6 Best Retail Analytics Software to Unlock Data-Driven Success in 2024

The Best Retail Analytics Software & tools in 2024

1. Xenia

Starting with Xenia as one of the finest retail analytics software, the solution includes enough bells and whistles to allow businesses to engage in a variety of data operations.

Topping it all off is the ability to plan, and implement while maintaining an eye on everything from a single dashboard with the help of mobile-first retail analytics software. Xenia’s advanced analytics and reporting tools provide deeper insights for smarter operations.

The software can be used offline by retailers who are always on the go. It allows them to plan, deploy, and monitor retail jobs in all of their stores simultaneously and manage them appropriately. 

Furthermore, its powerful, feature-rich interface allows retailers to acquire an exhaustive overview of ongoing processes, even across several locations and units.

Key Features

Quick and Easy Setup

Start your journey with Xenia through a relatively easy setup process. Our platform is engineered with quick deployment in mind. This allows you to start operating immediately. 

Whether you are importing the existing data, customizing the templates, or configuring the settings, Xenia guarantees a smooth transition so you can focus on what matters mostᅳyour business.

Seamless Onboarding with Customizable Tools

Once the setup is finished, you start using Xenia per your custom requirements. You can either create your own retail store checklists and templates from scratch or choose from one of our editable downloadable templates that can be customized in a few seconds.

 With Xenia's AI-based SOP tool, you can generate an unlimited number of SOPs for different retail processes, which makes your operations efficient and easy.

Detailed Reporting

Once you have got a process in place, start using our reporting tools. Xenia’s mobile retail reporting feature gives instant access to data, analytics, and reporting tools, thus helping the management make the best time-driven decisions

As a result, your managers get a deeper understanding of consumer preferences, monitor sales performance, spot possibilities, and modify their retail tactics.

Real-Time Monitoring

With just their smartphones and tablets, managers can keep an eye on stock levels, generate replenishment orders, and get automated alerts when there is a shortage or stock out. 

By doing this, you can reduce the likelihood of stockouts or overstocking and maintain an overall adequate stock level.

Multi-Unit Project Management

You can expand your management by making your own retail store checklists and templates for easy retail process integration. Or, choose one of our readily editable templates and download it in a matter of seconds. 

Our software facilitates the collection and analysis of comprehensive data, enabling businesses to base decisions on operational insights. Businesses can simultaneously plan, implement, and oversee multi-unit retail projects by utilizing a unified methodology offered through our AIO software.

Better Team Communication and Collaboration

Throughout your monitoring journey, the ability to promptly communicate via chat, updates, announcements, and tasks - fosters teamwork and keeps your team in sync.

Xenia's comprehensive feature set can significantly enhance team productivity and, in turn, boost customer satisfaction—a critical factor in the retail industry.

Clear communication helps in translating complex data into actionable strategies that can be understood and implemented by all stakeholders, from store managers to executives. 

It also fosters collaboration between departments, ensuring that everyone is aligned with business goals and can respond quickly to market changes or customer needs

Mobile Accessibility for On-the-go Decisions

As retail managers keep on managing and monitoring, they can also make well-informed decisions while on the go by having real-time access to vital data and insights with mobile retail execution software. 

Whether you are interacting with employees, keeping an eye on sales figures, or verifying inventory levels, mobile solutions provide unparalleled accessibility and ease.

Pricing

• Free Forever: Free trial for up to 5 users
• Starter: $99 / month for 15 users
• Premium: $199 / month for 15 users with unlimited access to all the core features
• Custom: Need something tailored to your organization? 

Book a call to get your quote.

2. Looker

Looker, one of the top retail analytics and business intelligence software, is very popular among small and new businesses because of its transparency and ease of use. This tool has a predictable development method for data discovery, an API that allows additional data-driven sources, and an easy-to-use UI for data exploration. 

Looker Studio is a business intelligence branch that helps retail firms with streamlined data and real-time consumer approaches. Retailers are familiar with Looker from this role. With its numerous customizable interfaces, Looker Studio can generate reports, group reports, and visualization charts that are exclusive to dashboard owners and are tailored to the demands of the users. 

Key Features

• Intuitive Dashboards: By making it simple to generate engaging reports and interactive dashboards from a range of sources, Looker Studio helps you leverage the power of your data to make more informed business decisions.

• Numerous Data Points: With the help of more than 600 partner connectors, you can quickly and easily link almost any type of data without the need for any software or code.

