10 Best Retail Intelligence Software of 2024 (Updated)

Steve Bennett
Business Formation Expert  |   Fact Checked by Editorial Team
Last updated: 
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Retail Intelligence Software is one of the most important software you currently need. We know!

Today’s Retail Intelligence Softwares are incredibly versatile, and because of strong competition, have remained a relatively low-cost investment for most.

Currently, with dozens of options available for Retail Intelligence Software in the market – finding the right Retail Intelligence Software of 2024 can be tricky.

So we spent dozens of hours researching and testing everyone we could get my hands on.

Based on our experience with the apps, here are 10 Best Retail Intelligence Software. Click on any app to learn more about why we chose it, or keep reading for more context on Retail Intelligence Software.

What is Retail Intelligence Software?

Retail intelligence provides insights and advanced analytics to help stores increase revenue and operations. This software collects, organizes, and analyzes retail and e-commerce data from a variety of sources. internal software, such as e-commerce platforms, external e-commerce marketplaces, and third-party industry benchmarking data Integration parsing and scraping are used to retrieve the data. AI stands for artificial intelligence. For the following purposes, AI and machine learning (ML) are used to clean and analyze the data. market research and competitive intelligence Price optimization and brand protection Retailers who sell online, in-store, and through distribution networks utilize this type of software. Because of the enormous volume of products and transactions, it is most commonly employed in consumer packaged goods (CPG), but it can also be advantageous to other merchants. Retail intelligence software works in tandem with business intelligence software to let users dig deeper into data and develop customized visuals. A product must combine retail and e commerce from several sources to qualify for inclusion in the Retail Intelligence category. On a regular basis, update, cleanse, and validate the data. For sophisticated analytics, provide technology such as AI and machine learning. Monitor performance with customisable dashboards and reports. Create benchmarking for the industry and consumer behavior patterns.

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10 Best Retail Intelligence Software

1
Wiser Solutions

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Brand or retailer. Online or in-store. Wiser’s Commerce Execution Suite empowers brands and retailers with the intelligence needed to make decisions, from the store shelf to the product page. Use the Wiser platform to support a variety of use cases, from market awareness and price management to shelf intelligence and retail execution. Why is Wiser the trusted retail analytics provider of 100+ brands and retailers? With access to millions of websites globally, and over 750,000 in-store shoppers, Wiser’s near real-time intelligence provides multi-channel visibility to optimize sales and marketing efforts and grant clarity into the chaotic retail landscape. Wiser’s suite of products include: – Price Intelligence (actionable pricing data for retailers to make timely pricing decisions). – Price Optimization (powerful engine to perfect retailers’ pricing automation). – Reseller Intelligence (reseller intelligence to manage brands’ online presence). – Best Seller Intelligence (Amazon best seller insights by category and product). – Market Intelligence (eCommerce marketplace insights to inform decision-making). – Live Price Check (real-time marketplace data to understand competitive positioning). – Digital Shelf Intelligence (digital shelf visibility with advanced marketplace intelligence). – Retail Execution Management (field team and 3rd party retail execution workflow optimization). – Retail Intelligence (actionable insights into physical stores at scale).

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2
ContactPigeon

ContactPigeon is an award-winning omnichannel marketing automation platform that gives a solution to every retailer’s problem: How to send the right message, at the right time, with the right content to each visitor. It enables one-person-shops and enterprise retailers alike to benefit from the use of a Big Data platform, in order to easily create data-driven Automations and Personalized Campaigns that react to customer/visitor behaviors and catalog changes in seconds. That’s why ContactPigeon helps customers by addressing three major goals towards growing their sales: • Enriched customer insights: Collecting customer behavior data and building an enriched unified view of customers • Improved customer engagements: Trigger automated and predictive messages at the right moment within a customer’s journey for optimizing sales conversion and retention. • Multi-channel reach: Allow businesses to design engaging campaigns across a wide range of messaging channels (e.g. email, SMS, Viber, mobile, push notifications, website, Facebook, Google, postcards) within one platform. .

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3
Glew

Glew delivers multichannel business intelligence and analytics for ecommerce merchants, digital agencies, retailers and B2B sellers of all sizes. With 150+ integrations, Glew lets you see all your data in one place – and get meaningful insights to grow your business through beautiful visualizations, scheduled and automated reports, alerts and more. Built for a merchants of all sizes, we offer three different plans: Glew Starter – free forever and best for those just getting started with their business Glew Pro – for those with analytics experience looking to make better decisions with their data Glew Plus – for those who need custom reporting built specifically for their business .

