Implementing A Retail BI Solution
Surprisingly, integrating existing retail systems into a fully
integrated platform to support BI is relatively easy for most companies.
In most cases, the required systems are in place, they just need
a common architecture layer to connect them, and the BI applications.
The key to rapid deployment is engaging an implementation partner
who posses both a solid understanding of retail environments and
have experience in implementing retail business intelligence solutions.
The focus should be on how to use and share information, rather
than how to access it. This knowledge transfer between the implementor
and the business is a critical component of the implementation.
A retail business intelligence project should take no more than
three to five months, and once complete, all users should rapidly
progress beyond basic use to more advanced analytical capability.
Keep it Simple
Business Intelligence in most retail companies is located in spreadsheets
and a few disparate repositories. This integration is not necessarily
complicated, nor does it require a massive training program.
For instance, one large retailer deployed a BI solution to 1,500
merchants around the world as well as to thousands of suppliers,
based upon a one-page training document that had users active within
a very short period of time.
Integrated retail BI provides the right data, at the right
time, to everyone. Time previously wasted accessing unreliable
data, with limited knowledge on how to apply it effectively, is
now deployed in collaborative strategic analysis of new threats
and opportunities. It is this widely devolved strategic planning
process that drives success.
Next: Business Benefits
of A Retail BI System
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More Detail on Retail BI Strategy, Program & Technology
Index | BI Strategy | Complexities
| Barriers | Retail
IT Systems | BI IT Optimisation
| BI Evolution | Integrated
Retail BI | Implementation
| Business Benefits | RMS