Tag

retail

Thinking Beyond The Boundaries With Big Data

Big data is now a commonly used term within the business world and many companies are implementing solutions to make the most of the untapped data within their systems. It’s no longer ‘new’ but how businesses are choosing to use this data is changing. Beyond traditional uses of big data there are exciting ways for organisations of all size to better leverage the information gleaned to make more informed decisions and ultimately, run their business better.

The Challenge Of Online Data

Online retail has introduced an order of magnitude change in both the number of decisions to be taken, and the complexity of data available. Furthermore, there is still no agreement on eCommerce norms and best practice for how to interpret and respond to what the data shows. The challenge can appear daunting and it is easy to either disengage or to drown in the data, but failing to get to grips with the numbers is a huge gamble. At best you miss opportunities to grow pro?ts; at worst you lose control of your online channel.