Scottsdale, AZ (PRWEB) June 19, 2013
Clear Demand, retail pricing strategy leader, announces the first omni-channel retail pricing solution, architected on big data and delivered as a multi-tenant Software-As-A-Service (SaaS) solution on the cloud (private or public) for minimal disruption to retail business process. Clear Demands omni-channel retail pricing solution addresses the complete lifecycle of pricing from everyday price through promotions and markdowns and uses price optimization and other innovations specifically designed for competitive and rule-based pricing, both online and in-store.
Clear Demand has published a white paper on Clear-Demand.com entitled Big Data Converges with Omni-Channel Retailing for Competitive Advantage to provide clarity on the two timely concepts together with guidance for merchants to compete more effectively.
According to research published by McKinsey & Company, big data is a Top 10 corporate priority; will become a key basis of competition and when fully utilized by retailers can increase operating margins by more than 60 percent. This and other research underscores the timeliness of big data in retail and creates an opportunity for nimble companies to innovate and deliver value.
Clear Demand believes that retailers should approach their big data initiatives within the broader context of their omni-channel strategies. According to Greg Girard, of IDC Research in his research report entitled The Renaissance of the Store, they’re [Omni-channel retailers] employing a bevy of technologies, revamping enterprise processes across marketing, ecommerce, stores, supply chain, and fulfillment, managing reams and streams of digital content and big data, and re-skilling their associates with a single intent – embrace and enhance their customers’ online inside experience as an integral lane in their Omni channel path to purchase.
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Clear Demand, leveraging more than 15 years in the pricing technology space, has responded with a new generation of omni-channel pricing architecture based on big data.
“Big data is a game-changer in omni-channel retailing but it is not the complete solution,” said Jim Sills, CEO for Clear Demand. The complete solution requires new capabilities which interpret big data inter-connections and generate actionable intelligence for merchants. We are pleased to be leading the industry with pricing solutions that facilitate the shift from more data to more business information delivered at the point of decision.
Clear Demands pricing solutions leverage big data in order to answer vexing omni-channel retail strategy questions such as:
1.