What distinguishes retail winners from retail losers?

According to a new study by Snowflake Computing and Harvard Business Review, companies that make data-driven decisions have the best chance for longevity.

Yet across industries, they found that only 5% of retail and CPG enterprises qualify as data-driven, half of the survey average (10%).

This stands in opposition to stated goals. The retail industry had the highest number (89%) that placed great importance on getting better insights into customer needs and expectations. Faster decision-making was also a priority (79%) as well as improving process and cost efficiency (68%).

What is holding retailers back? The biggest challenge cited was human in nature;

1. 44% said they lacked the digital and data analytic skills
   
2. 33% cited internal resistance to change
   
3. 29% blamed legacy processes
   

CEO Analytics can help you overcome all three obstacles:

1. We bring 60+ years of combined experience in data analytics, customer insights and digital skills. We will fill your skill-set gap quickly and effectively.
   
2. Our processes are low-touch, non-invasive, non-disruptive… we do not add work or stress to you or your staff.
   
3. And while we bring advanced techniques and new technologies, we have a combine 60 years of experience selling teams on how to integrate new and legacy ways.
   

CEO Analytics will unearth what your customers really love… and are eager to spend their money in. We will increase your retention, generate incremental sales and increase your revenues from 3% to 7%. Email us at info@ceo-bi-analytics or go to our site: www.ceo-bi-analytics.com

Nothing is more profitable than incremental sales from existing customers

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