Welcome!

News Feed Item

Thangamayil Jewellery Strikes Gold with Qlik, Saves 55 Percent on Operating Costs

Qlik (NASDAQ: QLIK), a leader in user-driven Business Intelligence (BI), today announced that Thangamayil Jewellery (Thangamayil), a leading retail chain in India with 30 stores across several districts of Tamil Nadu, is using the QlikView Business Discovery platform. Thangamayil is monitoring its entire inventory in order to better manage stock levels, and as a result has reduced operating costs by 55 percent.

For a jewellery retailer like Thangamayil, the abilities to monitor 40 million records of inventory across all its stores, reduce stock levels to improve profitability, and provide better customer satisfaction, are key business priorities. However the company previously struggled to perform in these areas with manual reporting systems and Excel – which did not allow users to directly explore the data easily, identify success patterns and gaps, and make the right decisions. To overcome these challenges, Thangamayil implemented QlikView to enable users to explore inventory data in near real time, resulting in timely stock replenishments based on actual product sales. QlikView also allowed Thangamayil to create accurate budget forecasting in order to make better and more objective decisions for the business.

“Previously, we had no real insight and could only look at data of three to five showrooms at a time and our business was suffering. The complete return on investment in just one year with QlikView is amazing,” said Yadeenthra Nathan SK, Executive Information Officer, Thangamayil. “Using the budget management dashboards in QlikView, we’ve managed to reduce our costs across all stores by 55 percent. This has been especially important in a year when trade of gold has been dropping due to government restrictions in India, and we’ve been able to transfer these savings into reduced prices for our customers.”

Working with Qlik, the IT team at Thangamayil has created multiple QlikView applications for its employees ranging from senior management and operations to inventory control as well as sales and purchasing. Additionally, QlikView has helped Thangamayil from a human resources perspective. Employee performance analysis provides valuable insight into the employees who excel at their jobs, enabling the company to more accurately select the right person for the right role in the organization. Thangamayil also plans to introduce QlikView to its business users on mobile devices in the near future.

Phillip Beniac, Regional Vice President of Qlik, Asia Pacific and Japan, said: “We are pleased that Thangamayil is using QlikView across its organization from a 360 degree perspective – from inventory management, to budgeting, down to human resources, and soon across different devices. More and more companies in India are recognizing the importance to become more agile by leveraging data and its insights to make better and faster decisions, and Thangamayil is a great success story.”

About Thangamayil
Thangamayil Jewellery established on 1947, by Mr. N Balusamy Chettiar, father of our founder members Mr. Balarama Govinda Das, Mr. Ba. Ramesh and Mr. N.B. Kumar. A modest proprietary concern initiated in the name of Balu Jewellery @ Swami Sannathi Street in Madurai. On having a firm control in the operations, he handed over his legacy to his sons (founder members), during the late seventies. Further relocated the showroom to South Aavani Moola Street, in a 100 sq. ft. premises. The firm widened its wings and incorporated as Private Limited Company, on March 2000. Further charmed as Thangamayil Jewellery Limited on November 2007, by incorporating as Public Limited Company.

About Qlik
Qlik (NASDAQ: QLIK) simplifies how people explore their data to help them make better decisions. With its QlikView Business Discovery platform people quickly bring data sources together to create dynamic visual applications that can be navigated and searched intuitively. QlikView uses Natural Analytics™ to reflect the way human curiosity searches and processes information, while delivering the enterprise manageability, governance and service offerings organizations require. Qlik and its global partner network support approximately 32,000 customers in over 100 countries.

© 2014 QlikTech International AB. All rights reserved. Qlik®, QlikView®, QlikTech®, and the QlikTech logos are trademarks of QlikTech International AB which have been registered in multiple countries. Other marks and logos mentioned herein are trademarks or registered trademarks of their respective owners.

