From driving bottom line growth by optimizing store execution to maximizing customer life time value through hyper personalization, you would have heard that limitless possibilities data can unlock. However, despite being a data-rich industry, often retailers fail to convert the ones to twos. Only handpicked organizations are actually able to institutionalize advanced analytics-based decision intelligence systems to arm the strategic and tactical decision makers and realize the benefits. Wonder why?
Often IT and Data teams build solutions that are applicable for hyper local scenarios leaving growth potential confined to fractional opportunity value. Data strategy and COE teams ought to focus on building scalable frameworks
Building siloed solutions with low to no interconnectedness across the insight of the supply chain results in revenue leaks. Top line or bottom line growth can only be possible if all hands meet
Lack of scalable systems to operationalize insights into actions is as good as no insights. This can only be achieved through simplified insight consumption and governance systems in the hands of all decision makers