Data challenges in the retail and wholesale industry
What forecasting techniques do you currently use for predicting demand in your wholesale or retail business? If historical sales data is mostly what you use, you can be one step ahead of your competitors. As demand becomes more complex, traditional approaches to forecasting demand, like “rule of thumb” and “gut feeling”, usually lead to increased inventory and may not help improve sales.
You might have already tried to implement data analytics strategy trying to improve your customer-centric approach, but connecting and cleansing the data you have gathered is what aches most. The need of high-quality data in your business is crucial because it helps reduce mistakes and minimize costs associated with superfluous and incorrect data, one example being failed delivery attempts.
Problems when using different solutions
For you to excel and get the desired results from your big data strategies, you’ll need to think of a solid data warehouse infrastructure, data sources and analytics to handle huge volumes of data from an ever-growing market. Retail and wholesale environment is constantly changing as suppliers introduce new products, customers alter their behavior, weather patterns impact shoppers and demand etc. Your data warehouse platform must be able to provide you and your team with real-time data streaming, so you can promptly change your business strategy as information comes in.
But with traditional data warehouse solutions, your data-driven initiatives are over before they even begin. As they’re complex, expensive, non-scalable and outdated, you and your team will need constant experts’ interventions in case you decide you use them. You will also need to integrate different products for your data integration, preparation and analytics, visualization, BI and Machine Learning.
How SlicingDice empower the retail and wholesale industry
You don’t have to go through all these struggles just so you can move towards your data-driven goal in retail and wholesale. The All-in-One Data Warehouse, provided by SlicingDice is a totally serveless, fully-managed solution with no unpleasant surprises nor hidden things for you to worry about. You’re able to power on, in a single day, an All-in-One data solution that provides ETL, DW, BI and ML, without worrying about integrating and paying for different tools, infrastructure nor setting up servers.
With a scalable storage infrastructure and a high-capacity data warehouse due to its unique compressing methods, SlicingDice provides retailers and wholesalers with real-time information and predictive analytics, so they be better informed to act and plan according to their market, increasing efficiency and effectively saving money.
Very user-friendly business intelligence
Combine our robust data visualization module with our visual click-and-drag BI module for a user-friendly but deep analysis.
Real time streaming and visualization
Stream data and analyze it in real time. Perform queries and see dashboards updated as fast as you need.
Don’t worry about integration, maintenance, backups, sharding, partitioning or any configuration. Focus on leveraging your sales.
Predict maintenance, client consumption and even fraud with advanced Analytics. Refine predictive model with constant use.