Focus {05}
Commerce data
What would a small store do with the data only big retailers have?
Why it matters
Big retailers know what sells, where and when, and plan around paydays, school terms and holidays. Small stores sit on the same kind of data in their tills and online stores, and rarely have the time or tools to use it.
What we want to testQuestions for the lab.
- 01
Which three numbers would change how a small store buys stock?
- 02
Can shared, anonymous data from many small stores tell them more than one big retailer knows?
- 03
Can we forecast demand for a single store around paydays, school terms and public holidays?
Open problemsWorth a company?
- 01
Sales data sits in the till, the online store and a spreadsheet, and never meets.
Pitch a fix - 02
Stock is bought on gut feel, so the best sellers run out and the rest gathers dust.
Pitch a fix - 03
The economy moves the shopper, and small stores only see it once sales drop.
Pitch a fix
Got a commerce problem worth a company? We want to hear it.
A few lines is enough: the problem, who has it and why now.