/home/leansigm/public_html/components/com_easyblog/services

SigmaWay Blog

SigmaWay Blog tries to aggregate original and third party content for the site users. It caters to articles on Process Improvement, Lean Six Sigma, Analytics, Market Intelligence, Training ,IT Services and industries which SigmaWay caters to

Retailers using mobile commerce

Retailers started using analytics to manage their stores and warehouses. They then started using analytics for planning local events and competitor's promotions and campaigns. Through point of sale, they understood individual customers. The only problem they faced was this data was known and analyzed post-sales. Now with mobile commerce, retailers collect and analyze data embedded in mobile devices. So, the challenge shifted from how to collect data, to how to get the user's permission and approval to collect and use the data.  Read more at:  http://it.toolbox.com/blogs/mobile-applications-businesses/mobile-commerce-strategies-contextually-relevant-opportunities-moments-and-environments-69652

 

 

Rate this blog entry:
3197 Hits
0 Comments

Retail Analytics: Various tools

Retailers are using analytical tools in order to drive sales. Organizations use tools such as pricing and assortment optimization, location analytics, and customer-driven marketing. Still, many retailers are puzzled to prioritize their analytical approaches. Some companies are astounded by the large number of options they have, while others find it difficult to manage data provided by various point-of-sale systems, websites and other internal transaction processes. Another reason is a lack of skilled analysts which hampers progress. Thomas H. Davenport (Distinguished Professor of Information Technology and Management at Babson College in Massachusetts), writes in his article about the strategies and approaches organizations must follow while choosing their analytical tools. To know more, follow: http://www.teradatamagazine.com/v09n04/Viewpoints/The-potential-of-retail-analytics/

 

 

Rate this blog entry:
4213 Hits
0 Comments
Sign up for our newsletter

Follow us