Retail is Detail in Big Data

Retail is Detail in Big Data

When It Comes to Big Data, Retail is Detail In our interview “Engineering Profit from Patterns” with Guy Yehiav, CEO of Profitect, we discussed the guiding principles by which Profitect engineered their innovative Profit Amplification Suite for Retail. Guy shared how Profitect is organized around existing Retailer structures to take advantage of natural communication flows; how Profitect keeps the…

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Big Data is Ripe for Disruption

Big Data is seen as an asset, a weapon that can be wielded for disruptive advantage, and yet one of the biggest challenges to unlocking its potential is the lack of available tools, and even more importantly solutions to help companies tackle it. HADOOP, Data Scientists commanding as high as $300,000 salaries, and even luck,…

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Umbrella Retail

The Relationship of an ‘umbrella’ to today’s retail company… Have you ever stopped and looked up at your umbrella when it’s raining.  All of the moving parts it takes to keep you dry.  What would happen if you laid a cross section view of your retail company over that of an umbrella?  At the top…

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Delivering ROI with BI and EBR

Data analysis and reporting has become an important part of retail.  Most retailers use some form of Business Intelligence (BI) or Exception Based Reporting (EBR) as their “go to” tools for analysis.  EBR and BI has only been evolutionary for the retail industry, it has been less revolutionary.  I have found that there are 6…

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Identify, Resolve, Measure

What are the questions that retailers are asking when it comes to analyzing the vast amounts of data, and finding true insights from it? “What do I look for? What information do I gather, and where do I gather it from? Who do I send responsibility to, if not myself? If I am the right…

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How Well Does YOUR TEAM Execute?

If you’re on a sports team the way you execute your play is a major factor in winning or losing.  Multiple variables must work together to create a smooth running, successful system. We see an opportunity, engage with it, and direct ourselves on where to go from there. Sports teams encompass these techniques, while enduring…

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Are you really ready for OmniChannel?

If a retailer is only now taking steps to get on the OmniChannel train, they might feel a bit overwhelmed. Almost like being thrown into the pool without knowing how to swim. It seems as though even if you are already an OmniChannel retailer, you aren’t really ready to handle it and only joined the…

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Call Me ‘Confused’

Does anyone in retail today have ‘spare time’ on their hands?  It seems that even supervisory positions are traveling more, covering larger territories, wearing more and more hats, and living on voice-mail and email; usually behind on both of them. One of the many challenges faced by district and regional managers is not only do…

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The Retail Puzzle

Retail can be viewed as one giant puzzle, consisting of thousands of pieces, one for each entity that makes up the organization.  When all of the pieces are in their correct location it forms a beautiful image of profit.  But what happens when a piece falls out or gets lost?  Who notices it first?  How…

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Know Your RRA (Revenue Reducing Activities)

Making sense of Big Data in Retail - Point of Sale Big Data is a good thing.  Big Data in retail is a greater thing.  And Big Data in retail POS is the greatest thing.  Seriously, the data that can be mined here goes above and beyond sales and customers.  Now for the sake of this…

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Thought Challenge

Today more than ever Loss Prevention is less about Loss Prevention and more about being fully integrated into the entire business. For example, how many times have you been involved in initiates that are not specific to driving down shrink but really about driving profitability to the organization? It is happening more than we realize…

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