With ThoughtSpot, anyone can simply search to analyze billions of rows of data from any source - from online sales to social media conversations, inventory sales, and even in-store sensors - in seconds.
Merchandise Planners
Improve planning and optimize every store inch with instant access to sales and warehouse inventory levels across thousands of SKUs.
Brand Managers
Get instant answers about product, customer, and sales data to deliver personalized experiences across every channel.
Operations Managers
Maximize efficiency with instant access to store staffing data and hourly order volumes to improve employee productivity.
Pin-board wizards at TCC Wireless tilt to ThoughtSpot for data analytics
Read the articleWith ThoughtSpot’s custom text-based sentiment analysis function, written in Java and loaded to Snowflake with Snowflake Snowpark, you can get instant insights into the reviews and comments your customers leave online. Sentiment analysis enables retailers to get ahead of emerging trends and understand changes in their customers’ preferences. By combining Live Analytics from ThoughtSpot with text data in Snowflake and the ability to execute custom analytics code with Snowflake Snowpark, sentiment analysis is just a live query away.
Learn how leading merchandisers drive revenue with instant answers on all their data with search & AI-driven analytics.
Learn how innovative organizations are incorporating cloud technologies into their analytics strategies to get a 360 degree view of their customers and products.
See how ThoughtSpot Embrace lets you run queries directly in your Synapse cloud data warehouse to give you the most up-to-date insights.
Retail analytics is the process of analyzing data from a retail business in order to glean insights from patterns and trends to inform business decisions and drive actions. Retail analytics solves challenges like understanding what customers want, knowing what price points customers are willing to pay, matching inventory to demand, managing a supply chain, and more. It’s an incredibly helpful tool for all types of retail organizations, from the smallest to largest operations. Whether operating physical brick and mortar stores, an online presence, or both, both brand new businesses or centuries-old mainstays can leverage retail analytics to operate their business as effectively as possible.
Financial analytics is critical to a business, as it
informs and shapes the vast majority of business
functions. Done correctly, financial analytics not
only helps organizations control costs and operate
efficiently, Retail analytics is important because
it helps retailers make better business decisions.
It enables them to gain data-driven insights into
customer behaviors and preferences, product
performance, store operations, and more. By
leveraging retail analytics, businesses can build
customer loyalty and improve marketing campaigns to
drive sales growth.
Additionally, retail analytics can help retailers
analyze the effectiveness of their promotions,
determine the effectiveness of their store layouts,
and identify areas of improvement in customer
service. Retail analytics also helps retailers
optimize pricing and inventory levels to ensure they
are meeting customers’ needs with the right products
at the right prices. For example, with retail
analytics from ThoughtSpot, Canadian Tire, one of
the largest retailers in Canada, was able to boost
sales during the pandemic by 20% despite closing 40%
of their brick and mortar stores. Learn more
here
.
Popular retail analytics software features can help
retailers to make informed decisions and optimize
their operations. These features typically include
the ability to track customer behavior, analyze
sales performance, and generate data-driven
insights.. Through detailed real-time reporting,
businesses can gain insights into which items are
selling well and which ones need more attention.
They can also identify opportunities for promotional
activities, such as cross-selling, upselling, and
discounts. Additionally, retail analytics software
can offer insights into inventory management,
forecasting, and pricing strategies. Companies
beating their competition with retail analytics
software are doing so because they’ve picked a tool
that extends the value of this retail data and
insights to every business user, from merchandisers
to marketers to pricing specialists without
requiring extensive training or technical know-how.
insights created can also be pushed directly into
other applications, like marketing apps and CRM
systems, so insights can be operationalized at
scale.
ThoughtSpot offers a number of advantages when it
comes to retail analytics. It is designed to help
retailers uncover insights from their data quickly
and easily. Using ThoughtSpot, retailers can
directly connect to all their cloud data in their
cloud data platform and instantly make it accessible
for every kind of business user. Because ThoughtSpot
was architected from inception for cloud data
volumes, retailers can look at all their data
instead of aggregates, summaries, or cubes.
Users can answer questions on the fly, or build
interactive Liveboards to share collections of
insights with others. These Liveboards are
interactive, meaning whoever they are shared with
can also ask questions or drill down to the finest
level of detail needed.
ThoughtSpot also leverages AI, helping retailers
detect trends or anomalies in their data without
even needing to ask a question. This can help them
tap into unknown opportunities or avoid potential
obstacles that would otherwise remain undiscovered.
ThoughtSpot Team Edition is available at a flat $95
monthly subscription. You can easily sign up from
our Free Trial and pay using a credit card. Once you
subscribe, you will be billed $95/month until you
cancel.
For other product editions, ThoughtSpot uses a
consumption-based pricing model that lets you pay
for what you use. Your annual contract consists of a
base package that includes a set of credits that
lets you execute a certain number of queries against
a data source. You can purchase additional credits
as part of your contract if you need more.
No. Unlike other products, our pricing model uniquely lets an unlimited number of users access ThoughtSpot.
You are billed a flat $95 monthly fee for Team Edition. There is no annual subscription option for Team Edition. Other ThoughtSpot product editions are licensed via annual contracts.
Contact us and tell us what you need and we can help you find the right solution.