Guest Column
Going Beyond BI, Increasing Your Margins -- Turning Data Into Actions
Click Here To Download:•Guest Column: Going Beyond BI, Increasing Your Margins -- Turning Data Into Actions
By Guy Yehiav, Profitect
Information is power, but as every retailer trying to combat growing losses knows, it is not just information that they need. They need to know what to do with that information.
Retailers have been availing themselves of Business Intelligence (BI) tools for some time now and the typical BI tools used in retail provide great reports but chock full of data. Sifting through all the aggregated content is time consuming, labor intensive and often the solutions, when arrived at manually, are not accurate. This in turn ask operations and merchants resources to search for ghosts, rather than spend the time on real issues that are easier to chase and solve. It is becoming increasingly clear that there is a growing need to move beyond BI – to the next generation of BI that automates the process of looking at statistical patterns, detecting irregularities and providing actionable items based on that information to impact your margins in a short time.
Click Here To Download:•Guest Column: Going Beyond BI, Increasing Your Margins -- Turning Data Into Actions
