{"id":12641,"date":"2024-04-16T06:32:06","date_gmt":"2024-04-16T06:32:06","guid":{"rendered":"https:\/\/pii.fxe.mybluehostin.me\/?post_type=case_study&#038;p=12641"},"modified":"2024-10-24T11:08:25","modified_gmt":"2024-10-24T11:08:25","slug":"analytics-for-the-jewellery-industry","status":"publish","type":"post","link":"https:\/\/47billion.com\/case-study\/analytics-for-the-jewellery-industry\/","title":{"rendered":"Analytics for the jewellery industry"},"content":{"rendered":"\n<p>The jewelry industry is ready to flourish in the future. Predictions say that sales will grow considerably in the coming years.&nbsp;&nbsp;<\/p>\n\n\n\n<p>This, in turn, brings opportunities for adopting and implementing advanced analytics and highlights the need for data-driven insights in the sector. The client needed scalable data analytics and visualization to understand sales, marketing, inventory management, and manufacturing processes.&nbsp;&nbsp;<\/p>\n\n\n\n<p>47Billion worked with the client team to understand the challenges of the existing system, efficient analytics process, and primary KPIs to be considered.&nbsp;&nbsp;<\/p>\n\n\n\n<p>The visualization dashboard helped the client in the following ways \u2013&nbsp;&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>KPI analysis helped bring focus to common goals and ensured that they stayed aligned with the organization\u2019s efforts and expertise.\u00a0\u00a0<\/li>\n\n\n\n<li>The organization can now maintain a high-value inventory of jewelry and accessories. Predicting out-of-stock and overstock goods became easy with time inventory status.\u00a0<\/li>\n\n\n\n<li>Marketing experts could now allocate optimal ad-spend budgets to various marketing channels for better ROI and conversions.\u00a0<\/li>\n\n\n\n<li>The solution became a single source of truth for a 360-degree view of the customer journey.\u00a0<\/li>\n<\/ul>\n\n\n\n<p><strong>Download to read the complete success story<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The jewelry industry is ready to flourish in the future. Predictions say that sales will grow considerably in the coming years.&nbsp;&nbsp; This, in turn, brings opportunities for adopting and implementing advanced analytics and highlights the need for data-driven insights in the sector. 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