blogs

Ways to motivate your staff to accelerate your Restaurant business

Let’s face it! “I really do not care how big brand is your Restaurant if I do not get better dining experience. My dining experience is not limited to tasty food alone but the experience I get with your staff like how polite they are, how much attention to pay to my order and how…

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How Retailers can effectively mitigate in-store Pilferage and Wastage?

Retail industry is overcrowded and highly competitive market. Right from mom and pop stores in your neighbourhood to retail giants like Wal-Mart, and Target’s of the world are reeling under the pressures from increased online shopping, real estate costs, technology spend etc. While the magnitude of these challenges may vary based on size and segment,…

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Role of Airports in the Next Era of Travel Retail

Studies say, Global travel retail market is expected to reach $154 billion by 2025 growing at 9.6% of CAGR between 2018 -25. Credits: https://www.alliedmarketresearch.com/travel-retail-market Above graph shows the major part of this growth happens at the Airports, which tells us the importance of Airports and the role they play. You might be wondering why ‘at’ is highlighted,…

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Airlines’ cost dilemma: Do Airlines control costs or otherwise?

In the recent days, one common phenomenon that we have observed in Aviation industry is, most of the Airlines with exception to few, are struggling with losses. It so happened that their revenues have grown up year on year, but expenses have been outgrowing rapidly hence bottom line is taking a hit. While every airline…

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Retail Science: Discounting dilemma and Dynamics in sales

Retail Science: Discounting dilemma and Dynamics in sales

“This was one of my most important principles: Never have a mandatory sell. This rule gets violated all the time; it just drives me nuts: ‘Buy now!’ You never give an order to a customer.” – Joe Coulombe, Founder, Trader Joe’s ‘Success in retail industry is not a piece of cake’- every successful retail giant…

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The retailer’s dilemma of discounting

How does a retailer decide if the discounting scheme is good or bad? How can he decide quickly if his discounting strategy is earning or eating his profits? Well , let us analyze a real case of an apparel retailer in India. The apparel industry in India is typically known for having exclusive fresh season –…

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How Am I Evolving as a Data Scientist?

For the past 9 years, it has been a wonderful journey for me in the field of Data Science, starting as a facilitator in an engineering college and later transitioning into a Machine Learning Engineer was awesome. I work in a company that has ventured into full-fledged data Science (relatively recent based on its existence),…

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AI : A Bombastic Jargon

A newbie fascinated with data analytics comes with the aspiration of exploring this field. Sadly, a lot of unwelcoming, cold and confusing jargon scare and shoe him away. I would always recommend you not be carried away by the fancy terms that people use, instead, go by the saying, “Jargon allows us to camouflage intellectual…

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What Are Imaginary Numbers? Why Do We Need Them?

In order to understand and appreciate the need for imaginary numbers, you should start from the very basics of math,“ the numbers”. Even though this is a high school level topic, we will revisit it as it plays an important role in Fourier transform. Long back, we humans used the numbers for counting and ordering.…

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