Applications
1010data delivers a flexible platform capable of addressing many different retailer application areas. Following is a sampling of just some of the application possibilties.
- Market Basket Analysis
- Retailers utilize the power and scalability of the 1010data platform to analyze the large volumes of market basket data to better understand how their customers and products relate to one another. Important market basket analytics include:
- Basket Drivers
- Balance of Basket Detail by Item
- Product/Department/Category Affinities
- Basket-size analysis
- Assortment rationalization
- Demand cannibalization
- Merchandising Analysis
- Intelligent retailers know that the ultimate mix of merchandise on the floor and in inventory is a difficult balance to achieve. To accomplish this, retailers require high-performance solutions to analyze transaction-level point-of-sale (POS) data and to gain visibility that drives sales.
- Pricing trends of items over time
- Promotional effectiveness
- Private label performance
- Product and category comparisons
- Planogram efficiency and effectiveness
- Vendor scorecards
- Operational Analysis
- For day-to-day operational decisions, 1010data's analytical data warehouse allows for real-time decisions that affect an organization and its profitability. From staffing optimization to loss prevention, 1010data's flexible system is architected to provide critical insights immediately.
- Transaction margin analysis
- Store traffic and labor management
- Tender type analysis
- Employee efficiency analysis
- Loss prevention analysis and protection
- Store-to-store comparisons
- Customer Analysis
- One of the most challenging areas of measurement for a retailer is the customer dimension. The volume of data represented by the large numbers of customers and their intricate detail makes it very difficult to analyze effectively. Yet, a tremendous opportunity awaits those that will master an undertanding of who their best customers are and how they respond. 1010data makes this possible.
- Customer loyalty and retention
- Targeted markeing campaign development
- Marketing and advertising effectiveness
- Buying behaviors for customer segmentations
- Share-of-wallet analysis