The Retail BI Evolution
Once the value of BI in retail has been recognised, the evolutionary
path of retailers towards BI is one of transitioning from data gatherers
to strategic analysts.
An integrated business intelligence solution has a positive impact
on business users.
- BI technology makes basic tasks easier and provides more value.
- The decision supporting intelligence supports users, motivating
them towards becoming more confident in competitive innovation.
- This in turns leads to enhancement of management skills and
ensures the business constantly evolves as the retail industry
Where previously, the CEO or CFO retained complete command of the
information produced throughout the company, this typically lead
to silos of information, preventing customer facing managers from
being proactive in decision-making and reducing collaboration across
stores, and across business functions.
By empowering all users with BI technology, everyone becomes strategic
analysts, rather than mere data collectors. The time lag between
decisions and actions is significantly reduced, and ensures that
decisions are made in context to what is happening now, instead
of last week or last month.
Deploying an integrated, operational BI environment provides a
more secure and complete system for the data, business rules and
analytics - thereby centralising key performance indicators that
govern and drive the business.
a Retail BI System
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More Detail on Retail BI Strategy, Program & Technology
Index | BI Strategy | Complexities
| Barriers | Retail
IT Systems | BI IT Optimisation
| BI Evolution | Integrated
Retail BI | Implementation
| Business Benefits | RMS