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Enable Business Transformation with AI Driven Retail Insights

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Make your business future-ready by understanding your data

Leverage an analytics-driven platform to analyse your product and sales data, empowering you to make data-informed decisions and maintain a competitive edge over your rivals.

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OttixHow is a robust, integrated retail analytics SaaS platform owned by Orbio that analyses your products and helps to predict customer demands. It enables you to utilize current trends, pricing models, and insights from your competitor’s and sales data to maximize your revenue and profitability in the ever-evolving global market. Using AI enabled technology, the platform quickly identifies the most suitable competitor from any marketplace or website.

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Welcome to our blog on sales analysis! In this post, we’ll delve into the world of sales data and explore how businesses can leverage it to gain valuable insights, identify growth opportunities, and boost their bottom line. Whether you’re a seasoned sales professional or just getting started in the world of sales, understanding the power of sales analysis can take your performance to new heights. So, let’s dive in and learn how to make data-driven decisions that lead to sales success!

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In the world of economic indicators, the Retail Price Index (RPI) and the Consumer Price Index (CPI) stand as vital barometers, capturing essential information about inflation, cost of living, and overall economic health. These indices play a pivotal role in informing policymakers, businesses, and individuals, shaping financial decisions and policies. In this comprehensive blog, we will explore the intricacies of the Retail Price Index and Consumer Price Index, from their calculation methodologies to their multifaceted uses in economic analysis.

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Sales analysis and competitor price index are two powerful tools that businesses can use to grow their business. By understanding their own sales data and the prices of their competitors, businesses can make informed decisions about their products, marketing, and pricing.

Sales analysis typically involves the following steps:

Data collection

Data cleaning and organization

Key performance indicators

Sales trends and patterns

Product Analysis

Customer Analysis

Market Analysis

Sales channels

Sales forecasting

Visualization and reporting

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https://ottixhow.com/unveiling-customer-insights-market-basket-analysis/

In the fast-paced world of retail and e-commerce, understanding customer behaviour is vital to staying ahead of the competition. Retailers strive to optimize their product offerings, promotions, and marketing strategies to increase revenue and customer satisfaction. One powerful technique that aids in this endeavour is Market Basket Analysis, which can uncover valuable insights into customers’ purchasing patterns, cannibalization, and the halo effect.

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Competitor Sales Analysis Tool | Sales Analysis Platform | Ottixhow

Uncover valuable insights by exploring the connections between products or items that customers frequently purchase together. OttixHow’s advanced data analysis techniques allow you to identify meaningful associations and patterns within transactional data. By understanding these relationships, you can strategically enhance product placement and promotions, leading to increased sales and customer satisfaction. Additionally, our solution empowers you to optimize inventory management, ensuring that you always have the right products in stock to meet customer demand. Moreover, by delving into the occurrence of item sets (combinations of products), you can gain a deeper understanding of customer preferences and behavior. Our algorithms accurately determine the support and confidence of each association, providing you with actionable information to drive targeted marketing campaigns and further enhance customer engagement.

https://ottixhow.com/sales-analysis/

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OttixHow our team of experts specializes in delivering robust sales analysis solutions tailored to suit your unique business requirements. OttixHow is a robust, integrated retail analytics SaaS platform owned by Orbio that analyses your products and helps to predict customer demands.

AI powered automatic product mapping

Real-time & historical price

tracking Intuitive heat map & visualization

Predictive analysis Seamless reports

integration Data import & export

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Competitor Sales Analysis Tool | Sales Analysis Platform | Ottixhow

We place great emphasis on recognizing the significance of sales analysis in propelling business growth and maximizing profitability. Through conducting comprehensive sales analysis, you can unveil opportunities for enhancement, gain a profound understanding of customer preferences, and optimize your sales strategies accordingly. At OttixHow, our team of experts specializes in delivering robust sales analysis solutions tailored to suit your unique business requirements.

By accurately examining sales metrics, market dynamics, and customer behavior, we facilitate the discovery of valuable insights that have the potential to drive revenue growth. By identifying areas of strength as well as areas that require attention, you can make informed decisions grounded in data to elevate your sales performance. Seize a competitive advantage by harnessing the power of OttixHow’s sales analysis expertise.

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Competitor Price Tracking Tool | Ottixhow Pricing Solutions for Your Business

OttixHow is a robust, integrated retail analytics SaaS platform owned by Orbio that analyses your products and helps to predict customer demands. Orbio Solutions is one of the leading technology solution providers from India with Clients around the Globe. It’s scalable and innovative technology solutions, combined with insights from the robust data analytics allow businesses to gain a competitive edge and deliver exciting user experiences that help them fuel their growth. Orbio handhold their customers in a variety of business processes and requirements exclusively tailor made for them. Orbio solutions deals with Machine Learning & Artificial Intelligence that includes Technological Implementations such as Enterprises Application Services, Technology Consulting, Data Intelligence, Quality Engineering etc.

Enterprises Application Services

Technology Consulting

Data Intelligence

Quality Engineering

Competitor Price Tracking Tool | Ottixhow Pricing Solutions for Your Business

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Competitor Price Tracking Tool | Ottixhow Pricing Solutions for Your Business

Data import & export

Utilize the data in any desired location by conveniently exporting or importing the data as needed

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AI-powered automatic product mapping streamlines and automates the process of categorizing and organizing products efficiently.

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Enable Business Transformation with AI Driven Retail Insights

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Stay ahead of the competition by gaining valuable insights into their historical price fluctuations. It is crucial to stay informed about your competitors, especially when they are running promotional offers. By analyzing their historical pricing data, you can identify optimal price points, understand price elasticity, and uncover potential gaps or opportunities in the market.Monitoring historical prices offers businesses and individuals a deeper understanding of market dynamics. It enables them to identify pricing trends, make well-informed decisions regarding pricing strategies, product positioning, and maintain competitiveness in the market. By examining historical data, businesses can gain insights into factors like seasonal fluctuations, changes in demand, competitive pricing, and the impact of promotions or discounts.Furthermore, analyzing historical prices allows you to evaluate the effectiveness of your competitor's pricing decisions and assess the long-term impact of their price changes. It also aids in conducting competitive analysis by uncovering how your competitors' pricing strategies have evolved over time and how they have responded to market changes. By leveraging historical price monitoring, you can stay ahead of the competition and make strategic pricing decisions based on comprehensive insights.

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