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Continuing our series on the three main categories of discoveries that a solution should provide retailers to help minimize the effort necessary to identify controllable factors that can be translated into action, this edition will break down what is known … Continue reading
Tag Archives: Bottom-line
Tell me something I don’t know! – PART I: Known Known
As a retailer, you have many choices about which software vendor to choose. For users, one of the biggest demands we see in the market is having the software inform you of something you don’t already know about your business. … Continue reading
The Fine Line Between BI and BS – Part 3: Actionable Intelligence
The first and second editions of this blog mini-series discussed common concerns about today’s business intelligence solutions for retailers. In this final edition, we will focus on the area of the profit amplification solution where the most value is derived … Continue reading
The Fine Line Between BI And BS
I’ve been talking about retail BI (business intelligence) a lot lately, and I’ve been writing about it even more. Much of the conversation is with BI solutions providers. What a diverse cottage industry this big data conundrum has born.
NRF 2013, Big Data And The Big Show
As this years NRF 2013 draws to a close, I thought you would enjoy the Podcast from our panel on big data, predictive analytics, and the bottom line. I had the good fortune of moderating the topic with Citigroup’s Deborah … Continue reading
Big Data, Predictive Analytics and the Bottom Line (Part 2)
Information and technology are always evolving. Every Chief Information Officer of any organization typically evolves and adapts to changes in their industry. One method that experts say a CIO should utilize in order to evolve is thinking like an entrepreneur … Continue reading
Sweethearting, Retail’s Evil Mistress
Sweetheart used to be just a term of endearment, yet in the retail world it is a term that conjures up suspicion and dread. Sweethearting (or free-bagging) is when an employee at the cash register passes merchandise to a friend … Continue reading
Big Data, Predictive Analytics and the Bottom Line (Part 1)
Retailers are always trying to leverage new ways of looking at analytics and capabilities, coupled with new ways of consuming the information. A report based on a survey of 81 qualified retailers by Retail Systems Research, LLC, discusses both the … Continue reading
Showrooming your way to profitability
In a recent study conducted by RetailWire, both the impact and best known solutions to combat the trend of “showrooming” are exposed. Showrooming may be the term that the industry is familiar with, but the real concern is regarding the … Continue reading
Upstream Solutions to Downstream Problems
In any situation, when a problem arises, it’s human nature to look for a solution in the area in which the problem is located. In retail however, that means a store inventory distortion problem should have a solution downstream, within … Continue reading