February 5, 2016 7:34 pm | Updated 3 years ago.
A new Retail Order Analytics solution, designed by Prelert, a behavioral analytics firm, will help organizations to calculate real-time revenue and even orders per minute. One of the world’s largest multi-channel brands is using this new technology to augment their deliverables.
Prelert’s Retail Order Analytics solution can be used to monitor transactions and generate data related to orders per minute and invoices per hour. It modifies itself to the changes like the launch of a new product or when an existing product is scraped off. It also automatically records and analyzes changes in the customer’s behavior.
Prelert can be used for detecting anomalies in an organization. For example, an e-commerce site might register a drop in its revenue if customers are not able to place orders. This Retail Order Analytics solution is easy to set up and an open API allows developers to use it as per their need.
Date of Publication: February 03, 2016