Canadian retail point-of-sale solutions provider Lightspeed has launched a data analytics tool to provide independent retailers with insights and recommendations into their sales, inventory, employee performance and customer behaviours.

Known as Lightspeed Analytics, the new solution gives retail merchants a competitive edge against bigger retail stores at an affordable price, according to the company.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

The company seeks to provide services to retailers, which were previously available only to larger retail businesses.

Lightspeed Analytics aims to simplify the process of data collection, making it accessible, understandable and actionable for business owners and store managers, thereby enabling them to make better decisions.

"Lightspeed Analytics is simple to navigate and makes the value of data easy to understand, which will give our customers the time and ability to make smarter business decisions."

The new technology provides insights into different segments of a retail business, including inventory management, customer insights, and employee optimisation.

See Also:

Lightspeed founder and CEO Dax Dasilva said: "Access to complete analytics and business insights will empower independents with the tools they need to effectively grow, allowing our customers to dream bigger about the future of their business.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

"Lightspeed Analytics is simple to navigate and makes the value of data easy to understand, which will give our customers the time and ability to make smarter business decisions."

Some of the Lightspeed Analytics tool-enabled independent businesses include Punchy's, Cook Culture, Skiis and Biikes and Bicycle Warehouse among others.

This new retail solution comes after Lightspeed launched its omnichannel retail product that enables retailers to integrate online and in-store sales channels last year.

Image: Lightspeed Analytics. Photo: courtesy of Lightspeed.