Retailers need to keep in mind that all data is not good data. The value of data makes sense when it is actually able to help you in making more informed decisions so the business gets benefitted ultimately.
All companies regardless of their age and size should validate their product. Validation fosters quality, which is essential for both established businesses seeking to retain clients and for fledgling startups seeking to gain clients.
Online players like a Xiaomi or Myntra or a First Cry, all opening up brick and motor stores is a sign of retail growth. Therefore, there is a huge opportunity for manpower and training organizations to latch on to this opportunity.