In this whitepaper, we will discuss the need for retailers to become increasingly data-informed and the ways in which data helps in their Retail Transformation journey.
Over the past several years, the COVID-19 pandemic has decreased client traffic in the retail sector across a number of nations and plunged many enterprises into operational complexity. This has compelled the retail sector to change and reconsider its digital business methods.
Retailers are considering their best course of action in light of this recent move. They are interested in learning how they may leverage technology to develop novel business models and increase income. Statista estimates that more than two billion people made internet purchases in 2020, and that number has been gradually increasing ever since. The rivalry has grown fiercer as a result of the enormous increase in internet customers. Businesses are using new technologies to strengthen their connections with their target consumer in order to thrive in this cutthroat industry.
