Successfully reported this slideshow.

Real-time Analytics: The Path to Intelligent Retailing Infographic

4,793 views

Published on

http://spr.ly/AA_Retail - Power has shifted in the retail industry – and consumers are now in control. With access to more data than ever before, consumers can quickly compare you against the competition and make buying decisions in an instant. This is true whether you’re a big box store, boutique, or e-retailer.

Published in: Technology
  • Be the first to like this

Real-time Analytics: The Path to Intelligent Retailing Infographic

  1. 1. Real-time Analytics:The Path to Intelligent RetailingPower has shifted in the retail industry – and consumers are now in control. With access to more data than ever before,consumers can quickly compare you against the competition and make buying decisions in an instant. This is true whether you’rea big box store, boutique, or e-retailer.With real-time data analytics, companies can now act as fast as their customers – leveling the playing field by moving from data toactionable decision in an instant. What are you doing to maximize the value of your data?How much datado you have?Can you act on the data you have?55%The issue isn’t a lack of data,it’s about overabundance.It’s not easy analyzing mountains of information.How important is analytics?Better, faster insight leads to better, faster decisions.of companies have moredata than they can act upon.188%of retail companies haveissues generating actionableinsight from their data.243%of company data is deemedactionable by retailers onaverage.316%of retail organizationsare using information toidentify strategic andcompetitive advantages.470%of retail executives regarddata analytics as a “corecomponent of strategyand planning.”5NearlyOnly OnlyWhere can analytics help?Key areas using data analytics to supportstrategic decisions include:8Aren’t data analytics just for megaretailers?Whether you’re big or small, better insight means better decision making.How important is speed?In a real-time world, you need real-time analytics.61%of merchants can’t getinformation fast enough toreact to what’s happening now.635%of retailers are leaving room intheir budgets to give employeesimmediate mobile access to businessintelligence tools and data.7“Even the smallest companiescan no longer get a clear pictureof the overall health of theirbusiness without the help ofanalytics.”9• Customer insight (68%)• Brand and productmanagement (64%)• Pricing decisions (50%)• Market expansion (45%)• Operating model optimization (37%)• Portfolio rationalization (23%)10110 11100 01pssf ba0001fadmho0001e1fadmoaWhat kind of benefitscan be expected?Major retailers have seen these gains:Greater efficiencies for store and channel operationsMore intelligent space and product allocationIncreased inventory accuracyHigher customer retention ratesMove from data to decision fasterthan you ever thought possible.Find out how analytics solutions from SAPcan help you at www.sap.com/analyticsforretail.Sources1. 2012 SAP UK Retail Industry Research, Loudhouse.2. 2012 SAP UK Retail Industry Research, Loudhouse.3. 2012 SAP UK Retail Industry Research, Loudhouse.4. SAP Performance Benchmarking, 2012.5. “Retail Industry Pulse Survey,” KPMG LLP, 2011.6. “Retail Business Intelligence: A Work in Progress,” RSR Research,October 2012.7. “Retail Business Intelligence: A Work in Progress,” RSR Research,October 2012.8. “Retail Industry Outlook Survey: Modest Gains Keep CautiousOptimism in Style,” KPMG LLP, 2012.9. “Retail Business Intelligence: A Work in Progress,” RSR Research,October 2012.© 2013 SAP AG or an SAP affiliate company. All rights reserved. CMPID 24816The Best-Run Businesses Run SAP™

×