Turn back your clock some four decades back, and you'll realize the pain retailers faced while maintaining their sales count and inventory. This state of retailers was not because of insufficient data but because of overstocked data. In the year 1975, Walmart decided to adopt new technologies for maintaining their inventory control of all merchandise in warehouse and … [Read more...] about Are Retailers Reluctant at Adopting Data Analytics?
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5 Ways Big Data Analytics Will Impact eCommerce
A man has to ask himself: Has technology gone too far? Well, nowadays everything is done by computers. You can find out about anything online. Everything is collected and stored on the internet. There are huge chunks of data floating around on it. It can be tiring just digging through enormous piles of sometimes useless information. When you need to establish a pattern, dig … [Read more...] about 5 Ways Big Data Analytics Will Impact eCommerce
Why Retailers Are Losing Ground by Failing to Utilise Big Data
If you aren't running a business named Amazon, you're likely to feel the pressure of big data pushing small retailers out of business at an astounding rate. It's a bigger issue than the simple existence of Amazon. 2017 was a year to remember for all the wrong reasons as multiple retailers struggled to stay afloat despite already holding healthy market shares or a strong … [Read more...] about Why Retailers Are Losing Ground by Failing to Utilise Big Data
Retail Evolution (Re’volution) & Technology
The retail industry, along with the financial sector, has always embraced technological advancements at their earliest and, reaped due benefits. That retail transformation is not just about technology adoption and, that technology itself continues to change -rather evolve- rapidly with each passing day, are a given. That brings us to the question: What would help retail to … [Read more...] about Retail Evolution (Re’volution) & Technology
Technology in retail: A mid-year review
For some of us listening to music, unwrapping a present, meditating, working out or just a hug contributes tad bit to loosening the levels of stress we go through. While there is an entire another bunch that simply slurp up chocolates that are almost always available in their backpacks as a result of stocking them up being clearly aware of its need in rough times. It's no joke! … [Read more...] about Technology in retail: A mid-year review
