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
"We build IoT infrastructure products - when you have to integrate different devices, different systems and cloud you have to build an application to do that but we eliminate the need to build an application. Our products can integrate any device, any system, any cloud regardless of protocol," explained Peter Jung, Chief Product Officer at Pulzze Systems, in this SYS-CON.tv interview at @ThingsExpo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
"We analyze the video streaming experience. We are gathering the user behavior in real time from the user devices and we analyze how users experience the video streaming," explained Eric Kim, Founder and CEO at Streamlyzer, in this SYS-CON.tv interview at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
"This is specifically designed to accommodate some of the needs for high availability and failover in a network managed system for the major Korean corporations," stated Thomas Masters, Managing Director at InfranicsUSA, in this SYS-CON.tv interview at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Enterprise IT has been in the era of Hybrid Cloud for some time now. But it seems most conversations about Hybrid are focused on integrating AWS, Microsoft Azure, or Google ECM into existing on-premises systems. Where is all the Private Cloud? What do technology providers need to do to make their offerings more compelling? How should enterprise IT executives and buyers define their focus, needs, and roadmap, and communicate that clearly to the providers?
"We are an all-flash array storage provider but our focus has been on VM-aware storage specifically for virtualized applications," stated Dhiraj Sehgal of Tintri in this SYS-CON.tv interview at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
"We are a leader in the market space called network visibility solutions - it enables monitoring tools and Big Data analysis to access the data and be able to see the performance," explained Shay Morag, VP of Sales and Marketing at Niagara Networks, in this SYS-CON.tv interview at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
According to Forrester Research, every business will become either a digital predator or digital prey by 2020. To avoid demise, organizations must rapidly create new sources of value in their end-to-end customer experiences. True digital predators also must break down information and process silos and extend digital transformation initiatives to empower employees with the digital resources needed to win, serve, and retain customers.
Amazon has gradually rolled out parts of its IoT offerings in the last year, but these are just the tip of the iceberg. In addition to optimizing their back-end AWS offerings, Amazon is laying the ground work to be a major force in IoT – especially in the connected home and office. Amazon is extending its reach by building on its dominant Cloud IoT platform, its Dash Button strategy, recently announced Replenishment Services, the Echo/Alexa voice recognition control platform, the 6-7 strategic...
We're entering the post-smartphone era, where wearable gadgets from watches and fitness bands to glasses and health aids will power the next technological revolution. With mass adoption of wearable devices comes a new data ecosystem that must be protected. Wearables open new pathways that facilitate the tracking, sharing and storing of consumers’ personal health, location and daily activity data. Consumers have some idea of the data these devices capture, but most don’t realize how revealing and...
Organizations planning enterprise data center consolidation and modernization projects are faced with a challenging, costly reality. Requirements to deploy modern, cloud-native applications simultaneously with traditional client/server applications are almost impossible to achieve with hardware-centric enterprise infrastructure. Compute and network infrastructure are fast moving down a software-defined path, but storage has been a laggard. Until now.
IoT solutions exploit operational data generated by Internet-connected smart “things” for the purpose of gaining operational insight and producing “better outcomes” (for example, create new business models, eliminate unscheduled maintenance, etc.). The explosive proliferation of IoT solutions will result in an exponential growth in the volume of IoT data, precipitating significant Information Governance issues: who owns the IoT data, what are the rights/duties of IoT solutions adopters towards t...
Get deep visibility into the performance of your databases and expert advice for performance optimization and tuning. You can't get application performance without database performance. Give everyone on the team a comprehensive view of how every aspect of the system affects performance across SQL database operations, host server and OS, virtualization resources and storage I/O. Quickly find bottlenecks and troubleshoot complex problems.
Whether your IoT service is connecting cars, homes, appliances, wearable, cameras or other devices, one question hangs in the balance – how do you actually make money from this service? The ability to turn your IoT service into profit requires the ability to create a monetization strategy that is flexible, scalable and working for you in real-time. It must be a transparent, smoothly implemented strategy that all stakeholders – from customers to the board – will be able to understand and comprehe...
Complete Internet of Things (IoT) embedded device security is not just about the device but involves the entire product’s identity, data and control integrity, and services traversing the cloud. A device can no longer be looked at as an island; it is a part of a system. In fact, given the cross-domain interactions enabled by IoT it could be a part of many systems. Also, depending on where the device is deployed, for example, in the office building versus a factory floor or oil field, security ha...
Between 2005 and 2020, data volumes will grow by a factor of 300 – enough data to stack CDs from the earth to the moon 162 times. This has come to be known as the ‘big data’ phenomenon. Unfortunately, traditional approaches to handling, storing and analyzing data aren’t adequate at this scale: they’re too costly, slow and physically cumbersome to keep up. Fortunately, in response a new breed of technology has emerged that is cheaper, faster and more scalable. Yet, in meeting these new needs they...