Lowe's is the second-largest home improvement retailer in the world. As CIO, Mr. Stone provides the vision and leadership for developing and implementing information technology initiatives in alignment with Lowe's business strategy. He has overall responsibility for the planning, delivery, and maintenance of cost-effective technology solutions needed to support Lowe's various business groups. Lowe's primary data warehouse contains more than 20 terabytes of data and has grown by more than 20 percent per year over the past few years.
Lowe's BI environment contains industry-leading technology from MicroStrategy, Teradata, Informatica, and IBM. There are over 30 full-time professionals and contractors dedicated to building a BI Center of Excellence at Lowe's, with 17 reporting and analysis applications. The MicroStrategy implementation at Lowe's, called DART (Data Access and Reporting Tool), provides employees greater insight into key performance metrics. More than 150,000 reports are run each week, and Lowe's employees from multiple business areas use the data to manage inventory, improve margins, review market specificity, and identify sales opportunities. Lowe's also uses BI to analyze demographic attribute data to better anticipate the products that its customers will buy.
"I am honored to receive MicroStrategy's Individual Excellence award," said Mr. Stone. "Lowe's is committed to information-driven decision making. We have used decision support and data warehousing for over 13 years and have invested heavily in improving our data warehouse and business intelligence programs. As a result of using the MicroStrategy platform, Lowe's is realizing significant benefits through improved merchandising decisions, more timely responses to information requests, cost reduction initiatives, enhanced employee productivity, and better service to our customers."
"Steve Stone has exhibited exceptional innovation, vision, and insight in business intelligence software deployment at Lowe's," said MicroStrategy's COO Sanju Bansal. "Under his guidance and leadership, the data warehouse implementation has redefined the way the company does business. We congratulate Steve on his outstanding work."
About Lowe's
With fiscal year 2005 sales of
About MicroStrategy
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