Ecommerce Industry Archives

Yashica Chopra
May 06, 2024
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11 Top Ecommerce Development Companies in India

Indian ecommerce businesses can achieve their goals and expand into newer markets by investing in digital technologies. We’ll discuss the best ecommerce development companies in India and their role in assisting merchants and retailers in adopting the digital-first approach. Ecommerce is a flourishing business industry in today’s world. With the right kind of ecommerce analytics services, you can take your business to new heights by making proactive data-driven decisions. As per Forbes, the Indian ecommerce market is expected to be INR 4,416.68 billion in 2024 and is estimated to touch INR 7,591.94 by 2029 with an annual growth rate of 11.45%. Moreover, Boomers and Millennials, Gen Z, and Gen X are active on the internet, doing their bit to drive the global online shopping rate. While the Millennials are likely to contribute around one-third of the total global social media shopping expenditure by 2025, Gen Z will contribute 29% and Gen Z 28%. The mobile ecommerce rate has also gone up to constitute 60% of the total ecommerce transactions. Partnering with the best ecommerce development company in India can give the much-needed competitive edge and boost sales for your ecommerce business. Let’s find out more about the leading ecommerce development companies in the country. What is an Ecommerce Development Company? An ecommerce development company is much more than a website builder. The company offers a diverse range of services, like strategy formation, technology adoption, third-party application development, customization, tracking ecommerce analytics trends, and long-term managed analytics solutions. So, what is an ecommerce developer? In short, it is an end-to-end ecommerce analytics company that provides your business with the necessary support to effectively navigate the ever-changing digital markets within the country and around the globe. Indian ecommerce sites can streamline their products and services, improve operational efficiency, and amplify revenue(MRR) by hiring an ecommerce development company. Top 11 Ecommerce Development Companies in India DataToBiz DataToBiz is one of the top ecommerce development companies in India offering tailor-made and end-to-end managed analytics solutions in the industry. From strategizing to implementation and maintenance, the company provides an array of services based on your business requirements. Data warehousing for ecommerce data integration and management, business intelligence tools and dashboard implementation, real-time report sharing, etc., are some services offered by the company. DataToBiz is a certified partner of Microsoft, AWS, and Google Cloud. It has worked with many businesses in the digital commerce industry and has the expertise to develop data-driven decision-making models for varying specifications. The company specializes in working with diverse technologies to build a powerful and reliable analytics engine for establishments from various industries and sectors. Mu Sigma Mu Sigma is a data science and analytics solution provider that offers various business intelligence services. The company provides in-depth commerce sales analytics and builds intelligent customer experiences for retail and online sellers. It helps you with tailored solutions for effectively managing pricing, operations, promotions, order fulfillment, etc. The company’s AI-driven support enables ecommerce businesses to combine technology and traditional knowledge to become successful. Fractal Analytics Fractal Analytics is an AI analytical company with a presence in many industries. It is also one of the ecommerce development companies India with adaptive and scalable solutions like customer analytics, merchandise analytics, store operations analytics, supply chain analytics, and many more. The company combines data platforms, data governance, and business intelligence to promote better decision-making based on actionable insights. It has partnered with fifteen leading tech providers, like Microsoft, AWS, SAP, Oracle, etc., to provide comprehensive services to various clients. Quantiphi Quantiphi is an award-winning AI analytics and digital engineering company that specializes in solving complex business problems through cloud and data engineering services. The company offers e-commerce analytics to help revolutionize the retail experience for businesses and customers. It helps completely re-design and transform the ecommerce business to unlock the power of data and analytics in growing your business. Customer behavior, omnichannel marketing, operational insights, churn prediction, etc., are some solutions provided by the company. It also emphasizes modernizing security and surveillance by building reliable AI and ML models for data engineering and governance. Genpact Genpact is an ecommerce development company in India that offers innovative solutions for businesses to achieve their goals by adopting advanced technologies. The company uses generative AI and analytics to help retailers and online stores enhance customer experience, increase sales, and streamline the supply chain. It helps ecommerce businesses provide personalized experiences to the customers at every touchpoint and use data to understand their behavior, preferences, etc. The company works with small and medium ecommerce establishments and provides services for financial crime risk management, automation, etc. Happiest Minds Technologies Happiest Minds Technologies is an IT company offering digital transformation services to clients from several industries. It helps retailers implement e-commerce category analytics, sales analytics, etc., to reduce operational costs, increase the conversion rate, and reduce cart abandonment to boost sales. From setting dynamic pricing to gain a competitive edge to personalizing user experience for customers, the company offers customized services to all businesses from the ecommerce industry. It also provides services like big data analytics, DevOps, omnichannel transformation, etc. LatentView LatentView is a digital analytics and AI company offering end-to-end analytical services to help businesses gather meaningful insights from data and make more effective decisions in real time. It is an ecommerce development company India focusing on faster innovation, improving operations, and increasing business revenue. From forecasting sales demand to predicting customer needs, optimizing prices, and identifying seasonal trends for promotions, the company offers assistance to ecommerce businesses in many ways. It has developed a solution, AccuPromo to optimize retail promotions, inventory, and demand at any time. Course5 Intelligence Course5 is a transformative intelligence company offering pure-play data analytics to help businesses with digital transformation and AI adoption. The company’s services are designed to solve complex business problems by leveraging the latest technologies available in the market. It helps many ecommerce sites India to implement cloud, data engineering, and business intelligence technologies to overcome various challenges. The company builds reusable frameworks to provide long-term value to ecommerce and other businesses. Course5 Discovery is an augmented AI solution for ecommerce businesses to derive actionable insights about products, customers, market trends, etc. Nihilent Analytics Nihilent is a global data analytics consulting company with a presence in industries, such as retail, manufacturing, banking, etc. It is one of the ecommerce development companies helping traditional businesses transform their processes and take advantage of digital commerce to boost their revenue. The company