• Report Templates: You can see your data in minutes with a wide selection of report templates. Incorporate your data sources and adjust the layout to suit your requirements.

Pricing

• Contact the vendor for pricing

3. Sisense

Leading retail analytics software provider Sisense specializes in embedded analytics to support organizations and retailers in executing product campaigns with the least amount of work. Additionally, with code-first, low-code, and no-code interfaces for business optimization and product-based strategies, this retail analytics platform can personalize experiences for tech and non-tech retailers. Customized analytics experiences can be easily and broadly integrated into your workflows and applications using Fusion Embed.

Key Features

• Actionable Intelligence: It's simple to integrate intelligence into your company's or product's workflows when you have access to strong AI-enhanced analytics. 

• Scalability: Make your analytics solution's creation, administration, and scaling simpler so you can concentrate on generating value.

• Conversational Analytics: Discover how to employ massive language models to give conversational analytics and how to combine GenAI and our Analytics Chatbot to provide easily navigable analytical insights.

Pricing

• Contact the vendor for pricing

4. Tableau

Tableau is a popular data visualization and retail analytics platform.The self-service data analytics program is user-friendly and facilitates the uploading of data onto cloud platforms. After that, it transforms the unprocessed data into meaningful insights.

Retailers can quickly see hidden patterns in their business and make data-driven decisions with the help of the interactive dashboard and visual analytics. By enabling more intelligent and better-informed decision-making, helps firms expand and foster innovation.

Key Features

• Einstein Copilot: Utilizing conversational prompts, creating computations and visualizations, and receiving suggested questions to get data exploration going.

• Tableau Pulse: Tableau Pulse revolutionizes the way individuals interact with their data, enabling all members of a company to center decisions on data.

• Data Governance: To expedite collaboration, and add context on data freshness, utilization, and significance within dashboards by leveraging Tableau's cataloging capabilities. 

Pricing

• Creator: $70/user/month
• Explorer: $35/user/month
• Viewer: $12/user/month

5. Supermetrics

Supermetrics is a sophisticated analytics and data integration tool that helps businesses consolidate their sales and marketing data from multiple platforms into a single, cohesive source. Supermetrics was first created to make the gathering and analysis of marketing data easier. Over time, it has expanded to support several industries, including retail. Supermetrics connects data from various sources, including CRM systems, Shopify, and Google Analytics, to deliver businesses complete insights that support data-driven decision-making to boost performance.

Retailers can track key performance indicators like inventory levels, customer behavior, and sales success, which helps them spot patterns and make wise decisions. The retail analytics platform's usefulness is further increased by its capacity to incorporate data from many sources into well-known analytics programs like Google Sheets, Data Studio, and Power BI.

Key Features

• Centralize All Your Data: Easily combine data from several marketing channels into one location for processing, storing, and analysis. A couple of clicks will do the trick.

• Data Modeling: Having access to up-to-date and pertinent data allows you to investigate techniques such as marketing mix modeling, attribution, and other approaches for extracting insights.

• Data Dashboards: Your organization's teams all require insights to help them make decisions. Create automatic dashboards to empower your teams and help them monitor their success.

Pricing

• Contact the vendor for pricing

6. SAS Retail Analytics

SAS Retail Analytics gives e-commerce companies access to real-time consumer data so they can better prepare for product demand.

Through the platform, users can use analytics to gain deeper insights and improve demand planning across their customers' journeys. With SAS Retail Analytics, you can display demand data to immediately spot trends in sales, pricing, shipments, promotions, and other important areas. You can also automate demand planning insights throughout your entire supply chain.

Key Features

• Merchandise Planning: Place the right items in the right stores when customers are ready to buy.

• Customer Insight: Acknowledge the unique demands of your clientele and when they require them. Additionally, make sure they understand.

• Supply Chain Analytics: Combine information from every department in your business, then optimize supply chain solutions.

Pricing

• Contact the vendor for pricing

Final Thoughts

To sum up, retail businesses can greatly benefit from the use of retail store analytics.It enhances overall operational efficiency, offers insightful information, and supports strategic decision-making. To take advantage of these advantages, selecting the appropriate data analytics technology is critical.

The ideal retail analytics software integrates seamlessly with your current company infrastructure and offers you thorough, actionable insights. And when it comes to a product with all of these attributes that are also simple to use and adjust, we would unquestionably suggest Xenia.

If shops want to use data to grow their business, Xenia is a great option.Try Xenia today and see the difference it can make.