More Stories By Business Wire

Copyright © 2009 Business Wire. All rights reserved. Republication or redistribution of Business Wire content is expressly prohibited without the prior written consent of Business Wire. Business Wire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
To Really Work for Enterprises, MultiCloud Adoption Requires Far Better and Inclusive Cloud Monitoring and Cost Management … But How? Overwhelmingly, even as enterprises have adopted cloud computing and are expanding to multi-cloud computing, IT leaders remain concerned about how to monitor, manage and control costs across hybrid and multi-cloud deployments. It’s clear that traditional IT monitoring and management approaches, designed after all for on-premises data centers, are falling short in ...
When applications are hosted on servers, they produce immense quantities of logging data. Quality engineers should verify that apps are producing log data that is existent, correct, consumable, and complete. Otherwise, apps in production are not easily monitored, have issues that are difficult to detect, and cannot be corrected quickly. Tom Chavez presents the four steps that quality engineers should include in every test plan for apps that produce log output or other machine data. Learn the ste...
The deluge of IoT sensor data collected from connected devices and the powerful AI required to make that data actionable are giving rise to a hybrid ecosystem in which cloud, on-prem and edge processes become interweaved. Attendees will learn how emerging composable infrastructure solutions deliver the adaptive architecture needed to manage this new data reality. Machine learning algorithms can better anticipate data storms and automate resources to support surges, including fully scalable GPU-c...
A valuable conference experience generates new contacts, sales leads, potential strategic partners and potential investors; helps gather competitive intelligence and even provides inspiration for new products and services. Conference Guru works with conference organizers to pass great deals to great conferences, helping you discover new conferences and increase your return on investment.
Poor data quality and analytics drive down business value. In fact, Gartner estimated that the average financial impact of poor data quality on organizations is $9.7 million per year. But bad data is much more than a cost center. By eroding trust in information, analytics and the business decisions based on these, it is a serious impediment to digital transformation.
Containers and Kubernetes allow for code portability across on-premise VMs, bare metal, or multiple cloud provider environments. Yet, despite this portability promise, developers may include configuration and application definitions that constrain or even eliminate application portability. In this session we'll describe best practices for "configuration as code" in a Kubernetes environment. We will demonstrate how a properly constructed containerized app can be deployed to both Amazon and Azure ...
Everyone wants the rainbow - reduced IT costs, scalability, continuity, flexibility, manageability, and innovation. But in order to get to that collaboration rainbow, you need the cloud! In this presentation, we'll cover three areas: First - the rainbow of benefits from cloud collaboration. There are many different reasons why more and more companies and institutions are moving to the cloud. Benefits include: cost savings (reducing on-prem infrastructure, reducing data center foot print, redu...
SYS-CON Events announced today that Silicon India has been named “Media Sponsor” of SYS-CON's 21st International Cloud Expo, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Published in Silicon Valley, Silicon India magazine is the premiere platform for CIOs to discuss their innovative enterprise solutions and allows IT vendors to learn about new solutions that can help grow their business.
You want to start your DevOps journey but where do you begin? Do you say DevOps loudly 5 times while looking in the mirror and it suddenly appears? Do you hire someone? Do you upskill your existing team? Here are some tips to help support your DevOps transformation. Conor Delanbanque has been involved with building & scaling teams in the DevOps space globally. He is the Head of DevOps Practice at MThree Consulting, a global technology consultancy. Conor founded the Future of DevOps Thought Leade...
We are seeing a major migration of enterprises applications to the cloud. As cloud and business use of real time applications accelerate, legacy networks are no longer able to architecturally support cloud adoption and deliver the performance and security required by highly distributed enterprises. These outdated solutions have become more costly and complicated to implement, install, manage, and maintain.SD-WAN offers unlimited capabilities for accessing the benefits of the cloud and Internet. ...
SYS-CON Events announced today that CrowdReviews.com has been named “Media Sponsor” of SYS-CON's 22nd International Cloud Expo, which will take place on June 5–7, 2018, at the Javits Center in New York City, NY. CrowdReviews.com is a transparent online platform for determining which products and services are the best based on the opinion of the crowd. The crowd consists of Internet users that have experienced products and services first-hand and have an interest in letting other potential buye...
Founded in 2000, Chetu Inc. is a global provider of customized software development solutions and IT staff augmentation services for software technology providers. By providing clients with unparalleled niche technology expertise and industry experience, Chetu has become the premiere long-term, back-end software development partner for start-ups, SMBs, and Fortune 500 companies. Chetu is headquartered in Plantation, Florida, with thirteen offices throughout the U.S. and abroad.
Business professionals no longer wonder if they'll migrate to the cloud; it's now a matter of when. The cloud environment has proved to be a major force in transitioning to an agile business model that enables quick decisions and fast implementation that solidify customer relationships. And when the cloud is combined with the power of cognitive computing, it drives innovation and transformation that achieves astounding competitive advantage.
DXWorldEXPO LLC announced today that "IoT Now" was named media sponsor of CloudEXPO | DXWorldEXPO 2018 New York, which will take place on November 11-13, 2018 in New York City, NY. IoT Now explores the evolving opportunities and challenges facing CSPs, and it passes on some lessons learned from those who have taken the first steps in next-gen IoT services.
The technologies behind big data and cloud computing are converging quickly, offering businesses new capabilities for fast, easy, wide-ranging access to data. However, to capitalize on the cost-efficiencies and time-to-value opportunities of analytics in the cloud, big data and cloud technologies must be integrated and managed properly. Pythian's Director of Big Data and Data Science, Danil Zburivsky will explore: The main technology components and best practices being deployed to take advantage...