Washington, April 17, 2008—The Association for Retail Technology Standards, a division of the National Retail Federation, announced today that it has created a data warehouse design exclusively for business intelligence. Drawing on 15 years of experience in developing data standards exclusively for retail, the goal of the data warehouse is to make information easily accessible to support improved decision making, one of the top priorities for retail Chief Information Officers.
“ARTS developed a warehouse model at the request of members,” said Richard Mader, ARTS Executive Director. “The model supplies a flow of consistent data from our standard XML schemas and operational data model directly to the warehouse to minimize inaccuracies, making it easier for small and midsize retailers to implement business intelligence applications to remain competitive.”
The Aberdeen Group recently reported that two of the primary difficulties with implementing business intelligence solutions are data cleansing and integrating the correct multiple data sources to the warehouse. With the release of the Data Warehouse, ARTS completes the cycle of support for Business Intelligence issues: guidance from the Standard RFP for Master Data Management for storing data resolves the data cleansing issue and use of the ARTS schemas to feed the Warehouse eliminates the issue of selecting the correct data sources.
The new warehouse model includes definitions of many key performance indicators to guide retailers in capturing and storing the data required to allow decision makers to analyze these critical success criteria.
The ARTS warehouse model was not developed to compete with existing business intelligence providers; rather Microsoft, Oracle, ProfitBase, Quantisense, Retail Anywhere and Teradata worked with retailers such as Adidas, CSK Auto, Home Depot and London Drug in its development.
The first release of the warehouse will focus on sales and inventory information with cross views of time, location, vendor, merchandise categories and item attributes. Future versions will expand the warehouse to include all important retail information. Edvard Gundersen of ProfitBase, an ARTS member that has already implemented a pre-release version of the warehouse as a proof of concept, has been elected chair of the warehouse work team to lead this expansion.
The ARTS Data Warehouse Model is available to ARTS members at no charge. Non-members should contact firstname.lastname@example.org for information on how to obtain the model.
The Association for Retail Technology Standards is an international membership organization dedicated to reducing the costs of technology through standards. Since 1993, ARTS has been delivering application standards exclusively to the retail industry. ARTS has four standards: The Standard Relational Data Model, UnifiedPOS, IXRetail and the Standard RFPs. Membership is open to all members of the international technology community—retailers from all industry segments, application developers and hardware companies.
The National Retail Federation is the world's largest retail trade association, with membership that comprises all retail formats and channels of distribution including department, specialty, discount, catalog, Internet, independent stores, chain restaurants, drug stores and grocery stores as well as the industry's key trading partners of retail goods and services. NRF represents an industry with more than 1.6 million U.S. retail establishments, more than 24 million employees - about one in five American workers - and 2006 sales of $4.7 trillion. As the industry umbrella group, NRF also represents more than 100 state, national and international retail associations. www.nrf.com