While there are many low-tech tips and high-tech devices that help eliminate shrink and pinpoint operational inefficiencies, data analytics provides the best solution for anticipating when and how problems occur. Data analytics systems analyze human behavior and other key factors to help anticipate an event before it happens and experts agree that these types of systems reduce preventable loss, streamline operations, and improve profitability.
However, one of the challenges that many teams encounter is getting a data analytics system implemented quickly and ensuring their information technology (IT) team is on-board with the decision. In some cases, the loss prevention or operations team involves IT too late. In other cases, IT has other priorities and cannot free up resources.
This 9-page whitepaper provides seven tips on how you can implement a data analytics system that IT will love. This paper is based on interviews with IT, loss prevention, and operations experts who utilize data analytics systems and the IT departments who have implemented those systems.
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