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4
Numerator Insights

Numerator, formerly InfoScout and Market Track, is a market intelligence firm that brings together omnichannel marketing, merchandising and sales data to make pursuing new possibilities simple for brand, retail and agency clients. Owned by Vista Equity Partners, Numerator is uniquely able to link what people buy to the reasons and influences behind their purchases, combining the power of the InfoScout OmniPanel and the advertising, promotion, ecommerce pricing, and digital shelf messaging that influence the path to purchase. As America’s largest and most representative purchase panel, the InfoScout OmniPanel captures nearly 1 out of every 360 shopping trips made across the country. These shoppers also complete in-the-moment surveys to more fully explain the ‘why behind the buy.’ With more than 100 million brick-and-mortar and ecommerce receipts captured annually, Numerator has rapidly become a primary source of real-time, omnichannel behavioral insights for industry leaders such as Procter & Gamble, J&J, Chobani, Red Bull, Kroger, The Marketing Arm, and Samsung. For more information, please visit www.numerator.com. .

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5
Dataweave

DataWeave is a SaaS-based digital commerce enablement platform providing digital shelf analytics and dynamic pricing solutions for global consumer brands and retailers. The company’s digital commerce enablement and channel optimization platform enables global consumer brands and retailers to accelerate sales growth, expand market share and compete profitably at scale. With more and more digital channels launching, DataWeave’s customers leverage the company’s proprietary technology to gain superior performance measurement capabilities across each of their online channels that in turn help them in making smarter and faster decisions. The unique capabilities delivered through DataWeave’s platform provide customers with the right KPIs – including price competitiveness, content quality and benchmarking, product availability, promotion performance, search & media share of voice, rating and review analysis – on a real-time basis, driving increased sales and market share while empowering clients to compete profitably. The platform is language-agnostic which is critical in facilitating DataWeave to serve global accounts. .

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6
SPS Commerce Analytics

SPS Commerce Analytics empowers you with a single source of sell-through data so you can make faster, better decisions for your business. Forecast, plan and execute with precision to increase sales, optimize inventory and develop strategic relationships with buyers. With SPS Analytics, you gain access to the most comprehensive sell-through data and a suite of analytics tools designed by retail industry experts. Our team will help you gain immediate value from your solution and maximize your investment as you grow. .

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7
IntelligenceNode

Intelligence Node is a real-time, AI-driven retail price intelligence and competitive analytics platform that empowers businesses to drive product level profitability and grow margins using data-driven competitive insights. Our platform includes pricing & promotions, digital shelf analytics, assortment & availability, and brand protection solutions for retailers and brands. Our proprietary AI-driven algorithms yield 99% matching accuracy and deliver data intelligence about your products within the competitive landscape. Insights are delivered via SaaS portal or plug & play API formats, for quick-to-deploy integration. It is the platform of choice for hundreds of retailers and brands worldwide, including category leaders like Nestle, Prada, Lenovo, LIDL, Clos 19, SSense, and many others, feeding the growth of more than $600 billion in retail revenue globally Please visit www.IntelligenceNode.com and on Twitter @bigdataNODE. .

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What is the Best Retail Intelligence Software?

Here are our top picks for the Best Retail Intelligence Software to try this year.

How to Choose Best Retail Intelligence Software?

How to Choose Best Retail Intelligence Software? There are many things to consider when choosing the right retail intelligence software, from its price to its features. Getting the right data is critical to the health of your business, and the right software can make the process a lot easier. Here are a few things to consider: How will you use it? The answer to this question will vary depending on your business and the kind of data you need.

Data is king. Using it effectively can help you stay one step ahead of the competition, identify trends and analyze products and new markets. Fortunately, the market for business intelligence and analytics is growing rapidly. In fact, some analysts predict that the global market for business intelligence and analytics will exceed $33.3 billion by 2025. In addition, retailers can leverage the power of data analytics to better understand their customer bases and improve the customer experience.

The best retail intelligence software will provide you with the insight you need to outperform your competition. These insights can help you spot new markets and products that could help you compete against your competitors. In fact, the global business intelligence and analytics market is predicted to reach $33.3 billion by 2025. Regardless of your business’ needs, these tools can make all the difference in the success of your business. There are so many benefits to using business intelligence and analytics to make better decisions about your retail operations.

The best retail intelligence software is the one that helps you see the big picture. While there are many benefits to using such a tool, choosing the right software depends on your budget. For example, some software offers comprehensive reports sets while others focus on narrowing down your needs. In addition to that, it should also allow you to customize dashboards and data visualizations. This way, you can use data analysis to make better decisions for your business.

