Data-driven insights can have a very real impact on an organization. In some cases, they can even be used to turn around a business. Sam’s Club, for example, was at a turning point. Would it go the way of Toys ‘R Us and similar giant brick & mortar retailers? Find out how data-driven insights revealed incredible opportunities for the big retailer, and if they were instrumental in the organization’s turnaround.
In a business environment where moving fast and smart are critical competitive advantages, sifting through data to find insights and trends could be the worst thing you can do with your precious time. Actionable data, however, when used correctly, is priceless. Real-time actionable insights, moreover, are precisely what smart organizations are relying on to propel themselves forward.
Data, and specifically the insights uncovered from this data, have been used in the retail sector for a while now shaping decisions around stock strategies, pricing, and customer experience. As the shopping experience moves increasingly and adaptively online, these insights are becoming even more important. Take a look at the power and centrality of insights, and how your organization can harness these insights to boost your business.
There is a lot of data out there, but if it’s not used correctly, it is not really a competitive advantage. Decision making for retailers and CPGs has changed tremendously as the amount of data available and the processing power of computers has increased. We’ll look at the factors contributing to this change, as well as insights into what this means on a practical level and what the future may hold.
Toys ‘R Us has come crashing down, as irresistible – and arguably inevitable – forces brought the household name to the edge of oblivion. What caused this? How can companies guard against this? What impact does this have on companies both online and off?
When it comes to e-commerce, there’s no doubt that Amazon is king – at least for now. They are so big, so influential, that what they do impacts the entire market. More than this, people follow Jeff Bezos’ company because they have continued to make successful moves into new areas, identifying new opportunities and new markets, and even creating some of these markets themselves.
Our comprehensive report on the Holiday Shopping Season of 2017 had some fascinating insights. Experts have noted that perhaps most surprising was Amazon’s bigger-than-expected gains, and their dominance over the e-commerce ecosystem. Here, we’ll unpack this to get a deeper understanding of what they are doing right, and how you can benefit.
Retail has really come a long way, and is on the forefront of the intersection between tech and commerce. This has become a battleground, where the stakes are high – trillions of dollars in revenues – and the competitors are constantly trying to outwit and outflank each other to achieve global domination. Here, we’ll look at some of the moves, both strategic and tactical, that are going down in this exciting war for wallets.