April 17, 2020
Via: CIOBefore the coronavirus hit, consumer expectations were already changing and creating challenges in the retail industry. And CIOs, who historically had little to do with developing new customer experiences, were increasingly being tasked with driving innovation. To deliver Amazon-like here-and-now […]
April 2, 2020
Via: CIOIn the retail industry, inventory loss is a problem with a multi-billion-dollar price tag. By one estimate, U.S. retailers lose nearly $50 billion a year in inventory loss.1 While this problem has many drivers, most of the financial impact of […]
BI Users, Business Users, Data Analyst, IT Team
March 30, 2020
Via: CIOWe’ve all now witnessed firsthand what can happen when a basic, bulky household staple suddenly sees wildly increased demand (for reasons both real and imagined). Shoppers have snapped up rolls of Charmin and Cottonelle every time they are restocked; while […]
BI Categories, Business Analysis, Data Mining
January 31, 2019
Via: CIOThe retail industry is undergoing a sea change so massive that many industry insiders have termed it the “retail apocalypse.” In a sign of this industry upheaval, in 2018 major retailers closed 5,524 stores in the U.S. and 1,432 stores […]
BI Categories, Business Analysis, Data Mining
July 8, 2016
Via: Information BuildersRetailers now swim in more data than they know what to do with. And they’re working overtime to digest that data — collected from e-commerce transactions and via merchandising, CRM and POS systems — to glean useful insights. Many are […]
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