Wiser solutions, Inc. is a retail analytics software that combines data science and human validation. This software eliminates the need for point solutions and allows you to act on data that will help you grow your business. The company was formed by merging Mobee, which had previously offered a retail analytics solution. Wiser offers a comprehensive platform for retail and a variety of other industries. If you’re looking for a comprehensive solution, Wiser will be able to help you.

When choosing a retail intelligence solution, it’s important to find the one that provides a centralized environment where you can update data for everyone. This will allow you to distribute the dashboards to different departments, such as store managers. It will also allow you to analyze the data in real time, so that you can take action. While this might not be a suitable choice for every type of business, you should consider the company’s reputation and reviews.

Wiser offers a complete retail analytics platform. The company was founded after the merger of Mobee and Quad Analytix. Its goal is to provide actionable information to retailers. Its integrated platform eliminates the need for point solutions and helps brands act on data. Wiser is the all-in-one analytics platform for retail, which eliminates the need for multiple software products. The software is designed to help retailers act on data and take action on consumer preferences.

The right retail intelligence software will provide a competitive analysis study of your competitors and their products. By analyzing your competition, you can make informed decisions on where to focus your efforts. And you’ll get the necessary information to improve your product and your services. And if you’re a newcomer to retail, you can learn from your competitors by using competitor data. It will help you build an innovative product.

Once you’ve chosen a retail intelligence software, you’ll need to consider the features it offers. The best ones have features to help you analyze your competitors’ products, and they’re easy to use. A retail intelligence software platform should be customizable, and be easy to use. It will also have a comprehensive user interface. A good software will give you the tools you need to analyze the data and make informed decisions about your business.

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FAQ’s

What Is Retail Intelligence Software?

Retail intelligence software is a type of software that is used to monitor and analyze customer behavior in a retail environment. Retail intelligence software can track and analyze customer interactions with a company’s products and services, and also provide data on employee performance.

Are There Any Free Retail Intelligence Software?

Retailers are always in search of new ways to grow their business. One way is to use retail intelligence software to gain insight into their customers. This software will analyze data to find patterns and provide insight into what their customers want. Some of the software is free to use, but most have a monthly fee.

Is Retail Intelligence Software Easy To Learn?

Retail intelligence software is not easy to learn, but it is worth the investment. It is a great way to gain a competitive advantage over other retailers.

Is Retail Intelligence Software Worth It?

The retail industry is constantly evolving. With the introduction of the internet, retail stores are competing with online retailers. To stay competitive, retail companies must adapt to the needs of their customers. A new technology that is quickly becoming popular is retail intelligence software.

What Can Retail Intelligence Software Do?

Retail intelligence software is a collection of tools used by retailers to help them better understand their customers. It can be used to help retailers understand what their customers want, what their customers are buying, and what their customers are not buying.

How To Use Retail Intelligence Software Effectively?

Retail intelligence software is a powerful tool that can help you gain insight into your customers and your competitors. However, it is important to understand what the software can and cannot do for you.

I know you want to use Retail Intelligence Software, thus we made this list of best Retail Intelligence Software. We also wrote about how to learn Retail Intelligence Software and how to install Retail Intelligence Software. Recently we wrote how to uninstall Retail Intelligence Software for newbie users. Don’t forgot to check latest Retail Intelligence statistics of 2024.

Over the years, the retail industry has undergone significant transformations, driven by evolving consumer behaviors and the advent of technological advancements. Amidst increasing competition and a need to stay ahead of the curve, retailers are actively seeking innovative strategic solutions to optimize operations and enhance customer experiences. In this digital age, where data is king, the emergence of retail intelligence software has revolutionized the way retailers operate and make informed decisions.

One of the fundamental reasons why retail intelligence software holds such immense importance is its ability to gather and analyze extensive amounts of data instantly. By collecting real-time data from various sources, such as point-of-sale transactions, inventory levels, customer feedback, and social media sentiments, retailers gain valuable insights into consumer trends and preferences. Armed with this comprehensive understanding, retailers can make data-driven decisions to tailor their product offerings, sales strategies, and marketing efforts, ensuring enhanced customer satisfaction and loyalty.

Moreover, these smart software solutions power predictive analytics capabilities, enabling retailers to forecast consumer demand, optimize inventory management, and reduce stockouts or overstocking. By monitoring and analyzing historical sales figures and market trends, retail intelligence software can provide retailers with valuable information to guide their stocking strategies, improving operational efficiency and averting revenue losses. These predictive capabilities give retailers an edge, ensuring that the right products are available at the right time, enabling them to meet the needs of their discerning customers promptly.

