Data....Data....Everywhere! In a world where everything is connecting and collecting data, wouldn't it be great to understand and know what truly impacts your business.READ MORE
Before the terms, big data, unstructured data, omnichannel, Iot, Internet of Things & SOMOLO were coined, we had mainframes, ERP systems and data warehouses (and by the way, we still do). You could make the claim that big data started in the 1950’s with IBM’s “Big Iron” and “Big Data Processing” to handle mixed work-loads.
One misconception is that retailers send clean data. This simply is not the case. The cleansing and validation of the data is critical. Invalid data will give you invalid results. Retailers often send incomplete data. They also send duplicate data. In addition, they tend to “recast” previously sent data. Thus, how does one distinguish between duplicate and recast data? How do you identify missing fields? How is it rectified and re-loaded? What are the business rules? How is it modeled for reporting that is specific to Point-of-Sale data? Can it be integrated with internal data such as shipments, forecasts, budgets, etc.? How do you identify and analyze promotions? How can you predict problems before they impact your bottom line? Do you have the time and knowledge to shift through all this data to find only the nuggets that contain actionable information?READ MORE