Feature of retail

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Future Of Retail
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(No Transcript)
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• The retail worldwhich has a persistent need to
  be in sync with trends and timinghas never been
  a place for stagnation. Add digital disruption,
  new business models, world-wide pandemic, and
  increasing consumer expectations to the mix
  sustained profitable growth becomes even more
  elusive and challenging. With such a vast digital
  expansion, retailers must begin to find distinct
  ways to set themselves apart within the
  ever-growing digital landscape. Billions upon
  billions of dollars are spent by companies
  working to remain effective, which means retail
  leaders are now looking deeper into retail
  analytics for guidance, insight, and direction.

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• So, what are Retail Analytics and how can they
  be valuable? The term Retail Analytics points
  to the processes and techniques used with
  collecting, discovering, and analyzing your
  retail data for strategic and valuable consumer
  insights. Data such as foot-traffic and inventory
  levels help you map out the customer journey and
  provide details about your customers which can
  present an opportunity for retailers to better
  understand them and their CX (customer
  experience).
• Thus, providing alternative avenues for marketing
  and strategies to effectively raise brand
  awareness, move more product, or help businesses
  curate more compelling offers and incentives.

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• The opportunities to give your customers a
  personalized experience have now become the next
  level in retail marketing and its far more than
  just a simple strategy, its the survival
  mechanism that is every retail business reality
  today. This reality of personalization is
  critical. Here at FiO we have been leading the
  way in personalization and have taken things to
  the next level with Hyper-Personalization. You
  can read more about that from our previous blog
  Hyper-Personalization Just Got Real.

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• FiOs Future of Retail solutions help retailers
  across all sectors, from luxury and apparel,
  grocery, retail banking, and more, to develop and
  implement customized strategies that address
  todays challenges and tomorrows opportunities.
  FiO will help you understand your businesses CX
  with a higher level of retail customer
  experience, by delivering HyperPersonalization,
  Prescriptive Analysis, and Closed Looped
  Integration The New Competitive Arena for
  Retailers.

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That is exactly what FiOs CDP and Intelligent
Customer Relationship Suite are designed to do.

• A recent Forresters study described how
  leveraging data-driven insights and taking an
  outside-in approach can help retailers
  differentiate from their competition and deliver
  personalized experiences that build lasting
  customer relationships. By working towards
  eliminating customer churn and giving yourself
  opportunities to develop deeper connections with
  your consumers, it will provide multiple
  opportunities to increase your brand awareness
  and reach within your already established base.
  In todays climate with looming threats of a
  pandemic and consumer behavior being altered at
  an alarming rate this data is vitally important.
  Some studies show that 90 of corporate
  strategies will explicitly mention information as
  a critical enterprise asset and analytics as an
  essential competency by 2021.

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• Its not enough to just gather data without
  having the tools and support to gain meaningful
  insights. Long gone are the days where you can
  throw up a 40 off sign next to your competitors
  30 advertisement and steal their customers.
  Todays consumers are all about themselves and
  want to be treated like number one. This speaks
  volumes to personalization and the next level of
  FiOs Hyper-Personalization. Retailers must
  become much more strategic and intentional about
  capturing key points of data that directly affect
  the CX and turn that into meaningful and valuable
  transactions. Read more about feature of retail
  visit https//www.groupfio.com/future-of-retail/