In a highly competitive retail landscape, cultivating a personalized shopping experience has become paramount. This is where retail intelligence software comes to the fore, helping retailers engage individual customers in more meaningful ways. Harnessing the power of data insights, retailers can create customer segmentation profiles to deliver specifically targeted promotions, loyalty programs, and product recommendations. By tailoring these interactions to the preferences and buying behaviors of different customer segments, retailers can build stronger relationships with their customers, increasing customer satisfaction, and ultimately boosting sales.

Furthermore, retail intelligence software play a critical role in improving overall operational efficiency and reducing costs. By automating certain processes, streamlining workflows, and providing comprehensive analytics, these solutions alleviate the burden on retailers’ shoulders. Access to real-time data empowers decision-makers to identify operational bottlenecks and areas for improvement swiftly. Retailers can achieve better inventory management, optimize staffing, and refine supply chain logistics, ultimately resulting in cost savings and improved profitability.

In the age of e-commerce dominance, physical stores are under tremendous pressure to adapt and evolve. Retail intelligence software can bridge the gap between online and in-store experiences. With the ability to capture and integrate online and offline data seamlessly, establishing a holistic view of a customer’s purchasing journey, these software solutions help retailers enhance shopping experiences across all touchpoints. By gaining insights into cross-channel behaviors, retailers can create a consistent and personalized experience for shoppers, maximizing customer lifetime value and brand loyalty.

In conclusion, retail intelligence software has emerged as a game-changer by revolutionizing the way retailers operate, make strategic decisions, and engage with their customers. By leveraging cutting-edge technology and harnessing the power of data, these solutions provide retailers with the insights needed to stay competitive in a fast-paced and ever-changing market. In an industry becoming increasingly complex, excelling in customer satisfaction, operational efficiency, and profitability would be nearly impossible without retail intelligence software. Retailers looking to prevail in this digital age must harness the power of these intelligent tools and make them an integral part of their organizational strategies.

Why Retail Intelligence Software Are So Important

One vital tool that has emerged as a game-changer for retailers is retail intelligence software. These robust solutions provide retailers with invaluable insights and analytics that empower them to make data-driven decisions, optimize operations, and enhance the overall customer experience. With the explosion of online shopping and digital technologies, retailers must leverage intelligence software to remain relevant and competitive in the market.

One of the key reasons why retail intelligence software are so important is their ability to gather and analyze vast amounts of data in real-time. By harnessing the power of data analytics, retailers can gain a deeper understanding of consumer behavior, preferences, and trends. This valuable information allows retailers to tailor their marketing strategies, product assortments, and pricing strategies to meet the evolving needs of their customers.

Furthermore, retail intelligence software can provide retailers with actionable insights that can drive sales and boost profitability. For instance, retailers can use these solutions to identify opportunities to upsell and cross-sell products, optimize inventory levels, and enhance the effectiveness of their promotions. By leveraging the intelligence provided by these software solutions, retailers can make informed decisions that result in increased sales and improved bottom-line performance.

Moreover, retail intelligence software can help retailers enhance the overall customer experience. By leveraging data analytics, retailers can gain a better understanding of their customers’ preferences, purchase history, and shopping behavior. Armed with this knowledge, retailers can personalize their interactions with customers, deliver targeted marketing messages, and create seamless omnichannel experiences that drive loyalty and repeat business.

Additionally, retail intelligence software can help retailers stay competitive in a rapidly changing marketplace. With the rise of e-commerce giants like Amazon and the growing trend of online shopping, retailers must leverage intelligence software to gain a competitive edge. By utilizing these solutions to optimize pricing strategies, streamline operations, and enhance the overall customer experience, retailers can differentiate themselves from the competition and build a loyal customer base.

In conclusion, retail intelligence software are essential tools for retailers looking to thrive in today’s hypercompetitive marketplace. By harnessing the power of data analytics, retailers can gain valuable insights that drive sales, boost profitability, and enhance the overall customer experience. In a rapidly evolving retail landscape, where data is king, retailers who fail to adopt intelligence software risk falling behind their competitors and jeopardizing their long-term success.

In Conclusion

Choosing the best Retail Intelligence Software is not a difficult task when you have all the details and requirements. Most of the above-mentioned Retail Intelligence Software have impressive and user-friendly features.

Now, it is up to you which software you’d pick up that meets your requirements.

Consider the effectiveness and efficiency of each Retail Intelligence Software, including the features and capabilities. You must also evaluate your objectives, required functions, and budget before choosing the right Retail Intelligence Software of 2024. See which will give a great deal.

If you still have questions about choosing the best Retail Intelligence Software, leave a comment below. I’d love to assist you.

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