After a what’s turning out to be a record year, it’s onwards and upwards to see what the future holds for retail analytics.
This month, many of you will be attending your first in-person conferences in more than a year and a half. If we don’t see you there, say hi to everyone and have fun learning new things.
Or, even better, have fun unlearning a thing or two.
And, if you don’t know what we mean, be sure check out the video below about how to learn something new that you thought you already knew.
FOOT TRAFFIC INDEX
Here’s a look at last week’s foot traffic compared to the same time last year.
FOOT TRAFFIC TRENDS
Industry insights so you can convert your foot traffic into more sales.
What’s new with Doorcounts
BrandSource: Next week Doorcounts will be attending the Brandsource National Buying convention in Nashville Tennessee on August 23-24th.
We look forward to showing everyone how to turn your foot traffic into more sales with as little as three clicks.
If any of you will be attending or are near Nashville, we would love to see you in person!
DC User Interface update: This Thursday we will be releasing our highly-anticipated dashboard refresh. You will now be able to see in-depth reports about your store(s) on one convent and powerful page.
In addition to the new dashboard, the update includes other new features and enhancements, including but not limited to:
Daily Sales Process – You can now enter sales/customer information into floorboard at a later date. This can be done through API, an excel upload, or a manual entry.
- CRM – increased speed and reduced load time.
- Scheduled actions – Filter scheduled actions and the action calendar by location or salesperson.
We look forward to showing you everything we planned for the future!
It’s no surprise that we at Doorcounts are big fans of retail analytics. And as it turns out, we are not the only ones.
A recent report found that the worldwide retail analytics industry is expected to reach $23.8 billion by 2027. The major jump in market size is mostly driven by retailers growing adoption of new technologies such as AI and retail clouds that help better predict what is to come in the retail industry.
In 2020, the software segment accounted for the largest share of the market with many retailers starting to utilize retail software to follow up with every customer and better understand the customer experience.
If you are already a Doorcounts customer, then it is more likely than not that you understand the power of using analytics to make better business decisions.
If you are not a Doorcounts customer and are looking to learn more, hop on a quick demo to see why you need Doorcounts in your business.
Cognitive bias and the “Backwards Brain Bicycle”
Check out this video from Smarter Every Day about the “Backwards Brain Bicycle” and how our brains work when we have to relearn something we think we already know.
It’s especially meaningful, given the speed of change businesses are experiencing due to the convergence of technology and its impact on human potential.
When something is easy, people say it’s like riding a bike. For some people, learning to ride a bike was not easy, but once they learned how to ride a bike the saying applied.
That’s until things change and you must unlearn something familiar and relearn something new.
This is where cognitive bias kicks in…
According to verywellmind.com, “A cognitive bias is a systematic error in thinking that occurs when people are processing and interpreting information in the world around them, and it affects the decisions and judgments that they make.”
Read the entire article on our blog.
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