Home > Resources > Whitepapers > Improving retail performance with business intelligence

Improving retail performance with business intelligence

May 25, 2018

The phrases ‘big data’ and ‘business intelligence’ have been around for decades. But while many companies claim to take the concepts seriously, few understand them well enough to maximise their business potential. Most organisations today collect large amounts of market data, from sources such as website, social media, and business transactions. They come in a variety of formats (stock counters, emails, audio and video) and may stream into the business in real-time – often in huge volumes. Yet while good business practice dictates that gathering this ‘big data’ is essential, more important is the question of what you should do with it.

Spotlight

Payfare Inc.

Payfare is a global FinTech company offering mobile banking, instant payment and loyalty-reward solutions for today’s workforce. Payfare’s financial technology platform is providing financial inclusion and empowerment to millions of next-generation workers around the globe with a full-service mobile bank account and debit card with instant access to their earnings and relevant cash-back rewards.

OTHER WHITEPAPERS

How API-led commerce is driving next-gen digital experiences

whitePaper | April 14, 2021

Brands and merchandisers need to deliver inspiring digital experiences across multiple touchpoints to be successful in today’s fast-paced world of commerce. To quickly respond to customers’ needs and stay ahead of the competition, many organizations have adopted an API-powered commerce platform. Learn about API’s and their increasingly important role in delivering next-gen digital experiences, in this white paper.

Writing a Better ERP RFP

whitePaper | October 21, 2022

The ERP sector is a marketplace in which many solutions feature a common set of core functions. ERP providers differentiate themselves through specialized modules, vertical packages, UI design, tailored implementations, and service and support capabilities.

Metaverse – The next e-commerce revolution

whitePaper | October 4, 2022

The metaverse, roughly defined as 3-D virtual worlds that mimic the real world, has drawn much attention since late 2021. Certain well-known global firms, such as J.P. Morgan, HSBC, Standard Chartered (banking), Samsung (technology), Adidas (apparel) and PwC (consulting) have created a presence on the current metaverse platforms The Sandbox and Decentraland. Ever since Facebook’s announcement of its rebranding and name change to Meta in October 2021,2 the investment on metaverse has continued despite a contraction in the cryptocurrency market.

Retail by the Numbers Retail statistics for November 2018

whitePaper | December 4, 2019

StatCan’s Retail numbers for November indicate a +0.1% growth in core-retail sales. This past November, there was a disruption in the postal system. StatCan’s numbers confirm that the effect of the postal dispute was more nuanced then portrayed in the media at large, with both retailers saying online sales were or were not impacted. These data confirm the belief of RCC’s Retail Conditions Report in December, that there was almost no impact on total company sales.