Research & Advisory

cloudcover

RealTime Customer Data In The Cloud

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Product Overview

Date of PublicationOctober 28, 2017
GeographyWorldwide or by Region
LicenseEnterprise-Wide Internal - Subject to Fair Use License
FormatAdobe PDF

In this paper we reveal the opportunities that come from getting to a single version of the truth on customer data and how leveraging a cloud data lake allows for realtime views and the integration of big data, machine learning, and AI in a disciplined way that grows sales.

We would like to thank Amazon Web Service for their sponsorship of this paper.

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Key Observations:

  • Retailers that can leverage their customer preferences in all channels enjoy an average sales increase 110% higher than those retailers that do not.
  • Those who are able to leverage a central customer data set to promote each channel from another channel average increase sales 107%.
  • Getting to a single data set allows retailers to leverage Big Data, AI, and Machine Learning technologies to gain deeper knowledge and increase sales.

This is only 4 pages, download for preview.

 

 

Is this product really free?
Yes. While AWS did sponsor the research, we are agnostic in our analysis and this is generic and can be leveraged as a road map to leveraging the cloud for a single version of the truth. The research that you will read is our perspective on the subject and benefits, absent of any bias towards a specific vendor approach.

For more information, please feel free to contact us.

This product is free. We would ask that you adhere to our license agreement with regards to quoting sections of the research. Our full license agreement may be found below.

IHL Group License and Fair Use Agreement

All of IHL Group’s generally available research are electronic licenses and can be shared freely within the purchasing organization and wholly owned subsidiaries. We only ask that this information not be shared with partners or others outside the purchasing company without authorization from IHL Group. The license does not extend to joint ventures or other partnerships. If the relationship is not a wholly-owned subsidiary, then both parties would need a license.

Practically, this implies the following:

  1. The purchasing company can use the data and research worldwide internally as long as the international organizations are wholly owned subsidiaries of the purchasing company.
  2. The data or any research cannot be distributed in whole or in part to partners or customers without express written approval from IHL Group.
  3. The purchasing company may quote components of the data (limited use) in presentations to customers such as specific charts. This is limited to percentage components, not individual unit information. Unit data cannot be shared externally without express written approval from IHL Group. All references to the data in presentations should include credit to IHL Group for the data.
  4. The purchasing company can reference qualitative quotes in printed material with written approval from IHL Group.
  5. All requests requiring written approval should be submitted to ihl(at)ihlservices.com and will be reviewed within one business day.

For any questions regarding this policy, please contact us at 1-888-IHL-6777 (North America) +1.615.591.2955 (International) or email us at ihl(at)ihlservices.com.