Tag Archives: retail analytics

Getting your hands dirty with data

Posted on 18 Jun 2013 by admin

This week we are happy to introduce and welcome our guest blogger Nirav Dalal. Nirav is currently working with a large KPO and has close to 10 years of overall experience in the analytics and modeling space. In his role …

Posted in Blogs on Analytics, Career in Analytics, Retail analytics | Tagged analytics blogs, career in analytics, retail analytics | Leave a comment

Jigsaw Academy Launches New Video Based Advanced Analytics Courses

Posted on 12 Jun 2013 by admin

Originally Published in PRWeb Jigsaw Academy, a premier online analytics training companies, announces the launch of its video based courses in Retail Analytics, Financial Analytics and Analytics with R. “The mix of video, interactive Q&A sessions and application oriented real …

Posted in Analytics Industry, Analytics Training, Career in Analytics | Tagged analytics career, career in advanced analytics, financial analytics, Indian analytics companies, Online Analytics Training, R, retail analytics | Leave a comment

Using Big Data to Improve Customer Experience

Posted on 9 May 2013 by admin

This week we are happy to introduce and welcome our guest blogger Alastair Kane. Alastair is a freelance writer and has provided this article on behalf of Acxiom a company providing big data analytics services. In this post he talks about …

Posted in Analytics Industry, Blogs on Analytics, Retail analytics | Tagged analytic techniques, analytics in business, Analytics Tools, retail analytics | Leave a comment

Jigsaw Academy Announces the Launch of its Online Certification Course in Retail Analytics

Posted on 12 Mar 2013 by Rayann Bilal

Originally published in PRWeb “The retail industry in India is on a path of unprecedented growth. As the players enter new markets and woo more customers, big data will be at the crux of all significant business decisions. As such …

Posted in Analytics Industry, Analytics Training, Career in Analytics, Retail analytics | Tagged analytics in India, analytics training, retail analytics, Retail in India | Leave a comment

How store-based retailers are moving from general propositions to applying rules to individual customers

Posted on 25 Feb 2013 by Anshuman Acharya

Business Analytics is a science so hidden that it is rarely that one finds it splashed in a full-featured article in a widely-published newspapers. In this New York Times article, staff writer, Charles Duhigg, details how Tesco uses high-end data …

Posted in Blogs on Analytics, Career in Analytics, Retail analytics | Tagged analytics blogs, analytics in business, retail analytics, Retail and analytics | Leave a comment

Applying Analytics in restaurant chains

Posted on 6 Feb 2013 by Snehamoy Mukherjee

Ideal time for applying Analytics to Restaurant Businesses: The restaurant business in India has been a happy hunting ground for many entrepreneurs, big or small. The sector is still seeing high growth and a huge amount of investments, with new …

Posted in Analytics Industry, Blogs on Analytics | Tagged analytic techniques, analytics blogs, analytics training, retail analytics | Leave a comment

Retail Analytics

Posted on 19 Oct 2012 by Gaurav Vohra

Analytics has become of the most powerful tools available to retailers. Aggressive adoption of new age analytic techniques has helped not only e-tailers like Amazon and e-bay but also brick-and-mortar store chains like Wal-Mart, Target and Tesco gain a competitive …

Posted in Analytics Training, Retail analytics | Tagged marketing analytics, retail analytics, retail analytics course, retail analytics training | 1 Comment

Jigsaw Academy celebrates a special milestone

Posted on 16 Oct 2012 by Rayann Bilal

We have now trained over 5000 students and professionals from around the globe. Our students are spread across countries like the US, UK, Australia, Brazil, Portugal, South Africa and even Pakistan among other countries. Our students typically have 2 to …

Posted in Analytics Training | Tagged analytics training, jigsaw analytics training, jigsaw news, jigsaw student review, retail analytics, SAS training | Leave a comment

Defining Customer Loyalty: Why RFM is not the right measure to establish customer loyalty

Posted on 22 Jun 2012 by Anshuman Acharya

Customer Loyalty is one of the terms one hears most abused in the boardrooms of retailers. Marketers would tell you that this particular campaign would drive customer loyalty, store managers would tell you that such and such customer is among …

Posted in Analytics Industry, Retail analytics | Tagged analytics blogs, analytics in business, Analytics Tools, retail analytics, Retail in India | Leave a comment

Selecting a Trade Area

Posted on 1 Jun 2012 by Anshuman Acharya

In the last article, we looked at how retailers estimate their trade area. In this article, we look at how retailers choose their trade areas.The bottom line of any trade-area that a retailer looks at is the profits he is …

