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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.

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IT Governance Maximises IT Returns

The Agile Manager

We are more tolerant to external risk factors because we don’t accumulate process debt or technical debt that makes it difficult for us to absorb risk. That the buyer in the auction might have been the firm itself would obviously destroy that perception, but it is obfuscated from the retail consumer.

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Mitigating Capability Risk

The Agile Manager

The business processes that need to be defined, modeled and automated to fulfill that market opportunity will not be established at the front end of a project. 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.