Supply chains and various customer touch points are generating massive volumes of data for retailers. This, when coupled with digital customers and social media is leading to an explosion of data. Industrial retailers have a unique opportunity to analyze these huge bodies of data and draw meaningful conclusions which will help them enhance user experience as well as streamline several business processes. Big Data Analytics presents an amazing chance for enterprises in this industry to maximize their revenue and remain in the top tiers of competition. Big Data in the retail industry is set to grow at a CAGR of 39.78% for the period 2014 to 2019.
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