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	<h1>Big Data - a must for the retail industry</h1>
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			<span class="post-date">Apr 21</span>

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				Posted by <a href="/forum/user/431-nitin-sinha">Nitin Sinha</a>				in <a href="/resources/sigmaway-blog/analytics">Analytics</a>			</span>
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	<p>The power of Big Data is used by many industries ranging from healthcare to finance and automobile manufacturer to government. But, a recent survey showed that the retail sector is not an ardent participant in using big data. Research by eCommera reveals that only 23% of UK retailers are able to interpret data quickly for making business decisions, 16% of them are confident about how to use this data to get a clear picture of their requirement and 50% said that they do not have correct business intelligence tools.</p>
<p>It is data, more appropriately Big Data, which will be the future driver in the retail sector. So, to be able to survive stiff competition, it is vital that you should properly use it and interpret it. The question is how will you progress? You will face challenges and you should overcome it.</p>
<p>So, what are they and how should you mitigate them? Caroline Baldwin from ComputerWeekly.com writes about them here:&nbsp;<span style="font-family: Calibri, sans-serif; font-size: 11pt; line-height: 115%;">&nbsp;</span><a href="http://www.computerweekly.com/news/2240218550/Are-retailers-using-data-analytics-to-their-advantage" target="_blank" style="font-family: Calibri, sans-serif; font-size: 11pt; line-height: 115%;">http://www.computerweekly.com/news/2240218550/Are-retailers-using-data-analytics-to-their-advantage</a>.&nbsp;</p></div>

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		<a href="/blog/tags/retail-industry">
		<span itemprop="keywords">Retail industry</span>
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		<a href="/blog/tags/big-data-1-2">
		<span itemprop="keywords">Big Data</span>
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