Dear Security Professional,
Recently, there has been a shift in the market of security
technologies. 'Data mining' is getting increasingly more
effective and is helping retailers gain greater business
intelligence. It is crucial for retailers to remain up-to-date
and educated on this fairly new topic, which is being viewed as an
evolutionary step that will ultimately change the way we operate all
areas of our businesses.
Check out our newest white paper on data mining, and how it can
help retailers gain efficiencies across their operations.
The article also provides examples of how two retailers
utilized data mining and business intelligence to improve
efficiency and reduce loss due to theft:
A large clothing apparel retailer, sought out a solution to provide
the business with a better way to track store efficiency and
effectiveness. Store Operations led an initiative in an effort to
identify low performing stores and train managers on how to run the
stores with a higher close rate and profitability.
Read about how they did this.
A loss prevention associate at a large grocer, while looking into a
case regarding shrinkage at one location, noticed that the
inventory of prime rib did not match the sales. In the end, because
of the merging of both security and business data, the grocer was
able to mine the data and associated video, giving them the ability
to tie multiple people to extensive theft.