Yashica Chopra
April 10, 2024
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Guide 101- Choosing the Right eCommerce Analytics Partner

The rapidly evolving eCommerce landscape demands businesses to be proactive in adopting the latest developments and technologies to become successful players in the competitive market. Here, we’ll discuss how to choose the right eCommerce analytics partner. The eCommerce industry has seen tremendous growth over the years. It is a fast-paced sector with fluctuating demands and customer preferences. Many people today like to place an order online rather than go out and buy the product in person. According to Statista, the average number of products per order has increased to 4.95. Moreover, the eMarketer platform predicts that groceries will become the largest eCommerce category in the US by 2026. The Asian countries are in no way lagging. The total revenue of the eCommerce and online retail sector in Asia was $1.7 trillion in 2023. With such clear statistics, it’s evident that eCommerce businesses should stay alert 24*7 to grab market opportunities and make proactive decisions. That’s where eCommerce analytics can help. But what is it, and how can you choose the right eCommerce analytics partner to help your business adopt data-driven technologies? Let’s find out below! What is the Analysis of eCommerce? eCommerce analytics refers to the process of collecting data from multiple internal and external sources to determine the trends, patterns, customer behavior, preferences, market opportunities, risks, future demands, etc., to plan your inventory and marketing strategies. It includes metrics like every stage of the customer journey, your business KPIs, competitor analysis, and many more. So, how to do eCommerce data analysis? eCommerce analytics requires large datasets, analytical models, and data visualization tools like Power BI, Tableau, artificial intelligence/ machine learning technologies, etc. It is a comprehensive and continuous process that streamlines workflows and delivers actionable insights in real-time to decision-makers. You can set up data analytics for eCommerce by partnering with a reliable service provider who manages the processes from end to end. What is an eCommerce Data Analyst? An eCommerce data analyst is a professional with expertise in data analytics, statistics, mathematics, and technology (computer skills). The person has many roles and responsibilities, such as the following: With such varied expectations, it is easier to work with an eCommerce analytics partner company that has an experienced team of data analysts and AI engineers to manage all tasks effectively and deliver the desired results. How to Choose the Right eCommerce Analytics Partner In today’s digital era, every retail and eCommerce business faces intense competition from others. You are at risk of being outdated if you don’t quickly adapt to the changing conditions and present the best side to your customers. But how will you know what’s trending and what will trend in the coming months? How can you track the fluctuating demands and changing customer requirements? eCommerce analytics is the key. By hiring a worthy partner, you can use accurate data-driven insights to make decisions and boost your business. From supplier identification to inventory management, marketing, distribution, and transportation, you can streamline every aspect of your business with the help of an eCommerce analytics partner. Here’s how to find the right solution partner for your eCommerce business. Strategic Planning and Consulting Strategy is the core of any business. To be a successful eCommerce business, you should have a robust strategy for adopting analytical models, marketing and promoting your business, increasing customer satisfaction, achieving your goals, etc. Your eCommerce analytics partner should have in-depth knowledge and know-how to create a feasible and future-proof strategy to digitally transform your business and streamline it at all levels. Industry-Wide Experience Experience is definitely an important factor as it hints at the company’s ability to understand the nuances of the industry. The trends, developments, requirements, market conditions, etc., of every sector are different. The eCommerce industry is complex due to the extensive number of parties involved. Working with an eCommerce analytics partner who has previously delivered projects from businesses from the same industry provides an assurance that it can handle your specifications and show the results. Technology and Innovation Data analytics involves various technologies and tools. The same can be said for eCommerce. In such instances, you need a partner with access to the best and latest eCommerce analytics tools. The service provider should know which tools are most suitable for your long-term goals and how to integrate them with your systems. Similarly, the company should give prominence to innovation and stay up to date about the new developments. This will give your eCommerce business an edge over competitors and help you enter new markets with greater confidence. Flexible Managed Services The size of your eCommerce business doesn’t matter, but the products and services you provide will definitely impact your brand reputation and customer experience. To run a digital business successfully, you need technology that works 24*7*365. While glitches and downtime cannot be avoided, you can minimize them by having a trusted partner to provide managed IT services. Your eCommerce analytics partner can be your managed service provider, thus ensuring everything goes on smoothly. Credentials and Certifications Certifications denote expertise. An eCommerce analytics company should have proficiency in handling large volumes of data (on-premises and cloud), building data pipelines, and choosing the best third-party app integrations. A company that is a certified partner of Microsoft, Google, AWS, etc., will have the technological know-how and direct access to advanced tools provided by the industry giants. This will make things easier for your business. Diverse Service Capabilities eCommerce analytics trends show that customer-centric businesses have greater revenue and better reputation. A modern-day customer uses different channels to discover your business. A website is no longer enough. You will also need to manage mobile apps, social media sales, upload your products on third-party platforms, and so on. But how do you track your inventory and sales? This can be streamlined by an efficient eCommerce analytics provider while providing real-time reports about the best ways to enhance your customer journey. Data Security and Support When adopting a data-driven model, you should also make sure that all the necessary security measures are followed to ensure that datasets