5 Biggest BI Challenges Retail Organizations are Facing Today

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5 Biggest BI Challenges Retail Organizations are
Facing Today
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 BI Challenges

• The industry at large has failed to recognize the
  potential of data and channelize it in the right
  direction.
• Only prominent few retailers have been able to
  use the power of data to make impressive strides
  in business and growth.
• Most are either struggling or have failed
  miserably in their attempts to create a seamless
  experience.

www.trantorinc.com/blog/5-biggest-bi-challenges-re
tail-organizations-facing-today/
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Major data and BI challenges that retail is facing

• Unlocking the Power of Data
• Managing Data Silos
• Managing Redundant Reports
• Lack of User-friendly Tools
• Replacing or Reinventing the BI system

www.trantorinc.com/blog/5-biggest-bi-challenges-re
tail-organizations-facing-today/
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Unlocking the Power of Data

• Retail has always been inundated with data,
  theres no need for them to dig mines or setup
  data plants.
• Retail hasnt been able to squeeze anything
  pragmatic out of it.
• Getting the technology to manage data is not
  enough. Well thought out strategy and execution
  plan are required to gain valuable insight.

www.trantorinc.com/blog/5-biggest-bi-challenges-re
tail-organizations-facing-today/
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Managing Data Silos

• Online and physical stores, of many retail
  companies, work in silos.
• Hence, the disconnect is strongly felt when an
  online customer tries to shop from a brick and
  mortar outlet or vice-versa. 

www.trantorinc.com/blog/5-biggest-bi-challenges-re
tail-organizations-facing-today/
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Managing Redundant Reports

• Absence of clear data strategy leads to
  generation of reports that lack actionable
  insights.
• These reports become more of a chore, adding no
  real value to the decision making process.

www.trantorinc.com/blog/5-biggest-bi-challenges-re
tail-organizations-facing-today/
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Lack of User-friendly Tools

• Retailers are investing immensely in BI.
• Their inclination has always been towards
  outdoing their competitors move, adopting
  complex tools in the process. 

www.trantorinc.com/blog/5-biggest-bi-challenges-re
tail-organizations-facing-today/
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Replacing or Reinventing the BI system

• Supplanting or refurbishing an existing BI system
  is an equally laborious and costly job.
• Some of the BI tools are abandoned because they
  are too complicated
•  Hence, companies are often reluctant to get a
  new BI system or mend the existing one.

www.trantorinc.com/blog/5-biggest-bi-challenges-r
etail-organizations-facing-today/
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Takeaways

• The fastest and safest way to data nirvana is by
  partnering with BI specialists.
• Aid your expansion plans and empower you with
  decision-making information.

www.trantorinc.com/blog/5-biggest-bi-challenges-re
tail-organizations-facing-today/