Introduction
One year ago, it was not the same as what it takes today to provide a good buying experience to shoppers. In fact, it changes every year. And this is happening because of constantly changing buyer demands and buying trends. Intuition doesn’t work here; it never has, and it never will. You will have to work on hard-core data, but how will you get that precious data? Thankfully, we have some powerful business intelligence tools that offer precious insights by collecting and processing sales data. These tools reduce the risk of human error. One thing you always need to keep in mind is that the best business intelligence software can be a real game-changer. With the right tool on your side, anticipating and predicting outcomes becomes a less daunting task, and you will be able to take the most appropriate action based on your insight by having a detailed action plan. The latest & best BI software supports combining data sources, doing code-free analysis, and more. In this blog, we are going to share with you the names of the top business intelligence tools for the retail industry.
How do I choose the right BI tool?
Though the BI reporting tool that we have chosen for retail in this list is just perfect to match your needs, You need to get a pulse on your business to understand the unique requirements you might have and then, accordingly, decide which software fits the bill for you. Here, we are going to share with you some wisdom on how to select the right tool. At the onset, you will have to ask some questions:
- What current programs do you have in your organization that this new BI software will have to integrate with?
- What customizations will you have to make?
- Will this new software tool provide scalability?
- Do I need a modular tool?
- Is it possible to define the role hierarchy with this tool?
It is quite possible that you already have some programs in place for your retail business. A couple of examples could be inventory tracking software and timesheet software. They too could have some sort of embedded analytics, so it becomes important that your new BI Software integrates well with these existing tools to give you a holistic look at the sales data.
WovVBI
WovVBI is retail analytics software that is designed to generate actionable insights from business data. It is a perfect package of business intelligence tools that generate and offer some great reports. This best business intelligence tool integrates data from multiple sources (it can integrate with more than 50 databases) to build interactive custom reports. With this tool, you get a set of 50+ pre-built reports along with a package of instant notifications, quick and easy set-up, a simplistic UI, user role management automation, and much more. These are some key features of the best BI cloud software in 2021:
- Create custom DIY reporting and pivots using a dedicated report builder.
- You can generate your desired reports in just a few clicks.
- These reports are industry-specific—shopping malls, stores, airport retail, and others. All key parameters are already defined for users.
- Reports are better represented with customizable charts. You get a way to deep-dive into the data with appealing visual charts.
- When you design reports and make them available across teams, you get complete flexibility in terms of layout.
- You can integrate data from multiple sources, like Yardi and Salesforce, to create intuitive, custom reports in this leading business intelligence solution.
- There is a feature for user role and profile management automation.
Conclusion
It may become challenging to pick up a retail analytics software tool. In such a situation, you will have to do a close analysis of your business’s needs. Some retail tools have the versatility that you might be looking for. With these retail analytics tools on your side, you can run countless retail analytics programs and push your company from ordinary growth to extraordinary growth.
