In a recent Associated Press article on statistical modeling for the coronavirus, Temple University mathematics professor John Allen Paulos was quoted as saying, “Uncertainty is the only certainty.” The same can no doubt be said about operating a business in these times.
As we see some statewide lockdowns being lifted and areas of the economy beginning to reopen, the rules of engagement in retail have changed dramatically. With constantly shifting conditions which may limit traffic or the number of stores open, put limits on production, or significantly alter the supply chain; time-relevant data will be more important than ever. You simply can’t wait 4 to 6 weeks for insights into what is happening. The “new normal” is anything but normal, and running a thriving business during this time requires real-time insight.Read More