PRTODAY / NewswireToday Free press release distribution service network

More news: Retail/Wholesale
Written by / Agency / Source: NeonDrum Ltd

Check Ads Availability|e-mail Article

Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

Hitachi Consulting UK Outlines Retail Challenges - Business Intelligence failing to address Retailer complexity from Multichannel, Internationalisation and Brand Tailoring Challenges (NYSE: HIT / TSE: 6501) -
Hitachi Consulting UK Outlines Retail Challenges


NewswireToday - /newswire/ - London, United Kingdom, 2011/05/19 - Business Intelligence failing to address Retailer complexity from Multichannel, Internationalisation and Brand Tailoring Challenges (NYSE: HIT / TSE: 6501) -

Your Banner Ad Here instead - Showing along with ALL Articles covering Retail/Wholesale Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


Managing the complexities of integrated multichannel eCommerce, internationalisation into new markets, and tailoring brands to different buyers are retailers’ top three areas of focus for 2011, according to Hitachi Consulting UK’s Retail Vision Report: 20 Technology Challenges from 20 Leading Retailers. However, despite many retailers having several leading BI tools in place, the report highlights a growing gap between business intelligence capabilities and business requirements, resulting from lack of alignment to the business process, gaps in the data, and inadequate reporting from the retailers’ existing Business Intelligence systems - many of which have not been properly aligned or deployed.

Hitachi Consulting conducted qualitative interviews with 20 of the UK’s leading retailers, including Debenhams, Waitrose, River Island, Halfords, Shop Direct Group, ThorntonsPlc, TK Maxx, BHS, Argos, Signet Trading and ATS Euromaster among others. The report identified 20 areas of IT focus (and frustration) for UK retailers in 2011:

1. Double-edged sword of managing multichannel eCommerce and increasing customer complexity;
2. Managing business expansion into new markets, including through joint ventures and franchises;
3. Tailoring brands, ranges and promotions to multiple or new channels and markets;
4. Significant uplift in operational complexity arising from strategic business initiatives;
5. Reporting capabilities not keeping pace with business demands;
6. Lack of business clarity from existing systems;
7. Customer data locked in source systems and not available in corporate information systems;
8. Difficulty in extracting and manipulating meaningful data from corporate information systems;
9. Reliance on IT information across almost every job function and business area;
10. Almost every job function is less than very satisfied with their BI provision, including the executives who sign off the cheques!
11. Those in online are significantly more satisfied with their BI services than those in multichannel;
12. BI is not closely enough integrated to the business process;
13. There’s a strong appetite to get closer to real time information;
14. Information requires significant rework before it can be presented;
15. ‘Spreadsheet Spaghetti’ is still prevalent;
16. Desire to improve data reporting capabilities, including dashboards and complex analysis;
17. Mobile is still not central to BI plans;
18. Patchy success rates even with multiple business intelligence systems deployed;
19. Concerns over customer, product, supplier and finance data;
20. Inability to mine data around specific issues to validate and support business plans.

“Every one of the retail organisations we spoke to has already deployed market leading BI systems, and some are running four or five different BI Systems simultaneously in an attempt to keep pace,” said Chris Gates, Director of Retail Solutions at Hitachi Consulting UK. “The problem isn’t the tools, but rather the way they’re being deployed. Given that success or failure depends on how quickly retailers respond to rapidly changing conditions, retailers need to re-examine their BI strategy, and tailor their systems to their unique requirements. Being able to effectively address BI challenges - such as increasing levels of customer complexity in multichannel eCommerce and the need for fast, accurate, in-depth analysis and reporting - are core to achieving the agility that retailers need to succeed.”

As part of its Retail Business Intelligence Best Practice, Hitachi Consulting UK has outlined the Golden Rules of Profitable Business Intelligence to help retailers maximize their technology investments and provide the insight required to help facilitate growth and profitability.

About Hitachi Ltd
Hitachi, Ltd, (NYSE: HIT / TSE: 6501), headquartered in Tokyo, Japan, is a leading global electronics company with approximately 360,000 employees worldwide. Fiscal 2010 (ended March 31, 2011) consolidated revenues totaled 9,315 billion yen ($112.2 billion). Hitachi ( will focus more than ever on the Social Innovation Business, which includes information and telecommunication systems, power systems, environmental, industrial and transportation systems, and social and urban systems, as well as the sophisticated materials and key devices that support them.

About Hitachi Europe Ltd
Hitachi Europe Ltd is a wholly owned subsidiary of Hitachi, Ltd., Japan. Headquartered in Maidenhead, UK, it has operations in 11 countries across Europe, the Middle East and Africa and employs approximately 460 people. Hitachi Europe comprises of nine business areas: air conditioning and refrigeration systems; digital media and consumer products; display products; industrial components and equipment; manufacturing systems; information systems; power and industrial systems; power devices and procurement and sourcing. Hitachi Europe also has three Research and Development laboratories and a Design Centre.

For further information, please contact: Vanessa Land, Devonshire Marketing - T: 0870 242 7469

Distributed by news distribution service on behalf of Devonshire Marketing.

Your Banner Ad Here instead - Showing along with ALL Articles covering Retail/Wholesale Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


Written by / Agency / Source: NeonDrum Ltd


Availability: All Regions (Including Int'l)


Traffic Booster: [/] Quick Newswire Today Visibility Checker


Distribution / Indexing: [+]

# # #
  Your Banner Ad showing on ALL
Retail/Wholesale articles,
CATCH Visitors via Your Competitors Announcements!

Hitachi Consulting UK Outlines Retail Challenges

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

Publisher Contact: Liz Hartney - 
+44 7510 518732 news[.]
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any NeonDrum Ltd securities in any jurisdiction including any other companies listed or named in this release.

Retail/Wholesale via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY

Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

Read Latest Articles From NeonDrum Ltd / Company Profile

Read Retail/Wholesale Most Recent Related Newswires:

Solar Startup Kickstarts a New Way to Charge Your Tech
World's First See through 'Child On Board' Sticker Prevents Accidents, Promotes Safety
Retail IT Specialist Detego Launches New Software for Omni - Channel Retailing
Online Grocery Store Somaya’s Kitchen Launched in the United Kingdom
Author & CEO of Market Viewpoint, Angela Megasko Presents At MSPA-NA’s Annual Shopperfest in Las Vegas, Nevada
Oracle and Snapchat Measure Impact of Snap Ads On Sales in Stores
Russian Grocery Leader O’KEY Selects JDA to Drive Higher Sales and Profits
Rose Pharmacy Leverages JDA Merchandise Management System to Improve its Customer-centric Focus
RAANGE Interactive Secures One Million Customer Leads in 6 Months for Retailers
ARCH Design Relocates to 30,000-Square-Foot Facility
Azoth Analytics Releases 2015-2020 Global Handbags Market Trends, Opportunities and Forecasts
spexGrip Introduces Innovative Glasses Holder
Belle Lingerie Celebrates 10 Years of Online Trading
iControl Recognized as One of the Best Entrepreneurial Companies in America by Entrepreneur Magazine
Aurorae Launches Aqua Division with Sport & Swim Towel Line

Boost Your Social Network
& Crowdfunding Campaigns

NewswireToday Celebrates 10 Years in Business




  ©2017 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (