In 2012, InformationWeek published a story that suggested physical retailers may be big data's next big target. Three years later, big data is still a concept that most brick-and-mortar businesses still assume is not for them. But, as the article pointed out, the vast majority of commerce still takes place in physical stores. So it stands to reason that real-world business … [Read more...] about How To Use Big Data For Your Brick and Mortar Shop
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Tesco and Big Data Analytics, a Recipe for Success?
Tesco is one of the largest retailers in the world and is originally from the United Kingdom and founded in 1919. Currently they have shops in 12 countries under different brands. In the latest fiscal year (13/14) the had $ 110 billion in group sales and $ 3.6 billion in group profit before tax. Over 500.000 employees work in 7599 stores around the world, including franchises. … [Read more...] about Tesco and Big Data Analytics, a Recipe for Success?
Big Data in Retail Financial Services
The value of Big Data to the retail financial services industry is estimated to reach more than £6 billion over the next few years, which means big business for the industry. In order to ‘harness’ this potential, banks must recognize that they are sitting on a vast amount of information which – if it can be easily accessed and cost-effectively managed, … [Read more...] about Big Data in Retail Financial Services
Big data Offer Retailers The Chance To Stay Ahead Of Their Competitors
Retailers that implement a big data strategy can achieve a 60% increase in their margin as well as boost employee productivity by 1%, meaning there should be no reason not to move forward with big data. The retail industry is known for collecting vast amounts of data, as any product sold in a retail store or online generates a lot of data that can be analyzed for insights. The … [Read more...] about Big data Offer Retailers The Chance To Stay Ahead Of Their Competitors
New And Profitable Insights With Tracking Customer Movements
RetailNext and Prism Skylabs offer tools for retailers to learn from their customer movements. RetailNext is prominently present in the world's Top 10 of most innovative companies in Big Data and offers in-store analytics based on analysing sensors and images of security cameras. Prism Skylabs has a more basic offering with its product. Can showrooming be stopped?Have you ever … [Read more...] about New And Profitable Insights With Tracking Customer Movements
