business intelligence in retail

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Business Intelligence in Retail How BI leads to better sales! By Josh Sutherland

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  • 1. Business Intelligence in Retail
    How BI leads to better sales!
    By Josh Sutherland

2. What is Business Intelligence?
Business intelligence is using data to make better decisions
This is done by taking raw data and converting that data into actionable information (well go into detail later about how that transfer occurs)
3. How is BI useful in retail?
I will present a common problem in retail
Then I will show you how BI can solve that problem
4. Scheduling and use of payroll
BI can tell you through the use of traffic counters how much traffic you received throughout the day in a report or graph form
Purchasing patterns can also be analyzed by time of day
The manager can then analyze the traffic patterns to staff the store accordingly
5. BI and KPIs
What are KPIs?
Can be used to analyze how well the business is performing
What is selling?When is it selling?
What approach to selling is creating the best KPIs?