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Tag: retail

8 Ways AI Can Boost Retail Sales During the COVID Holiday

With Cyber Monday upon us, the 2020 holiday shopping season is now in full swing. Thanks to the COVID-19 pandemic, online shopping will see major growth, but retailers of all types should be ready for major changes. The Read more…

Top 10 Ways AI Drives Price Optimization in Retail

There are several techniques in use in various stages if maturity in retail and e-commerce. Many different tools and techniques feed into AI powered price optimization for retailers. When used together these can drive ve Read more…

The New Omnichannel Imperative: AI to the Rescue

Consumers in the United States have been increasingly turning to e-commerce during the COVID-19 outbreak, due to social distance measures and shelter-in-place orders that started rolling out in the mid-late March time fr Read more…

Why You Should Strengthen Your Retail Analytics Strategy with Multiple Versions of the Truth

With an influx of data into retailers’ environments—from e-commerce, social media, in-store data and supply chain technology, to name a few new sources—structuring how to interpret that data and then act on it to c Read more…

Forecasting AI Adoption in Retail: A Mixed Bag

You don't have to look far to see the impact that artificial intelligence is having on the world around us. Across multiple facets of work and play, we're surrounded by smart devices and applications that are strangely p Read more…

Retailer Overstock.com Mines Decades of Data

We often hear that online retail is among the business sectors furthest along on its digital transformation and AI journeys. Overstock.com is a case in point. The giant (2017 revenue: $1.75 billion) internet retailer Read more…

5 Ways Analytics Drives Cyber Monday Sales

Today is expected to be the busiest online shopping day in history, with more than $6 billion changing electronic hands. So how are businesses poised to take advantage of all that spending? One big factor for retailers t Read more…

Attention Shoppers: You’re Being Analyzed

Commerce Signals, developer of a bridge platform designed to connect advertisers and publishers with data from financial institutions, announced a partnership this week that combines transaction with location data so ret Read more…

9 Ways Retailers Are Using Big Data and Hadoop

The big data revolution is changing how business gets done in all industries. That includes the massive retail market, which drives $2.6 trillion in business in the U.S. and employs 42 million Americans. The use of advan Read more…

Unlocking Retail’s Big Data Opportunity

Walmart remains the world's largest company by revenue and the retail sector employs more people in the U.S. than any other sector outside of healthcare. While the 2015 holiday season was considered a lackluster one, the Read more…

How Retailers Are Benefiting from Prescriptive Analytics

With the price transparency wrought by the Internet, retailers are finding it harder to compete. But thanks to big data analytics and machine learning, the smartest stores are gaining better margins by making small chang Read more…

AOL Ad Platform Adds Machine Learning

One-time online juggernaut AOL is expanding its digital advertising platform to incorporate analytics with the goal of marrying machine learning with ad design to gauge the success of targeted advertising across differen Read more…

Big Data and the $465 Billion Xmas Prize

Between now and December 25, Americans are expected to spend nearly half a trillion dollars on gifts and goodies for themselves and loved ones, according to the National Retail Federation. Retailers will use all the tric Read more…

Coca-Cola Catching the Big Data Competition Wave

Having Coca-Cola as a first customer is a start-up’s dream come true. The soft drink giant is offering this possibility with a new contest that will put three years of supply chain data in the hands of participants. Read more…

Harnessing the Power of Big Data to Reverse Retail Fortunes

With 57 million shoppers visiting online retailer sites on Black Friday alone, there is a vast amount of data being generated with every click. Smart retailers have been tracking, analyzing and adjusting based on in-store and online customer data for years. How can retailers harness all this data to reach the peak of the retail industry? Read more…

Retailers Find Further Reason for Real-Time

Retailers use streams of data from registers, social media, call centers, return and invoicing centers and various other places to piece together competitive elements of their business. But big data in retail doesn’t end there. Loss prevention and real-time fraud... Read more…

Of Tags and Targets: When SaaS Falls Short

As the scale of mega-retail and content-driven sites continues to drive ever-upward, in part due to the added influx of diverse data types from the mobile web, the need for fine-tuned tools to analyze site movement and engagement are more present, but harder.... Read more…

Startup Wrangles Machine Learning for Retailers

Earlier last month, Belgium-based startup, NGDATA, announced that it secured more funding to plow forward with its Lily big data management platform. The young company claims to have found a way to blend machine learning... Read more…

Teradata Rakes In New Retail Wins

This week Teradata announced that in addition to recent high-profile new customer wins, including Target and department store giant Belk, industrial retail outfit Grainger would be added to its roll. The company is leveraging the Active Enterprise... Read more…

SAS Shifts Retail Analytics to HPC Platform

This week SAS announced that their more popular and resource-demanding packages for retailers would be moved under the umbrella of their High Performance Computing Platform. This includes products to harness predictive analytics and allow for swift price changes. Read more…

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