as Telecom, FMCG, Logistics & Transportation, Govt, Retail, IT, and Automotive, headquartered in Gurgaon. They provide GIS…
Algonomy offers Algorithmic Merchandising and Supplier Collaboration Management to connect the dots between customers, suppliers, and products for increased profitability and control.
Shelf IQ® presents a solution for automating space planning activities. With a no-code interface, Shelf IQ® is designed to make space planning easier.
With just a few clicks, users can apply changes to thousands of planograms instantly.
Shelf IQ® can also be used to generate planograms tailored to a business strategy and objectives. Shelf IQ® users can load and extract data to and from thousands of planograms in minutes, to see assortment changes, detect input issues, and to compare planograms, as Shelf IQ® analyzes the planogram output so users can evaluate per…
IBM Sterling Fulfillment Optimizer with IBM Watson® is a cognitive analytic engine that enhances existing order management systems. It provides a “big data brain” to order management and inventory visibility systems that are already in place with retailers who have e-commerce fulfillment…
Learn More About Retail Analytics Software
What is Retail Analytics Software?
Retail analytics software tracks and analyzes inventory, consumer demand, and sales data.
Customer behavior and sales trends analytics promote better business planning and decision-making. This type of software provides insights that help evaluate a business’s merchandising strategy, informs their marketing campaigns, and optimizes production/procurement, inventory management, and supply chain operations.
Predictive retail analytics helps businesses predict future demand, identify emerging trends, and anticipate customer needs. Recognizing those opportunities gives retail businesses a competitive advantage. Retail analytics software supports improved targeting for marketing operations and provides feedback for product development.
For business owners, retail analytics can help identify and retain your best customers. It provides key insights around bestselling items, the busiest time of the day, week, and year, and allows businesses to quickly adjust to changing retail environments.
Retail analytics software can include geo-special analysis for store layout optimization, fraud detection analytics, analytics to automate merchandising decisions, and support dynamic staffing.
Comprehensive retail analytics software solutions will capture retail data from both brick and mortar and eCommerce retail operations.
Retail Analytics Software Features
Most retail analytics platforms will provide the following features:
Real-time analytics
Sales analytics
Customer analytics
Inventory analytics
Merchandising analytics
Performance analytics
Predictive analytics
Pricing analytics
Supply chain analytics
Competitor analytics
Data collection/integration with retail pos, retail management, and retail operations systems, captures data across all channels.
Action triggers and alerts for dynamic price setting
Dashboard, data visualization, and reporting
Cloud-based and mobile options
Retail Analytics Software Comparison
Consider the following when purchasing retail analytics software:
Scope: Certain products may focus on brick-and-mortar retail analytics, eCommerce analytics, or both. Select a product that best suits your retail analytics goals.
Features: In addition to the foundational retail analytics categories of sales, inventory, and customer behavior, choose a solution that readily supports the additional analytics that you require. These may include predictive analysis, floor-plan optimization, or price optimization.
Industry: Some vendor products are tailored to support specific industries such as fashion/apparel, restaurants, or electronics.
Integrations: Ensure that the product readily integrates with your other retail systems for obtaining the data that is necessary for wide-ranging and comprehensive analytics.
Pricing Information
Entry-level pricing begins at around $99 a month. However, most products require a vendor quote, especially for enterprise-level products.
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Frequently Asked Questions
What does retail analytics software do?
What are the benefits of using retail analytics software?
Some of the key benefits of using a retail analytics platform include:
- Increased Sales: Insights that anticipate customer demand, optimize promotional strategies and product pricing and establish the timing of product availability help maximize sales opportunities.
- Improved Marketing: Improved customer targeting based upon behavioral and sales analytics.
- Better Inventory Management: Predictive analytics helps align demand with supply, optimize inventory management, and reduce waste and associated costs.
- Enhanced Customer Loyalty: Understanding customer behavior and preferences allows businesses to improve their customers’ experience.
- Optimizes In-store Operations: Analytics helps refine product placement, optimize staffing needs, and improve service delivery.
- Better Decision Making: Retail analytics improve decision-making for procurement, marketing, and merchandising.
What are the best retail analytics software products?
These are some popular retail analytics platforms: