Powerful analytics. All-inclusive approach. Best Retail Analytics Software goes far beyond basic data visualization to deliver powerful and easy-to-use business intelligence capability. With its unique, user-friendly interface and state-of-the-art features, Best Retail Analytics will quickly become a core component of your business’s everyday operations.
The Best Retail Analytics Software for retailers and suppliers of everything from clothing to groceries, Best Retail Analytics software uses a data-driven approach to solve problems found in everyday sales, operations, and customer service. Download our analytics platform on your own or on a broader basis from our cloud or on premise hosting. Best ROI Analytics Solution!
Retail analytics software help online and offline retailers make operational and financial decisions based on the insights identified in their data.
Decisions such as stock levels, markdowns are critical and complex for retailers with their high number of SKUs, diverse geographic/digital footprint and historically low margins.
These decisions are even more important today with what news media is calling the retail apocalypse. Not taking into account changing customer preferences has been the end of numerous retail brands, making these decisions even more important.
To access relevant data, retail analytics software needs to work with retail POS software and other operations software used by retailers.
To be categorized as retail analytics software, a product must be:
- Built for and marketed to retail companies
- Able to access data from other common retail systems
- Auto-generate insights or allow the user to visualize and analyze the data so user can generate insights
If you’d like to learn about the ecosystem consisting of Retail Analytics Software and others, feel free to check AIMultiple Retail.
BOARD
BOARD is a business intelligence system which offers the tools of BI, enterprise performance management and business analytics in one platform. This product serves mid-sized to large companies in various industry segments.
BOARD’s self-service data-discovery environment expands your toolset considerably. By utilizing these data discovery tools, finding information and performing high-level analysis on intel is a breeze.
This software brings with it the capability to create an interactive and customizable dashboard, featuring drill-down and drill-through capabilities. Go from your KPIs to the smallest level of detail. BOARD’s robust platform provides companies with a single, competent overview of important business information, giving you full ownership across the spectrum of your business’ performance. Go from high-level strategy down to low-level operations and executions.
BOARD offers a unified, all-in-one platform, bringing together core features of BI, and enterprise performance management, as well as offering a powerful business analytics and data discovery suite. BOARD’s visualization tools, dashboards and scorecards can provide real-time data to direct your business focus. The software also comes equipped with predictive modeling tools like reporting, budgeting, forecasting, machine learning interfaces and more. There are even simulation and statistical analysis models built in, on top of additional enterprise features.
A Board analytics panel can sow a myriad of retail business analytics data to help inform your decisions
BOARD’s programming-free approach can help onboard new users quickly. They provide a set of built-in tools, empowering users to generate and update databases and more, all in a hands-on graphical user interface. Users can build “BOARD capsules” — containers that hold and display graphs, maps, reports gauges and menus. Capsules also give users the chance to store items in folders, sort by filters and navigate through custom menus.
Looking for flexibility? BOARD provides both on-premises and cloud-based deployment frameworks. Put your analytics in the cloud with BOARD Cloud, built on Microsoft’s Azure. This off-site solution is the same powerful BOARD software, just served in a SaaS model.
Tableau
Tableau is a business intelligence and data visualization tool with an intuitive user interface and a visual query language that enables non-technical users to conduct analysis without writing code. The visual query language, known as VizQL, translates drag-and-drop actions into data queries and then expresses that data visually. Users are empowered to share their custom, fully interactive dashboards, which run the gamut as far as technical ability goes. These dashboards can display trends and variations in data in the form of graphs and charts.
Tableau allows users to blend various relational, semi-structured and raw data sources in real time. Tableau’s exponential smoothing, an automated forecasting feature, automatically selects from among eight different time-series forecasting models, picking the appropriate hyperparameters automatically. Tableau supports embedding of R and Python code and has a third-party integration with advanced analytics company called MathWorks to support sophisticated predictive analytics.
Core features offered within this software include toggle view and a drag-and-drop interface, a list of native data connectors, highlight and filter data functions, data notifications, Tableau Reader for data viewing, and dashboard commenting. It also features the creation of “no-code” data queries, translates queries to visualizations, import all ranges and sizes of data, create interactive dashboards, string insights into a guided story, handles metadata management, automates updates, offers security permissions at any level, and has Tableau Public for data sharing and server REST API.
Web Focus
Information Builders’ WebFOCUS is a business intelligence (BI) and analytics solution that offers retail analytical tools, applications, reports and visualizations to guide real-time decision making and discover hidden trends. WebFOCUS’s auto-linking automatically detects related data among dashboards, reports and other WebFOCUS platforms. It assists non-technical users in finding data and analytics related to the information one is looking for without having to redo reports. The “Insight” mode enables instant visual discovery from a standard chart.
WebFOCUS offers various data science functions. Integration with R and Python network systems can give you a statistical edge in the analytics game, and the included modeling and statistical functions help you visualize and interpret your data quickly.Get Pricing for Business Analytics Software Leaders
WebFOCUS’s “What-If Assist” tool provides a bevy of functions. “What-If Assist” brings comparison and operating reports for break-even analysis, giving you the tools to see what will make your business successful. Competitive analysis, budgeting and forecasting tools provided by the “What-If” can keep your business on top of the competition.
It provides sentiment and word analytics, social media adapters, and Google Analytics adapter for digital marketing and social media data analysis. WebFOCUS supports big data with adapters for Amazon Redshift, Google BigQuery, MariaDB, EXASol, IBM JDBC, Apache Phoenix and MapR/Apache Drill, enabling data access to big data. This gives users the ability to utilize Hadoop directly as an analytical source.
In turn, this removes the need to take big data out of the repository. Adapters for Greenplum, ParAccel, 1010data and Vertica allows generating queries and reports off large data sources. It integrates with third-party geographic information systems (GIS) like Esri to support location analytics and interactive mapping.
Conclusion
Dynamic Insights is the easiest-to-use analytics software for brick-and-mortar retail. We offer award winning business intelligence and retail analytics software that’s easy to use and completely customizable.