Datahut Blog

With advancements in technology, the dependency and relevance of data have increased. As a result, several industries are leveraging data insights to improve their operations. Be it the healthcare industry, sports, or even the insurance industry. The Insurance Industry is one of the most innovative and rapidly-changing industries in the United States. The use of Big Data has been a critical part of this innovation, as it allows insurers to collect, analyze, and interpret info

Historically, real estate has been a big player in the investment market and it will remain so. The reason is simple: we all need real estate to build homes and run businesses. Getting the best value out of real estate investment is difficult but not impossible. Sensing the market dynamics and finding opportunities is the key. There are many people who made it big in real estate: Shark Tank star Barbara Corcoran and US President Donald Trump are good examples. Real estate is

In recent years, India has become a very important market for makeup brands. Thanks to the rising purchasing power of women in urban areas, an increasing focus on beauty and fashion, and a growing middle class, the Indian cosmetics market has boomed. As more and more international brands enter the country, local brands have struggled to keep up. However, a handful of Indian companies have managed to prosper thanks to their focus on innovation and catering to the specific need

If you're a startup founder, one of your responsibilities is to ensure that your team can handle the workload so that you can focus on the more important aspects of running the business. Since sales is one of the biggest components in driving profitability, your sales team must be performing at its absolute best. While there are many ways to increase sales productivity and increase revenues, find out in this blog post some more-specific tips for improving your startup's profi

The retail sector is continuously growing. According to Statista , total retail sales in the United States are projected to amount to 5.94 trillion U.S. dollars in 2024, up from around 5.47 trillion U.S. dollars in 2019. As we approach 2022, it appears that location intelligence seems irreplaceable and necessitates its use in every industry, especially retail. Over 90% of companies believe location data is crucial to their success. The global location intelligence market is

In any business, every department generates data points. Each product data set can transform into actionable insights. What’s interesting to note is that most of the time, data generated from one department can help another. The businesses on top of their game rely highly on inter-departmental product data sharing. This revolution in product information management helps you squeeze a data sets potential to its fullest. In the early days, brands formulated marketing campaign

Every industry boasts of a plethora of brands battling for a higher market share! But  how do these brands manage to keep their game up ? How do they even determine their next objective and what their strategy should be in this game? All these answers lie in what their customers believe and feel about them. In other words, they need to monitor their customer’s sentiments closely to deliver a fabulous consumer experience.  Why is improving consumer experience necessary for bus

Search rank tracking involves checking the positions of various keywords that a webpage ranks for in a SERP. The search engines use their algorithm to determine this rank. By performing search rank tracking , you can design a better SEO strategy. One of the long term results of this change is increased revenue and visibility.  To make the most of your SEO strategy, let us learn what search rank tracking is. Furthermore, we will learn its applications, methods to fetch rank

Pricing analysis is one of the most critical components of the consumer decision-making process. Businesses need to be very practical in pricing their products to gain the desired profit. The modern retailer uses the might of  competitive pricing  to get an edge over his competitors. With the right competitive pricing strategy , you can understand the market trend-shifts and change your prices dynamically. Pricing analysis : An essential component of the consumer decision-m

There is an abject shortage of on-field workers during the Coronavirus pandemic. Due to this, supply chains are faltering. Your preparedness will define success for your e-commerce. Therefore, you have to pinpoint the problem areas and take rapid action for the efficient supply chain management. Business managers have to optimize overall production and distribution to ensure customer satisfaction. What is the supply chain ? A company and its suppliers work closely to pro

Category management might be the way forward, but data science is the guiding light. Over the years, data analytics has revolutionized the deliverables in all fields. This duo leads to improved effectiveness and dynamics. Data adds multi-dimensional facets to a category. Data not only helps us understand category management better but also, improve our business every passing day. A present-day example of category management Let us all look at Amazon or Flipkart. The numb

The hospitality industry is steadily growing over the years and shows no sign of slowing down. Digitally literate travelers are making use of online platforms for planning, booking, and experiencing a journey. Not to be left behind, the hospitality industry is increasingly getting to grips with the concept of big data and the numerous ways in which the use of web data in the right hotel pricing can help them in revenue generation and provide a better customer experience. Wh

Dropshipping is a business model in which a businessperson buys goods from a supplier and sells to his/her customers at a slightly higher...

Data is ubiquitous. This tremendous amount of information can change the way your business works and the way consumers view it. But to leverage datasets, you need to select the appropriate tool for big data analytics . These tools can then help you in data-driven decision making . It is essentially the foolproof way used by data masters to transform businesses . What is Data-Driven Decision Making? There is an enormous amount of data around you. How judiciously you use

A business spends about 500% more to get a new customer compared to converting an existing one. This means that an existing customer is more natural to become a buyer. And it doesn’t stop there. These customers are also far more likely to spend more. This may be because they already know your brand and have bought from it before. And probably the reason why they have developed a trust to purchase from you again. This fosters brand loyalty. These statistics can shed some light

What differentiates a successful business from a mediocre performing business? We say it is their sales and marketing strategy . A properly planned assortment of the inventory items and offers will take you a long way. But there is one factor that can boost your already superb sales output. That factor is timing. It will help if you put web scraping to use at crucial times like holiday flash sales . Managing all these tradeoffs is a must for all retailers, especially dur

This week, we’re talking about travel, and the travel industry in particular, because of many reasons. First of all, we all love to travel. Second, travel company ads have taken over all my screens. Moreover, there has been a massive shift in the way we think of travel and the travel industry at large. This shift is from a position that was mainly considered non-tech or managerial to a strictly technical industry driven by data of all types and from all sources. This article

Stock trading has one of the most complex and complicated dynamics in the present day world. In today’s time, multiple algorithms and researches have been produced to understand the complexity of the stocks trading. There is an increasing effort to understand the system dynamics of stock trading to predict the emergent behaviour of the stock prices. In order to predict stock prices adequately, one needs to have access to historical data of the stock prices. Mostly, you will b

Real Estate investments can be a tricky ballgame. A typical investor needs to conduct thorough due diligence before making an investment...

The private equity market is a hyper-competitive arena speckled with investors trying to look for reliable methods to find market indicators that can help them draw insights and thus, place better bids. This requires a considerable amount of due diligence to be conducted before making the decision. ‘Due diligence’ in this context refers to an audit of a potential investment or product to confirm the veracity of all facts, that might include the review of financial records.