Special Report: The Retail Industry is implementing Actionable Analytics in ground-breaking ways

Chicago, IL | 18 October 2011

Manthan Systems predicts that actionable analytics applications are set to transform retail enterprises with improved decision support that leads to business action

Manthan Systems, a leading provider of retail BI and analytics solutions, recently released a special report ‘Business Intelligence: Moving from View Points to Action Points’ which highlights the growing demand for actionable Business Intelligence (BI) in the retail industry. The industry is deploying analytics solutions that offer real time decision-support and specific recommendations to action enabling focused performance improvements across each department in the retail enterprise, states Manthan’s report.

Says Atul Jalan, CEO, Manthan Systems; “The recent economic downturn has brought pressure on retailers to put a cap on costs and inventory while having to improve all-round productivity and profits. A new range of actionable intelligence solutions have evolved in response to this need offering help to retailers in everyday decision-making and in responding quicker to next-gen retailing models.”

Report Highlights:

  • In a marked departure from traditional Business Intelligence (BI) models that were focused on information delivery and reporting, a new approach to BI is putting analytics at the core of frontline business processes and operational decision making in the retail industry.
  • This trend completely takes away the complexity associated with traditional Business Intelligence tools. Business Intelligence is embedded across an array of retail functions and analytics is made as simple and easy as using Google or Bing, offering ‘decision-support on a platter’ for the vast majority of non-technical business users in retail.
  • An increased focus on cost controls and performance in the post recessionary retail industry is one of the fundamental drivers for this change towards actionable Business Intelligence.
  • Also fuelling this trend is the critical need among retailers to come up with quicker decisions and faster responses to multichannel and mobile customers and the need to build competitive advantage in a dynamic retail industry.

For more information on actionable analytics and how they are helping retail businesses improve efficiency and time-to-market, download the special report ‘Business Intelligence: Moving from View Points to ActionPoints’

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