Home / Knowledge / News / Information Technology / Retailers opt for BI tools to boost business
Retailers opt for BI tools to boost business
01
Jun '11
Today, retailer's primary focus, apart from understanding and satisfying the consumer's needs, and preferences, is also on minimizing the lag time.

This is possible only when their business activities are appropriately shored up by Business Intelligence capabilities. Unlike the old processes, BI emphasizes the flow of information back and forth, i.e. from operational to analytical, and vice versa.

Through appropriate BI capabilities, retailers are able to know who is buying their product or service, and why. They gain meaningful insights about various factors that manipulate the customer's buying decisions.

They are able to capture signals from the supply chain and operational processes, and exploit them to drive their business efficiency into new and higher levels.

Traditional concept of BI involved expensive and high-end software. Modern BI process is enriched with alternative technologies, and improved methodologies to provide solutions to businesses beyond financial issues. BI is a concept that is still growing and businesses are demanding new solutions everyday.

Click here to read the complete article.

Fibre2fashion News Desk - India


Must ReadView All

Apparel/Garments | On 25th Jun 2017

Half of 7,000 new apparel online each day target women

Adobe has released its first Digital Price Index for apparels,...

Textiles | On 25th Jun 2017

First Insight, Chico's FAS enter partnership

First Insight, a technology company transforming how retailers make...

Apparel/Garments | On 25th Jun 2017

Expand changing use of social and web resources

With over 400 million impressions to date and web traffic of over two ...

Interviews View All

Akash Khetan
Narayan Tex Fab

I find it hard to find professionals in Surat

Shawn Honeycutt
Bolger & O'Hearn

‘The Indian market is interesting and rather persistent in seeking new...

Nuno Venda
ROQ

‘There has been an increase in demand for water based inks, rather than...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
June 2017

June 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search