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Webinar Recap | Making Big Data Actionable: Leveraging Predictive Analytics to Thrive in the Retail Renaissance

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First Insight Founder and CEO, Greg Petro and Joanne Sackett, President of Beauty, Sports, Apparel, Footwear, Accessories & Luxury of NPD Group discuss how retailers are thriving in the Retail Renaissance by leveraging predictive data.

Highlights from the Webinar Session

Q: Retail has been constantly evolving for the past decade. What are some of the biggest opportunities for retailers and brands looking to leverage data to keep up with change?

Q: Are there particular functions or segments within retail that are more ripe than others for this type of opportunity?

 

Q: It requires a major paradigm shift to create a data-driven culture. What’s your advice for getting started? what are successful companies doing to drive adoption of analytics tools

 

Q: Where’s all this headed in the future? We talk about Big Data now, but won’t it be even bigger in the future? How will we all make sense of that?

 

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Topics: predictive analytics, voice of the customer, Wholesale, Wholesaler, Inform Design Decisions, New Product Success Rates, Set Entry Price Points, Reduce Markdowns, Big Data

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