The digital age of data has dramatically transformed organizations by providing the insights that are necessary to confidently make decisions and take action. When applied, this is commonly referred to as Data Intelligence, and it comprises all types of data, from customers, purchases and consumers and from all sources including physical and digital activity aligned to a specific identity, which can then be linked to specific interactions. This digital resource can be used across marketing, merchandising and retail operations, as well as across other departments, to optimize the retailer’s plans and execution.
The extreme pressure on retailers to generate the necessary outcomes—whether from digital or physical advertising and merchandising investments—has created new opportunities for performance growth. For retail leaders, the value of data intelligence is in its ability to more directly align data and insights to processes like choosing store locations, optimizing in-person experiences within those locations to increase engagement, or addressing the business priorities of curating audiences and targeting interactions, all leading to optimal consumer experiences and growth of revenue.
