The Big Data
Revolution in
Retail
The Big Data Shift!
Major retail brands are shifting their
focus on big data as a means of
generating more revenue.
Few Facts About Big Data.
Post Big Data Implementation in Retail
Productivity Increased By Sales Increased
49% $ 9.6 Billion
50 % say that big data helps in meeting
consumer demand and facilitating growth.
Industry Mandate
72.7 % consider driving operational efficiencies
to be the biggest benefit of Big Data strategy
How Business Scenario is Changing?
100 years ago merchants knew their customers by face &
retail success was tied to availability and proximity of stores.
But now with expanding geography and multiple store
locations it is very challenging to keep track on customers at
individual level.
The Key to Success.
For a majority of
categories, consumers still prefer
to buy from physical stores for
both researching and purchasing
products. Since most retailers
nowadays employ multi-channel
strategy, physical stores is
becoming an prominent part of
the overall shopping experience
for their customers. The key lies in
creating a unique shopping
experience where customers
derive both value and pleasure
from visiting the physical stores.
Then, How Does One Create Personal
Shopping Experience?
Here comes Big Data into the picture. If you are a retailer and
you have never heard about Big Data before, few questions
must keep popping up in your mind. Like…
1) What is Big Data ?
2) Why do I need Big Data ?
3) How does Big Data work ?
4) What is the cost of Big Data
implementation ?
5) How Do I measure my ROI. ?
6) And few more…
Let’s Take up Case & Demystify Big Data?
John Brother’s runs a book store in a major
metropolitan city, along with the reputed
Chapel’s and Simon’s.
Simon’s John’s Chapel’s
The Answer Lies in the Problem.
During Holidays John brother's sale grows but
not as great as Simon’s and Chapel’s. Though
John spends heavily on marketing but still they
were far away from their goal “To become
most popular Book store in the city”
Simon’s John’s Chapel’s
The First Movers.
Simon’s John’s Chapel’s
John Brother’s heard the success story of Arizona based book
store and came to know about Big data. After a long meeting
with their stakeholders they agreed to invest in Big data
infrastructure.
The Infrastructure Setup.
John’s
John Brother’s asked for quotation from well
known Big Data Vendors and after doing a
cost/price feasibility study they chose one of
them.
The vendor came and setup the necessary
infrastructure for big data implementation.
Now lets do a deep dive into Big Data
technology and how it works?
From Where Does Data Collection Happen?
Digital
Signage
Customer
Mobile
Wi-Fi
Internet of
Things
Gesture
Recognition
Integrated Video
Surveillance
Associate Tablet
Loyalty Card Issued
by Book/Retail
Store
Social Networks
What Data It Collects ?
What book they like on Facebook ?
What book they tweet ?
What blog they read ?
• Name
• Age
• Date of Birth
• Transaction history
• Store visit frequency
• Point of sale data
• 3rd party demographic & psychographic data
• Geo-location data
• Product inventory and placement data
• Advertising impression data across media;
online, TV, radio, print, email
This is Big
data
Where Does This Data Go?
Big Data
Repository
Actionable Data
Business Analytics
Software
Data
Processing
From
Raw Data to
Actionable
Data
The Actionable Data
Actionable Data
With timely analysis John Brothers were able to find important data
which helped them strategize their future marketing plan.
How Does Big Data Work ?
Identifies the
Prospect via
Smartphone etc.
Big Data
Repository
Looks for
Prospect Location
& Profile
Information
ExpertSystem
Feeds the profile of prospect into real-time expert system
Big Data Paid Off
Now with Big Data technology John Brothers interact with their
customer at real time.
35% off on
Pre-holiday
season
Gift
Coupon on
Birthday
New Book
Arrived of
Author “X”
25% off on
bundle book
purchase
Measure Return on Investment
•Has the store traffic increased after big data implementation ?
•Has the revenue increased against per visit and per transaction?
•Has there been any significant reduction in non-buyer population?
The Final Message
Now John Brothers have achieved what they
craved for “To become the No1. book store in
the town and they have become No.1 now.
What John Brothers understood &
implemented, Simon and Chapel failed to
realize that. They are still wondering how this
change took place.
“Implementing big data is a business decision not IT decision .”
Explore More Opportunities in
Big Data With Our Latest Market
Research Reports at:
@MyMarketReports

The Big Data Revolution in Retail

  • 1.
