Top Retail Analytics Solutions Companies
Analytics | Retail Tech Insights

Top 10 Retail Analytics Solutions Companies - 2023

In retail, success hinges on deciphering customer behavior, streamlining operations, and staying ahead of trends. Enter retail analytics – a transformative force reshaping traditional strategies and ushering businesses into new possibilities. It transforms raw data into actionable insights, unveiling complicated consumer behavior patterns.

Gone are the days of guesswork in inventory management. Retail analytics offers a data-driven approach to optimize stock levels, reducing instances of overstock or stockouts. Predictive analytics enables retailers to forecast demand accurately, streamlining supply chains and minimizing costs. This newfound efficiency translates into improved profit margins and a competitive edge.

According to Fortune Business Insights, the global retail analytics market size was valued at USD 6.59 billion in 2022 and is projected to grow from USD 7.56 billion in 2023 to USD 23.53 billion by 2030, exhibiting a CAGR of 17.6 percent during the forecast period.

In the age of information overload, generic marketing strategies fall short. Retail analytics empowers businesses to craft personalized campaigns that resonate with individual customers. Whether through targeted promotions, personalized recommendations, or loyalty programs, retailers can forge stronger connections with their audience, fostering brand loyalty and driving sales.

This edition of Retail Tech Insights delivers a bird’s-eye view of recent developments in the retail analytics arena and insights into how organizations can align with these trends and adopt new ways to replace outdated practices.

We have curated thought leadership articles from industry experts, including Rolando Aguillon, Global Sr. Director of Planning and S&OP at Sensormatic and Jeroen Faro, Head of Analytics at Holland & Barrett Benelux.

We also took a deep dive into market trends to narrow down the list of companies delivering robust retail analytics solutions. Equipped with innovative capabilities, companies like ActionLink help transform businesses at the cloverleaf of various disruptive technologies.

We hope this edition of Retail Tech Insights will help you identify and build the partnership you and your organization need to succeed.

    Top Retail Analytics Solutions Companies

    ActionLink
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    ActionLink is a data-driven company that provides strategic planning to every facet of a retail brand through its data infrastructure and modeling services. Equipped to handle various levels of retail management, it offers four core solutions that culminate in a well-integrated plan. ... read full profile
    Confiz
    Confiz’s expert retail tech consultants are committed to assisting businesses of all sizes in transforming their digital capabilities and staying ahead of the curve, with an established record of providing measurable results such as increased sales, lower costs, or unforgettable customer experiences.
    Domo
    Domo puts data to work for everybody so that their effect on the business may be multiplied. With user-friendly dashboards and applications, its cloud-native data experience platform goes beyond standard business intelligence and analytics, making data visible and actionable.
    Fractal Analytics
    Fractal Analytics is a leading provider of Artificial Intelligence to Fortune 500® enterprises. Fractal aims to power every human choice in the organization and to bring AI, engineering, and design to the world’s most renowned businesses.
    Pandio
    Pandio is the market leader in artificial intelligence orchestration. Pandio’s AI-driven infrastructure orchestrates data, models, and machine-learning tools seamlessly. Pandio is designed for and driven by artificial intelligence to address the difficulty of coordinating models, data, and tools over a dispersed network.
    Qlik
    Qlik is a worldwide leader in data integration, data quality, and analytics solutions, having recently acquired Talend. Its all-encompassing cloud platform combines data across cloud as well as hybrid environments, automates information pipelines and data-driven activities, and augments insights with artificial intelligence.
    RetailNext
    RetailNext is the global industry leader and specialist in brick-and-mortar retail analytics, providing real-time analytics that allows retailers and manufacturers to gather, analyze, and visualize in-store data.
    retsci
    retsci specializes in discovering ways that data may improve the efficiency and accuracy of your retail and supply chain processes. They assist customers in developing a business case for advanced analytics tools and projects by doing an in-depth analysis of the business’s issues and objectives, current processes, system setups, and data quality.
    Teradata
    At Teradata, they believe that greater information empowers people to succeed. Its best-in-class cloud analytics and data platform provides enterprises with the synchronized data and trusted AI/ML they require for confident decision-making, quicker innovation, and significant business results.
    x-hoppers
    Users may use X-hoppers to create QR codes for items or bespoke totems, which the X-hoppers system registers every time they are scanned. Use these QR tags as no-contact call points to notify sales associates and collect retail consumer data in-store – the ideal basis for implementing predictive analytics in any retail firm.
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