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5 ways that access to web data can help the retail industry.
Citation preview
Nick Scott
Import.io
The big data solution.
How real time web data helps retail.
heard the phrase “big data” before?
make you feel like this?
you don’t need me to tell you about the importance of data in the retail industry
you are using data throughout your business already
sales data
for stock level management
customer data
for loyalty programmes
product data
for special product promotions
i am not here to tell youwhat you already know
i am here to talk about a new kind of datathat is only just becoming available to retailers
web data
import.io allows anyone to turn a websiteinto data without writing any code
you can treat the web like a database
recruiters are using web data
to know as soon as jobs get posted online
maps providers are using web data
to keep up to date with store locationsand opening times
and retailers…?
i am going to show you 5 different ways that retailers are using web data
all 5 examples are using web datasourced via import.io
pricing strategy
sell hard disk drives
they need to know how to price them
they pull web data on all the hard disk drives
from all the brands
in all of the markets that they operate
price data
product properties
500GB
SSD
analysis of this data
allows them to determine overall trendsand make decisions about…
price per gigabyte
$/GB
premiums for certain features
$/GB
when to discount
$/GB
it gives them an overall pictureof the pricing and competitive landscape
campaign monitoring
all of these sports brands
make significant investment in video campaigns
that they distribute via youtube
youtube provides some statistics on views etc
but nothing on comments
one of these sports brands
uses import.io
to extract comments from youtube videos
that they then runthrough sentiment analysis
they perform the same analysis on their competitors
they use this as a feedback metric to help develop future campaigns
demand analysis
not the dominant classifieds site in all markets
in order to compete they monitor advert posting rates in particular categories on competitor sites
the data allows them to prioritise the categories and regions that they focus on
channel partner management
sell laptops
via channel partners
the channel partners are meant to observe MRP (Minimum Retail Price)
which means no further discounting allowed
but sometimes channel partners are a bit naughtyand discount below MRP
this is a problem for hpand the other channel partners
so they started pulling web data from partner websites
can now include live price data in their existing reporting process
grey market policing
sell cosmetics through their website and via resellers
resellers are not permitted to sell through amazon or ebay
searching ebay and amazon listings for infringing resellers is time consuming and ineffective
web data allows the arbonne legal department to identify infringing resellers automatically
it is even possible for them to issue enforcement notices automatically
So how do we feel now?
a little less like that…
a little more like this