Seamless and personalised experiences are essential in today’s increasingly crowded retail market. Consumer expectations, and the desire to shop in various ‘channel-hopping’ ways, means that being able to deliver seamless experiences across each touch point across every channel is the only way to win consistent customer loyalty. 2018 has seen many retailers embrace technology as...
Tag: Master Data Management
How to minimise stock wastage with data
Stock wastage has been highlighted as one of the big issues in the retail industry recently with the news that Burberry destroyed unsold clothes, accessories and perfume worth around £28.6m last year alone. In the past five years, £90m worth of unsold stock has been destroyed by the fashion house to protect the exclusive nature...
How Retailers can capitalise on Waistcoat Wednesday and not run out of stock
The 2018 world cup is over, and as Russia looks forward to utilising the stadiums and feel good factor to create a lasting legacy for their nation, fashion retailers and clothing manufacturers are also rubbing their hands together having benefited from a somewhat unusual legacy set by England Manager, Gareth Southgate and his “waistcoat.” Southgate has...
How to Increase Profits with Master Data Management and Analytics
Master Data Management (MDM) has been an IT industry buzzword for the last ten years. Outside of the world of CIOs and IT managers, it has been associated with the worst trends in business management: 3-letter acronyms that don’t mean much to anyone not in the loop. This can make the initial task of generating...
The Importance of Protecting your Data: HTTPS and GDPR
2017 was a bad year for data security. High-profile breaches such as Yahoo, Equifax and AA were in the news throughout 2017 and are becoming greater, not just in frequency but in scale as well. The Yahoo hack was calculated to have affected 3 billion user accounts, and the Equifax breach affected around 143 million...
Master Data Management, Part 2 – Not Just a Regulation Tick-Box
In part one of this series, We explored the regulation benefits of deploying a Master Data Management (MDM) solution. In part two, we will examine the benefits of MDM on an organisation’s data processes and analytical capabilities. Just as MDM can get an organisation’s data processes up to the new standards of the General Data Protection Regulation...
Master Data Management, Part 1 – Your Solution to GDPR
Master Data Management (MDM) can solve many of the challenges faced by enterprises of all sizes. A true MDM solution delivers a unified view of an organisation’s data. By improving visibility into an organisation’s data, source information and customer records, an MDM solution keeps data highly accurate, relevant and useful. A challenge that all businesses,...