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The Deloitte Technology Fast 50 is one of the UK’s foremost technology award programmes, celebrating innovation and entrepreneurship. Now in its 19th successful year, it is a ranking of the country’s 50 fastest growing technology companies, driven by leading intellectual property and based on revenue growth over the last four years. David Cobb, partner leading the Deloitte UK Technology Fast 50: “The Deloitte UK Technology Fast 50 gives great profile to technology companies and is internationally recognised as being one of the most important business awards in the sector. The companies who entered generated over £884 million in total annual revenues in the year 2015/16, employing more than 7,100 people and recorded an average four-year growth rate of 1,240 per cent.” We’re extremely pleased to be announced as the 23rd fastest growing UK technology company with 735% growth rate by Deloitte! Tim Mason, CEO: “We are delighted to be ranked in the top half of the Deloitte Fast 50. The past four years have seen some real successes and this achievement recognises the team’s hard work over that period of growth. Our significant strategic progress over the past year alone includes winning two tier 1 grocers and one overseas, and increasing the number of brands using our platform. We are very committed to delivering effective technology solutions to drive ROI for our partners, whilst improving the customer experience. We are now focusing on 2017 where we hope to continue our progress and efficient growth as we expand in the UK and internationally.” It’s been a very successful year, with lots of excellent achievements and it’s great news to be recognised for our growth rate- well done to all the Eagle Eye team, everyone else involved, along with all the other winners from the evening.
The results are in for Black Friday and it’s not good - even with potentially large price discounts, consumers still didn’t respond well, with like-for-like sales down 0.5% last month and footfall dropping 5.5% post Black Friday – almost double the decline of the previous year. Lessons from 2017 also proved that cutting prices simply cut margins and profitability, without increasing customer demand.
To achieve lasting, in-depth customer loyalty, retailers must develop keen insights into their customers, understand their behaviors and preferences, and deliver valuable, relevant offers and communications to customers based on those insights. To do that, they need connected customer data.