Big data in retail
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Big Data in Retail the retail industry represents a large portion of the world economy, consists of a large ecosystem, and has experienced some significant challenges and opportunities in recent years.
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Big data in retail Document Transcript

  • 1. Big Data in Retail The retail industry represents a large portion of the world economy, consists of a large ecosystem, and has experienced some significant challenges and opportunities in recent years. One rather significant issue is the so called "Showrooming" in which consumers test/compare products and buy them elsewhere. This is a particular problem for Big Box stores that display consumer electronics, major appliances, and other items that can be purchased online yet experienced best in-person. Issues such as these have forced retailers to get smarter and begin to employ in-depth real time analysis of massive data that is generated on a daily basis through various consumer interactions. The use of Big Data, analytics, and reporting can generate insights that will determine future solutions and opportunities to improve the bottom line for retailers. Target Audience: Big Data Service providers Big Box and Online retailers Telecommunications service providers Online and Mobile Marketing companies E-commerce and Mobile Commerce providers table Of Contents: executive Summary 5 introduction 6 what Is Big Data? 6 volume 6 variety 6 velocity 7 big Data Categories 7 structured Big Data 7 un-structured Data 7 semi-structured Data 7 data Mining 7 data Mining Techniques 8 data Warehousing 8 importance Of Big Data 8 pattern Discovery 9 decision Making 9 Big Data in Retail
  • 2. process Invention 9 increasing Revenue 9 big Data Growth Drivers 9 awareness 9 software 9 services 9 investment 10 big Data Challenges 10 data Challenges 10 process Challenges 11 management Challenges 11 big Data Technology 11 sensors 11 computer Networks 11 data Storage 12 cluster Computer Systems 12 cloud Computing Facilities 12 data Analysis Algorithms 12 retail Merchant Challenges 13 new Online Shopping Dynamics 13 big Data In Retail 15 big Data Business Usage 15 direct Mail Marketing 15 customer Relationship Management (crm) And Customer Profiles 15 category Management And Inventory Control 16 market Basket Analysis 16 web Site Analysis And Personalization 16 additional Possible Retail Applications 16 gathering Data About Shopping Habits 16 benefits From Big Data Analytics For Retails 17 Big Data in Retail
  • 3. retailers Habits 18 retailers Are Innovators 18 retailers Unlock Big Data. 18 retailers Maximize Technology Use. 18 retailers Use Analytics To Personalize Products 18 retailers Are Omnichannel Oriented. 18 retailers Measure What Matters. 18 retailers Stay True To Their Company Strategy. 18 big Data And Retail Business 19 volume 19 velocity 19 variety 19 value 19 relationship With Retail Business 19 right Product 20 right Place 20 right Time 20 right Price 20 big Data In Retail Business Cases 21 consumer Electronics 21 best Buy 21 insourcesm Solution From Experian 21 for The Home 21 bed Bath And Beyond (bbb) 21 general Consumer Items Including Food 22 walmart 22 social Genome 22 shoppycat 23 get On The Shelf 23 macy's 23 sas® Business Analytics 24 debenhams 24 sky Iq 24 williams-sonoma 25 Big Data in Retail
  • 4. big Data For Retailers Business Models, Companies, And Solutions 26 personalization 26 synqera 26 synquera Loyalty Generator 26 ngdata 27 lily Interactive Big Data Management Solution 27 dynamic Pricing 28 altierre 28 customer Service 29 retention Science 29 fraud Management 30 rsa 31 transaction Protection By Risk-based Authentication (rba) 31 supply Chain Visibility 32 opera Supply Chain Solutions 33 stock Control 33 stocktake 33 sales Order Processing 33 purchase Order Processing 33 bill Of Materials 33 predictive Analytics 33 sumall 34 sumall Reporting 34 future Outlook 36 more About Customer Behavior 36 more Security 36 Big Data in Retail
  • 5. direct Relationship With Consumers 36 more Mobile 36 Market Research Report(http://www.marketresearchreports.biz/) Marketresearchreports.biz is the most comprehensive collection of market research reports. Marketresearchreports.biz services are especially designed to save time and money of our clients. We are a one stop solution for all your research needs, our main offerings are syndicated research reports, custom research, subscription access and consulting services. We serve all sizes and types of companies spanning across various industries. Contact: M/s Sheela, 90 State Street, Suite 700, Albany NY - 12207 United States Tel: +1-518-618-1030 USA - Canada Toll Free 866-997-4948 Email: sales@researchmoz.com Website: www.marketresearchreports.biz Big Data in Retail