  • 2.
    The Big DataShift! Major retail brands are shifting their focus on big data as a means of generating more revenue.
  • 3.
    Few Facts AboutBig Data. Post Big Data Implementation in Retail Productivity Increased By Sales Increased 49% $ 9.6 Billion 50 % say that big data helps in meeting consumer demand and facilitating growth. Industry Mandate 72.7 % consider driving operational efficiencies to be the biggest benefit of Big Data strategy
  • 4.
    How Business Scenariois Changing? 100 years ago merchants knew their customers by face & retail success was tied to availability and proximity of stores. But now with expanding geography and multiple store locations it is very challenging to keep track on customers at individual level.
  • 5.
    The Key toSuccess. For a majority of categories, consumers still prefer to buy from physical stores for both researching and purchasing products. Since most retailers nowadays employ multi-channel strategy, physical stores is becoming an prominent part of the overall shopping experience for their customers. The key lies in creating a unique shopping experience where customers derive both value and pleasure from visiting the physical stores.
  • 6.
    Then, How DoesOne Create Personal Shopping Experience? Here comes Big Data into the picture. If you are a retailer and you have never heard about Big Data before, few questions must keep popping up in your mind. Like… 1) What is Big Data ? 2) Why do I need Big Data ? 3) How does Big Data work ? 4) What is the cost of Big Data implementation ? 5) How Do I measure my ROI. ? 6) And few more…
  • 7.
    Let’s Take upCase & Demystify Big Data? John Brother’s runs a book store in a major metropolitan city, along with the reputed Chapel’s and Simon’s. Simon’s John’s Chapel’s
  • 8.
    The Answer Liesin the Problem. During Holidays John brother's sale grows but not as great as Simon’s and Chapel’s. Though John spends heavily on marketing but still they were far away from their goal “To become most popular Book store in the city” Simon’s John’s Chapel’s
  • 9.
    The First Movers. Simon’sJohn’s Chapel’s John Brother’s heard the success story of Arizona based book store and came to know about Big data. After a long meeting with their stakeholders they agreed to invest in Big data infrastructure.
  • 10.
    The Infrastructure Setup. John’s JohnBrother’s asked for quotation from well known Big Data Vendors and after doing a cost/price feasibility study they chose one of them. The vendor came and setup the necessary infrastructure for big data implementation. Now lets do a deep dive into Big Data technology and how it works?
  • 11.
    From Where DoesData Collection Happen? Digital Signage Customer Mobile Wi-Fi Internet of Things Gesture Recognition Integrated Video Surveillance Associate Tablet Loyalty Card Issued by Book/Retail Store Social Networks
  • 12.
    What Data ItCollects ? What book they like on Facebook ? What book they tweet ? What blog they read ? • Name • Age • Date of Birth • Transaction history • Store visit frequency • Point of sale data • 3rd party demographic & psychographic data • Geo-location data • Product inventory and placement data • Advertising impression data across media; online, TV, radio, print, email This is Big data
  • 13.
    Where Does ThisData Go? Big Data Repository Actionable Data Business Analytics Software Data Processing From Raw Data to Actionable Data
  • 14.
    The Actionable Data ActionableData With timely analysis John Brothers were able to find important data which helped them strategize their future marketing plan.
  • 15.
    How Does BigData Work ? Identifies the Prospect via Smartphone etc. Big Data Repository Looks for Prospect Location & Profile Information ExpertSystem Feeds the profile of prospect into real-time expert system
  • 16.
    Big Data PaidOff Now with Big Data technology John Brothers interact with their customer at real time. 35% off on Pre-holiday season Gift Coupon on Birthday New Book Arrived of Author “X” 25% off on bundle book purchase
  • 17.
    Measure Return onInvestment •Has the store traffic increased after big data implementation ? •Has the revenue increased against per visit and per transaction? •Has there been any significant reduction in non-buyer population?
  • 18.
    The Final Message NowJohn Brothers have achieved what they craved for “To become the No1. book store in the town and they have become No.1 now. What John Brothers understood & implemented, Simon and Chapel failed to realize that. They are still wondering how this change took place. “Implementing big data is a business decision not IT decision .”
  • 19.
    Explore More Opportunitiesin Big Data With Our Latest Market Research Reports at: @MyMarketReports