In the rapidly changing and highly competitive e-commerce environment, it is important to know how your product prices fare vis-à-vis the competition. Knowing where you stand as compared to your competitors in terms of price, inventory and discounts will give you a competitive advantage.
This critical task is made easy with Lumina Datamatics’ market intelligence solution, which not only lets you monitor and track every product every day across geographies, but also allows you to redefine marketing strategies based on valuable business insights.
Tool-assisted data collection allows scalable processing of millions of records daily. What’s more is that MarketWatch provides precise and accurate data that is updated in real-time. You can utilize this intelligence solution to set compelling pricing strategies, keep an eye on marketplaces so that they are never out of stock, and understand which marketplace is the one that is most profitable for your business.