Tesco Bengaluru, the only retail operations and technology centre for Tesco worldwide, won the ‘Best Practice in Data Analysis Strategy’ Award at the 2016 Big Data & Analytics Summit held at Mumbai on February 3, 2016.
The Awards identify and honour companies that have demonstrated excellence and best practices in Big Data technology. Tesco was selected by a core committee comprising distinguished industry experts on the basis of their application of analytics in Energy Consumption Reduction, Spend Optimisation and Effective Space Management that enabled the organisation achieve a 40.9% reduction in Carbon Dioxide emissions in stores and distribution centres across the Group against a 2006/07 baseline. By 2020, Tesco hopes to reduce emissions by 50% across the Group.[i]
Commenting on the occasion, Sanjeev Nagwekar, Director – Property Services, Tesco Bengaluru said, “As an organisation, we recognize Data and Analytics are crucial to customer service and satisfaction. This Award is testament to our expertise in this field and it is indeed a moment of pride for us to be felicitated for our endeavours toward becoming more ecologically responsible and operationally efficient. I congratulate the team for their fantastic work which will set new benchmarks for the years to follow.”
Tesco Bengaluru was recognised for developing an Analytics Practice that collaborates with teams across the organisation and delivers significant benefits including energy and carbon savings. The strategy exemplified the need for deploying Predictive Analytics, in addition to typical reporting and monitoring techniques to extract value and fully leverage investments from a massive collection of data. This helped the business gain cost competiveness and raise the bar in Energy and Sustainability Management.
Some of the noteworthy strategies and models developed and adopted by the team include:
· Forecasting Models capable of predicting energy consumption with a high level of accuracy
· A Tableau based insights platform, Energypedia, that generates the root cause for all kinds of energy behaviors across the property
· CHP (Combined Heat & Power Units) Optimization Model capable of providing optimal run time to maximize profit taking
Tesco has strong Data & Analytics competencies across functions with sophisticated Data Warehousing, Business Intelligence, Big Data and Predictive Modeling facilities. Tesco Bengaluru has an analytics lab that enables data scientists with Predictive Modeling and Data Visualization capabilities.