In 2008, a group of retail executives and big data experts sat together, sharing their woes of operational disconnects, profit losses, data paralysis and team inaction. “If only there was a way to connect all of this data we’re drowning in,” they said. “If only I knew the questions to ask to be successful, much less the answers to those questions,” they sighed. “If only my teams could stop reporting and start taking action.”
Then one of the CEOs started drawing on a whiteboard the collective struggle and possible solution. From that room, the initial spark of DynamicAction was ignited. A system that offered one source of truth which instantly connects data from every part of the organization – merchandising, marketing, operations, customers, returns and finance. And in all channels – eCommerce, physical stores and mobile.
In 2012, the world of data systems and storage, databases and technology reached a point where we could build a system capable of answering the most pressing questions that retailers struggle to solve.
Today, DynamicAction is helping retail merchandising teams make smarter decisions, and take profitable action on more than $19 billion of consumer transactions each year. The attendees at that original think-tank went on to become the CEO of DynamicAction, the Chief Scientist of the company, as well as core retail customers of DynamicAction.
We now enable our clients to focus on a new point of view that centers on customer profitability, surgical decision agility and actionable metrics to reach their goals. They are achieving profitable growth with connected data every single day.