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Founding Fathers

Founding fathers of loss prevention data mining for retailers launch a new affordable loss prevention solution:

Providing retailers with Loss Preventions solutions for over 12 years and the former founders of Alta Europe and IntelliQ have formed IDM Software Ltd to bring tier 1 data mining within the reach and budget of most high street retailers.

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The IDM team has over 15 years experience of developing and delivering data mining solutions on-time and within budget.  They have in the past been responsible for successful data mining implementations to retailers including B&Q, New Look, H&M, John Lewis, Bhs, Argos, Bhs, River Island, The Burton Group, LloydsPharmacy and Carphone Warehouse.

Loss Manager Keeping insiders,out

Train of Thought Analysis
Loss and Shrinkage are problems that have sapped the profitability of every retailer since they began trading.The impact of this loss can be considerable; representing up to 3% of turnover and more importantly up to 25% of profits.

IDM Software laptop pictureOf course none of this is new and retailers have been fighting this battle for decades installing sophisticated surveillance, tagging and alarm equipment. More recently MIS systems have been implemented to help identify where these losses occur; and yet the problem persists. The reason for this (unlike the problem) is quite simple, loss and especially fraud is unpredictable, complex, dynamic, constantly evolving and is disguised amongst normal day to day business. LEARN MORE>>

 
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