"Big data analytics" and "actionable insights" are two phrases one is likely to encounter when reading an article packed with laudatory comments regarding information analysis. <\/p>\n
Misrepresenting sophistication <\/strong> For broad-stroke analytics endeavors, the kind that involve a merchandising<\/a> outfit transforming its operations to achieve strategic growth, careful planning and organization is needed. IEDP noted the conclusions of Galit Shmuéli, a professor at the Indian School of Business who maintained executives shouldn't expect to encounter flawless processes<\/a>. <\/p>\n "The Internet is filled with a lot of emotional people, and there are many who use social media platforms to express those feelings," said Shmuéli, as quoted by the source. "Managerial support must extend to allowing failures, as long as they result in lessons learnt."<\/p>\n Of incredible value <\/strong> One of the main reasons why such technology is being valued so highly is because cybercrime and other forms of theft have become more prevalent in the industry. It is believed data analysis will reveal ways in which such deviant behavior can be deterred. <\/p>\n","protected":false},"excerpt":{"rendered":" “Big data analytics” and “actionable insights” are two phrases one is likely to encounter when reading an article packed with laudatory comments regarding information analysis. Continue reading
\nTheir prevalence has caused many business professionals to write the technology off as just another piece of software supported by ambiguous buzzwords. Such articles discredit the value in using retail analytics<\/a>, when in fact such technology supports the following trends:<\/p>\n\n
\nMerchants are recognizing the success of retail customer intelligence<\/a> deployments and other such solutions. According to a report conducted by MarketsandMarkets, the retail analytics market is anticipated to increase from $1.88 billion in 2014 to $4.4 billion by 2019<\/a>.<\/p>\n