The modern day in retail is a massive flow of information. Every transaction, receipt, movement of goods, etc., is a constant, continuous data generation. This data is the main subject of business intelligence, but it should be done with the correct use of numbers.

Just imagine: an average chain of stores can generate up to 2 million receipts daily! And add to that tens of thousands of products sold, hundreds of thousands of movements and orders. Each element carries valuable information that can help optimize assortment, improve logistics, increase sales, and increase customer loyalty.

This data's value and volume will steadily increase as technology and the retail industry evolve. So, several questions arise: How can we cope with this amount of information? How do we use valuable insights from it? How do we turn data into concrete actions guaranteed to lead to business growth?

Understanding the needs of retailers and knowing the answer to these questions, the Datawiz team is pleased to present a unique opportunity for everyone who wants to take their business to the next level. Meet the free demo version of Datawiz BI.

Datawiz BI - a tool: benefits and importance for retail

Datawiz Business Intelligence is a BI tool for business intelligence specially designed for retail needs. The solution can process vast amounts of data, making it understandable for business owners, top managers, or business analysts. With Datawiz, you can quickly analyze sales, the effectiveness of promotions, optimize inventory, etc. In general, to close all processes in the retail sector.

It is important to note that the service is a tool for analytics and a reliable and essential partner in making crucial business decisions. Considering chains' needs, our team has combined robust data analysis automation algorithms, an intuitive interface, and advanced machine learning technologies in BI. Why is it so important? Fast, accurate, and actionable insights will help your network stay one step ahead of the competition.

Datawiz BI demo: insights and automation

You will get 14 work days with test data during the demo period. Unlike general BI systems that require a long time to customize to the specifics of retail, Datawiz BI is ready to go immediately: we have prepared reports that cover all your business's critical aspects. During the trial period, we offer a selection of reports to help you find insights:

• "Store Sales" is designed to evaluate each store's performance and the whole chain.
• "Product Sales" allows you to perform ABC and XYZ analyses.
• "Promotions analysis" displays the leading indicators of the chain's promotional activity.
• "Control of balances" contains a list of products that continue to be sold with zero balances.
• "Lost sales" allows you to identify problematic products with no or low sales. 
• "OoS Forecast" contains data on products that are about to run out of stock and need to be ordered soon.
• "Products for withdrawal" recommends withdrawing products from the assortment that are not sold (or are sold in minimal quantities) to unfreeze funds.
• "Sales plans" are designed to analyze the implementation of plans for key sales indicators.
• "Goods for re-accounting" contains SKUs with stable sales dynamics that have not been sold for at least three consecutive days but have always been in stock.
• "Loyalty Program Statistics" allows you to analyze and segment customers depending on their shopping carts.

Visualization tools and BI dashboards

Datawiz BI is more than just reports. It's a service that allows you to create your dashboards. Imagine making the kind of data visualization that best suits your needs and then easily sharing it with your colleagues for effective collaboration. With the demo, you can try out these features for yourself. As with reports, we have prepared ready-made templates of pre-configured dashboards for the trial period:

• Key Network KPIs. The dashboard provides an overview of key performance indicators for the entire network. You can quickly assess total sales, profit, average receipts, and other essential metrics.
• Store performance.Here, you will find a comparative analysis of the performance of different stores in your chain. This allows you to identify both leaders and outsiders quickly.
• Category analysis. The dashboard focuses on the performance of different product categories, helping you optimize assortment and pricing.
• Marketing.The dashboard for evaluating the effectiveness of marketing campaigns and promotions, including loyalty program analysis.
• Cooperation with suppliers. The dashboard helps to evaluate the effectiveness of working with different suppliers, including analysis of deliveries, prices, and product quality.
   

However, Datawiz BI is not limited to ready-made templates. You have the opportunity to create dashboards that meet your needs with the help of multi-level customization (different types of visualizations (graphs, charts, tables), color settings) and "Drill-down" functionality (the ability to "dive" into the data, moving from general indicators to more detailed information).

One of the critical advantages of Datawiz BI is its focus on retail. All functions and reports are designed with the industry in mind, so you don't have to spend time customizing the service to your needs. The Business Intelligence solution is ready to go from day one.

Speed is another strong point of Datawiz BI. The service can process about 2 million receipts daily, providing you with access to up-to-date information in real-time. This means that you will always have fresh data to make crucial decisions. In addition, our team pays special attention to user experience to make the analysis process simple and efficient.

Unlike other best-of-breed BI systems, we don't charge extra to increase the number of users, giving you the flexibility and resource savings you need as your network grows.

And you'll always have ongoing support if you run into problems. Our support managers have experienced professionals who are familiar with retail processes. The team conducts complete onboarding in BI tools, assists in integration, and quickly processes requests through the support chat on the service.

Benefits of Business Intelligence

Our customers have already experienced the benefits of using Datawiz BI. They report impressive results: a 13% reduction in out-of-stocks, a 15% reduction in overstocks, and an 11.2% increase in sales. These numbers speak for themselves. In addition, we bring successful customer cases to your attention.

Sign up for a free demo and discover new opportunities for your business. Within 14 days, you can explore the system's functionality, work with test data, and evaluate how Datawiz BI can transform your approach to data analysis. Your data is our answer.