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Data Mining Problems in Retail

Highly Scalable

Retail is one of the most important business domains for data science and data mining applications because of its prolific data and numerous optimization problems such as optimal prices, discounts, recommendations, and stock levels that can be solved using data analysis methods. However, many of these models are highly parametric (i.e.

Retail 152
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Mitigating Capability Risk

The Agile Manager

These are not problem domains that lend themselves to a divide-and-conquer approach, they are domains that require a discover-collaborate-innovate approach. A recent quote from Shari Ballard, EVP of Retail Channel with Best Buy, highlights this: 'Look at why big companies die. They implode on themselves.