From Data to Knowledge: A Cognitive Approach to Retail Business Intelligence

Author(s):  
Atsushi Sato ◽  
Runhe Huang
Author(s):  
Sami Akabawi ◽  
Heba Hodeeb

To compete successfully in today’s retail business arena, senior management are often demanding fast and responsive Information Systems that enable the company not only to manage its operations but to provide on-the-fly performance measurement through a variety of tools. Use of (ERP) systems have been slow in responding to these needs, despite the wealth of the internally generated business databases and reports as a consequence of functional integration. The specific nature and demands by those senior management staff require the congregation of many external data elements and use data mining techniques to provide fast discovery of performance slippages or changes in the business environment. Data Warehousing and Business Intelligence (BI) applications, evolved during the past few decades, have been implemented to respond to these needs. In this case write-up, we present how the ERP system was utilized as the backbone for use by BI tools and systems to provide Sales and Marketing units in a transnational company subsidiary in Egypt to actively respond to the demands for agile information services. The Egypt subsidiary is the HQ of the African region’s operations of several franchises and distributers of the company products, in addition to operating a beverage concentrate manufacturing plant in Egypt, which services the entire region’s beverage products needs.


Author(s):  
Patrick N Nwinyokpugi ◽  

The contemporary retail outlets are no more run by manual practices given the electronic nature of company to customers (C-C); customers to customers (C-C) transactions globally. The application of business intelligence has given an edge to retail outlets operation. This study therefore, strives to examine the relationship between business intelligence application and retail business sustainability in Rivers State, Nigeria. The study used descriptive research technique through the adoption of cross- sectional survey design. Nine judgmentally sampled retail outlets especially large scale malls & superstores were studied in Port Harcourt base on their inherent electronic driven operations. Using structured closed ended questionnaire, 45 census senior managers of these sampled retail outlets were studied. Data gathered were analysed using the Pearson Product Moment Correlation Coefficient (PPMCC) statistics and presented with the aid of SPSS version 20.0 for easy interpretation. The results of analysed data showed that, the dimensions of business intelligence application which included but not limited to customers’ performance management, data warehouse, data mining and advanced data visualization significantly correlated positively with the measures of retail business sustainability being profitability and customers’ patronage. The finding also showed a high moderating effect of organizational culture on business intelligence application and retail business sustainability in Rivers State, Nigeria. Relying on the empirical findings, the study concluded that business intelligence application has positive significant relationship with retail business sustainability. It is therefore recommended that, the dimensions of business intelligence: customers’ performance management, data warehouse, data mining & advance data visualization identified in this study should be utilized as it enhances retail business operational sustainability.


Author(s):  
Sami Akabawi ◽  
Heba Hodeeb

To compete successfully in today’s retail business arena, senior management are often demanding fast and responsive Information Systems that enable the company not only to manage its operations but to provide on-the-fly performance measurement through a variety of tools. Use of (ERP) systems have been slow in responding to these needs, despite the wealth of the internally generated business databases and reports as a consequence of functional integration. The specific nature and demands by those senior management staff require the congregation of many external data elements and use data mining techniques to provide fast discovery of performance slippages or changes in the business environment. Data Warehousing and Business Intelligence (BI) applications, evolved during the past few decades, have been implemented to respond to these needs. In this case write-up, we present how the ERP system was utilized as the backbone for use by BI tools and systems to provide Sales and Marketing units in a transnational company subsidiary in Egypt to actively respond to the demands for agile information services. The Egypt subsidiary is the HQ of the African region’s operations of several franchises and distributers of the company products, in addition to operating a beverage concentrate manufacturing plant in Egypt, which services the entire region’s beverage products needs.


2010 ◽  
Vol 09 (02) ◽  
pp. 171-181 ◽  
Author(s):  
Ipek Deveci Kocakoç ◽  
Sabri Erdem

As a result of today's competitive business environment, companies have been trying to improve the utilization of funds effectively in their budgets for information technology investments. These companies retrieve more information with the same set of resources by means of business intelligence methods. According to Rubin (Chabrow, 2004) IT budgets are not simply declining or levelling off, rather, companies are shifting from a pure cost-cut mode to a model that emphasises agility and efficiency. Tremendous daily growth of the company data requires more funds and investment for establishing the technologies and infrastructure necessary for gathering fast and crucial information that supports the decision making process. This necessity gave birth to various business intelligence methods, which mainly aim to process mass amount of collected data from their existing application, and represent it in a way with which companies can apply to their daily competitive decisions. This application primarily concerns the implementation of business intelligence for a retail business company. The aim is to implement built-in business intelligence solutions of the Microsoft SQL Server that holds the commercial information of the company for the past three years. The customer company has already been using Microsoft products. The key items used for analyzing data are sales, momentary inventory and logistics information. The application can be grouped in five main areas: Building the data warehouse, constructing OLAP cubes, applying data mining algorithms on OLAP cubes, representing the results in reports with reporting services, and implementation.


2012 ◽  
pp. 1064-1084
Author(s):  
Sami Akabawi ◽  
Heba Hodeeb

To compete successfully in today’s retail business arena, senior management are often demanding fast and responsive Information Systems that enable the company not only to manage its operations but to provide on-the-fly performance measurement through a variety of tools. Use of (ERP) systems have been slow in responding to these needs, despite the wealth of the internally generated business databases and reports as a consequence of functional integration. The specific nature and demands by those senior management staff require the congregation of many external data elements and use data mining techniques to provide fast discovery of performance slippages or changes in the business environment. Data Warehousing and Business Intelligence (BI) applications, evolved during the past few decades, have been implemented to respond to these needs. In this case write-up, we present how the ERP system was utilized as the backbone for use by BI tools and systems to provide Sales and Marketing units in a transnational company subsidiary in Egypt to actively respond to the demands for agile information services. The Egypt subsidiary is the HQ of the African region’s operations of several franchises and distributers of the company products, in addition to operating a beverage concentrate manufacturing plant in Egypt, which services the entire region’s beverage products needs.


2018 ◽  
Vol 41 ◽  
Author(s):  
David Hirshleifer ◽  
Siew Hong Teoh

AbstractEvolved dispositions influence, but do not determine, how people think about economic problems. The evolutionary cognitive approach offers important insights but underweights the social transmission of ideas as a level of explanation. The need for asocialexplanation for the evolution of economic attitudes is evidenced, for example, by immense variations in folk-economic beliefs over time and across individuals.


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