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Detailed text transcripts for TV channel - MSNBC - 20171015:11:42:00

lindsey s retail business is what alan bond kaums data driven. lindsey says her shopkeepers who select collect their receipts in a draw and wait for they bookkeeper to do the math are getting their information too late to use. food costs are not the only numbers she monitored. lindsey using bread crumb software to track the cash in the cash reblgstgister. we assign a particular cashier to each register. alan says this kind of access to data allows owners to make decisions and change plans quickly and effectively. the key with big data and small data is getting the rapid feedback and thinking about the actions that you think. but data alone is not enough. when this vendor suggested lindsey could save 17 cents a

Detailed text transcripts for TV channel - MSNBC - 20171015:11:39:00

they wanted a deli salad on the side. at the 50-year-old lunch shop which lindsey operated since 2007, she turns everything into a number. we ve been opened 19 minutes and made $260. you track how many people are coming in, who s visiting my business. a big slice of the business is 25 to 34 demographic. that s the biggest demographic. lots of data in that sandwich. big data expert alan is at vancouver. how much did that sandwich cost. who bought it. even small business owners can learn a lot from their data if they just ask the right questions. how many times have they bought it? where did the meat come from? how much did the bread cost? those are the exact questions that lindsey asks herself every day. in the last 30 days i ve paid 121 bills for a total of $50,523.

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