In some cases, the term “Six Sigma” is cryptically applied to describe a measure of quality adopted by a business organization. Truth be told, there’s a lot more to Six Sigma than simply the formless perception some may have of its principles.
Essentially, this data-driven philosophy gets its name from the six standard deviations used as guidelines to keep business defects firmly in check and within established specification limits. Year after year, Six Sigma continues to be a keystone of the business world, opening the doors for rising professionals to embrace the tenets that have already led so many to prosperity.
Continue reading “How Amazon Uses Six Sigma and You Can Too”
What is our Spikes & Dips Series?
Intelligence Node’s Spikes & Dips series tracks the retail price change of a basket of products spread across online retailers using our real-time retail analytics software. ‘Spikes & Dips’ covers the top 1000+ leading North American e-commerce retailers and is continuously monitored by proprietary market-monitoring algorithms. Intelligence Node’s algorithm processes approximately 750mn products daily and are taken from real-time, live data. All benchmark indexes are tracked in real-time, however, updates will be published in our monthly State of E-commerce newsletter.
Continue reading “Spikes & Dips May 2016: State of E-commerce in the US”
The retail space has certainly long known that pricing is a key factor in a customer’s decision whether to purchase a given product or service. However, while how much something costs is far from the only element influencing the sales process, pricing strategies continue to evolve as the marketplace becomes more and more crowded with emerging retailers. In particular, discount pricing — itself a tried-and-true method of boosting sales — has become less about simply dropping price points and more about strategically adjusting to fit the ever-changing nature of the market.
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Retail has always been and will always be about choices. Brands and retailers strive to offer the widest and deepest assortment possible to attract substantial consumer traffic. Among other things, success in mass retailing heavily depends on pricing and promotions. The present day challenge for brands and retailers is to sift through the increasingly competitive, complex and ever-growing retail universe. The proliferation of open source platforms like Magento and mobile commerce solutions has led to a huge spurt in online retailers.
Continue reading “Real-Time Dashboards Are The New Retail Battleground”
Fantasy, fiction, flirty or flighty, The Amazon Indian Fashion Week in the capital was a delight! And compelling enough, that we have to talk about it!
There was a lot of reinvention at the Amazon Fashion Week. Amazon.in, the Indian portal by the International E tail giant, has been taking baby steps in terms of fashion and apparel in India. But the fashion week was not a baby step, it was a giant leap. And a huge success!
The opening show itself, by Rajesh Pratap Singh, was ‘dauntingly haunting.’ With models dressed in monochromes, the attention was on hospital beds and blood stain colors.
Continue reading “Glimpses- Fashion, Amazon Indian Fashion Week, Data Derivatives”
Till date, it was just the promise of big data. The fact that big data has great predictive power compelled many organizations to adapt to it. Companies started taking notice of the potential of big data. Slowly but surely, big data and its many complimentary benefits have grabbed eyeballs.
New methods are being discovered daily, to grab customers’ attention. Big data analytics has given wings to organizations. Be it sales, logistics, customer retention, etc, big data analytics delivers. With the promise of prediction, especially in retail sales, Amazon came up with concepts like drones to quicken delivery time.
Kudos to efficient service! As if that was not enough, they recently came up with anticipatory shipping. Sounds intriguing?! That is because it is…
Continue reading “Amazon’s Anticipatory Shipping – New Trends”