Connecting to LinkedIn...

W1siziisijiwmtuvmdqvmtuvmdgvntqvmzgvnzi1l01ptlrbu0hfqkxpr19vtljftkrfukvex0lnqudfx3jlc2l6zwrfyw5kx3jlbmrlcmvklmpwzyjdlfsiccisinrodw1iiiwimtkymhgxmjuwiyjdxq

Blog

Tesco prepares to sell Big Data company DunnHumby for £2bn

8/01/2015 by Sharon Shahzad

W1siziisijiwmtuvmdevmdgvmtyvntevmzavntq2l1rlc2nvx3npz25fnjqwxziwmtmwodaymdkzmtmzotcxlmpwzyjdlfsiccisinrodw1iiiwinjawedqwmfx1mdazzsjdxq

Retail titan Tesco is investigating the sale of Dunnhumby, the big data and data science wrangler it took over in 2004, which had helped propel the supermarket to national dominance.

Tesco, Britain’s largest food retailer, has confirmed it has appointed a team of strategic advisors to explore “strategic options” for Dunnhumby.

Dunnhumby was the brains behind Tesco’s Clubcard loyalty scheme, a ground-breaker in British retail that allowed it to gain insight into customers’ buying habits and therefore extract more value - money.

Launched in 1995, the Clubcard helped propel Tesco to become the UK’s largest food retailer - toppling long-time incumbent Sainsbury’s.

At its height, it was said one pound in every seven spent in the UK was spent at Tesco.

International ads, marketing and PR group WPP is reported to be interested in snapping up the supermarket’s big-data science operation for £2bn. A Tesco spokesperson refused to comment on the rumour when contacted by The Register.

Tesco is also exiting the internet and video businesses it bought in to in recent years, selling Tesco Broadband and its loss-making Blinkbox video streaming businesses to ISP TalkTalk.

Tesco took an 80 per cent stake in Blinkbox in 2011, crowing it would "link physical purchase of a product to the building of digital collections".

Tesco is surrendering an estimated 75,000 internet and 20,000 voice households to TalkTalk.

The giant is puling out of data science, content and service provision as part of a massive restructuring to save money and cut costs, with disappointing Christmas trading the final nail in terrible year for Tesco.

Tesco has been hit by falling sales and profits thanks to intense price competition that it has seemed unable to answer: at Christmas, sales were down by 0.3 per cent, albeit better than the year before.

Tesco also misstated half-year profits in 2014 by £250m, leading to the suspension of several executives and investigation by financial regulators.

Dumping its network and data operations is meant to help management reach a goal of cutting capital expenditure by £1bn and achieve annual savings of £250m. Also for the chopping block are 43 unprofitable Tesco stores.

This article has been extracted from http://www.theregister.co.uk, please click on this link to read the article in full http://www.theregister.co.uk/2015/01/08/tesco_preps_for_big_data_engine_dump_with_cash_on_the_balance_sheet_now_god/

Montash is a multi-award winning global technology recruitment business. Specialising in permanent and contract positions across mid-senior appointments across a wide range of industry sectors and IT functions, including:

ERP, BI & Data, Information Security, IT Architecture & Strategy, Energy Technology, Demand IT and Business Engagement, Digital and E-commerce, Leadership Talent, Infrastructure and Service Delivery, Project and Programme Delivery.

Montash is headquartered in Old Street, London, in the heart of the technology hub. Montash has completed assignments in over 30 countries and has appointed technical professionals from board level to senior and mid management in permanent and contract roles.

comments powered by Disqus

Social Stream

Latest News

W1siziisijiwmtcvmdkvmjkvmdgvmtmvmjkvmjgyl1vudgl0bgvkigrlc2lnbiaomjuplmpwzyjdlfsiccisinrodw1iiiwimzgwedewmcmixv0

Are PSLs a Blocker or an Enabler?

2017-10-02 11:00:00 +0100

The use of a Preferred Supplier List (PSL) was intended to support and strengthen relationships and performance between organisations and their third party suppliers. As the technical landscape continues to evolve at rapid rate recruitment and demand for new skills becomes more intense. Are PSLs still the solution or an obstacle to sourcing the right talent? The traditional PSL A dedicated list of partners intended to guarantee quality and availability ...

W1siziisijiwmtcvmdkvmjevmdgvndmvmduvmtmxl1vudgl0bgvkigrlc2lnbiaomjmplmpwzyjdlfsiccisinrodw1iiiwimzgwedewmcmixv0

Why do we punish the victims of hacking?

2017-09-21 09:00:00 +0100

Hacks occur every 39 seconds, with 95% of them targeting governments, retailers and the tech industry. If the hackers are caught, they'll face prison time under the Computer Misuse Act. More often than not, the businesses who are victims of those attacks expose themselves to punishment of their own. The laws that determine the duty of protection owed to businesses and their customers is both vague and broad, making them question just how much protection...