2Tap Into Dark Data Assets In-Store
By connecting previously unused (or “dark”) data assets from sources such as video surveillance cameras, social media, the Internet and customers’ mobile signals to traditional retail data sets (such as transaction histories), retailers can begin to predict new trends and empower employees to improve profitability. For example, real-time analysis of shopper traffic in the store can help retailers better position their employees and deliver faster customer service.
3Trade Value for Information
Most shoppers are willing to share personal information in exchange for better, more personal service. According to recent Cisco customer research, about half (49 percent) of online shoppers are comfortable with retailers collecting personal information in exchange for more personalized recommendations and customer service.
4Offer More Personalized Service
When customers freely share data about personal interests and needs with trusted brands, retailers can use the data to generate recommendations both online and in the physical store, leading to larger baskets and more revenue overall. In fact, Cisco customer research indicates that two-thirds of global consumers are comfortable receiving retail advice based on their location through their mobile device.
5Identify Events That Impact Customer Demand
Predicting what customers want when they want it is becoming easier through real-time pairing of data. One example: pairing weather forecasts with real-time promotion and in-store merchandising. Is it a wet, humid day? There will be shopper interest, for instance, in certain types of hair care products.
6Bring Wish Lists Online and In-Store
7On-Demand Expert Advice
Most shoppers today regularly research products online before walking into a store. And whether online or in the store, they’re eager to speak with bona fide experts—the individuals who not only know what’s new, but how to use it, wear it and put it together. Brands that offer easy, one-click access to experts online via instant messaging or video chat—or in the store through mobile phones or interactive screens—can provide enhanced services to draw in customers and win customer loyalty.
8Drive Higher Levels of Stock Availability
9Make Your Supply Chain Transparent
10Ease the Check-Out Process
It’s no surprise: Store-stressed consumers increasingly prefer the calm of at-home Internet shopping. Checkout waiting is a big part of in-store frustration. Leading retailers are looking to implement more options across more channels, including self-service checkout, mobile payments and in-store online shopping that delivers items to the home. In fact, according to a Cisco customer experience report, 52 percent of buyers prefer self-service stations for faster checkout lines.
11Maximize Your Manpower Through Connectivity
Employees can access and share best practices, operational alerts and develop smart training and development tools from their mobile device, while giving managers new insights into efficient ways to allocate sales personnel to drive profits. In addition, employees can provide real-time feedback on product and promotion performance, leading to improved advertising, marketing and revenue.