NEW YORK : JK Tech, a global provider of next-generation digital transformation services, is introducing its Smart Analytics offering in the North American market in response to the rise in demand within the retail industry for technology-backed data insights that can aid better decision-making. The company is organizing a webinar– ‘How to Stay 10 Steps Ahead of Retail Competitors?’ on the 4th of August 2022, to demonstrate the importance of innovative pricing models to accurately forecast competitor business strategies and stay ahead of them.
Serving clients across industries since 1994, JK Tech has been providing agile and customized technology solutions for enterprises. Using JK Tech’s Smart Analytics solutions, grocery retailers have witnessed around 15% improved inventory turns, and a 6% increase in same-store sales while apparel retailers have seen a 14.4% increase in relative revenue and a 70% SKUs increase in sales, in the US market specifically.
In a statement, Aloke Paskar, President & CEO, JK Tech, said, “Technology has become the backbone of a strong business strategy in today’s competitive business environment. The retail industry is dominated by impeccable customer experience, that offers convenience, customization, and consistency. JK Tech understands the challenges retailers face and has developed a data-driven solution to assist them. The Smart Analytics solution enables retailers to streamline processes to improve performance in a stiff, competitive environment. Our solution leverages the power of AI, augmented analytics, and modernization, providing retailers insights into the product pricing of competitors, and store performance to devise strategies that optimize costs, reduce risks, and generate a higher GMV while maintaining profitability.”