IDC Report
IDC | The Very Group: The DNA of Data Value Creation through AI
The Very Group leverages AWS to develop a data strategy powered by AI
This IDC Retail Insights study focuses on The Very Group. With an annual revenue of £2.15b, The Very Group is the largest UK-headquartered integrated pureplay digital retailer and flexible payment provider. The company has developed a data strategy, powered by AI, to improve forecasting, and manage retail pricing and promotion to reduce cost and drive revenue growth.
Analysts from IDC’s Retail Insights Team interviewed Steve Pimblett, Chief Data Officer at The Very Group, on the company's transformation program.
With this report:
- Find out how the Very Group developed a data framework to turn data into insight for enhanced customer experience and more effective decision making.
- Dive deeper into how the company leveraged technology by Amazon Web Services (AWS) to make AI-informed forecasting decisions across its approx. 170.000 products and generated a 10% better forecast accuracy.
- Learn how it will put generative AI to work on retail specific use cases in its new GenAI innovation lab powered by AWS.
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