Posted in Analytics Industry, Blogs on Analytics, Retail analytics | Tagged analytics in business, retail analytics, Retail and analytics, Retail in India | 1 Comment

Pitfalls in Using RFM technique in Response Modeling

Posted on 18 May 2012 by Anshuman Acharya

We’ve seen before how RFM (Recency, Frequency, Monetary) technique evolved from mail catalog retailers and its popularity because of its common-sense premise, its rather relative easy statistics associated with it, and the easy availability of the data with most mail-catalogue …

Posted in Retail analytics | Tagged analytic techniques, analytics training, retail, retail analytics, Retail in India | Leave a comment

The Birth of RFM (Recency, Frequency, Monetary)–I

Posted on 18 May 2012 by Anshuman Acharya

RFM stands for simply for – How Recent was the last customer visit to the store? How Frequently does she visit the store? What is the total Monetary value of these engagements so far? The beginning of Mail Order During …

Posted in Retail analytics | Tagged analytics in India, retail analytics, Retail and analytics | 3 Comments

5 Reads for Retail Aficionados

Posted on 23 Apr 2012 by Anshuman Acharya

Here are five books that I have read and would recommend to anyone looking to strengthen his/her understanding in retail and the science behind it. Retailing Management by Michael Levy and Barton A. Weitz This remains the bestseller in the …

Posted in Retail analytics | Tagged 5 reads for retail aficionados, books on retail analytics, retail analytics | 2 Comments

The discount folly

Posted on 11 Apr 2012 by Gaurav Vohra

Snehamoy wrote about the effect on brand equity of offering discounts on a regular basis. We got some great responses to the article. Now the “Smart CEO” magazine has published the same article here.

Posted in Retail analytics | Tagged retail, retail analytics, smart ceo | Leave a comment

Why a Retailer Needs to Know Its Trade Area and How to Begin Measuring It

Posted on 2 Apr 2012 by Anshuman Acharya

Defining Trade Area A store’s trade area, also called its catchment, can be likened to its sphere of influence. It measures how far its customer base extends. But there is always the likelihood that a passing Norweigan tourist visits a …

Posted in Retail analytics | Tagged retail analytics, Retail and analytics, Retail in India | 2 Comments

How can an Indian retailer grow from one store to 1000?

Posted on 12 Mar 2012 by Gaurav Vohra

Indian retailers have been singularly unsuccessful in building national chains. If you take away the large corporate driven initiatives like Reliance, Titan and the Future group, it is hard to find examples of retailers who grew from one store shops …

Posted in Retail analytics | Tagged retail, retail analytics, Retail in India | 1 Comment

Brands are dying, Long Live discounts !

Posted on 6 Mar 2012 by Snehamoy Mukherjee

Cherry picking behaviour of Indian Consumers-How brands are being endangered by heavy discounting The flavour of the season, nay the flavour of the year in India is heavy discounting. If you look at online retail, there are deep discounts being …

Posted in Analytics Industry, Retail analytics | Tagged Brands are dying, business analytics, Long Live discounts !, online training, retail analytics | 5 Comments

Retail in India

Posted on 1 Mar 2012 by Snehamoy Mukherjee

How Kirana (Mom and Pop retail) stores are using a hybrid online/offline model to provide value added customer service in India Even before the controversy surrounding the relaxation of FDI norms in Retail exploded in India and obituaries for Kirana …

Posted in Blogs on Analytics | Tagged retail, retail analytics, Retail and analytics, Retail in India | 1 Comment

Analysis of POS System – Which system should a retailer buy?

Posted on 16 Jan 2012 by Anshuman Acharya

When does it make sense for a retailer to switch to a POS system? Actually, every retailer already has a system to manage transactions. This might be as simple as ledger entries or even counting everything that got sold and …

Posted in Analytics Training, Retail analytics | Tagged Point of sale, POS, POS data, retail, retail analytics | 3 Comments

Analysis of POS data – A journey from distrust to collaboration

Posted on 3 Jan 2012 by Anshuman Acharya

POS stands for point of sale. The time-space moment when the cashier presses the “Total” button on his register and the bill whirrs forth from the spool. Or, in the virtual arena, after the short wait as your credit card …

Posted in Analytics Industry, Analytics Training, Retail analytics | Tagged POS data, retail, retail analytics | 1 Comment