Smart Data Collective

SEPTEMBER 7, 2021

During the beginning of the pandemic, many businesses went digital, and the retail industry is no exception. Big data in retail help companies understand their customers better and provide them with more personalized offers. Key advantages of big data in retail. 4 real-life examples of retailers leveraging big data.

Retail 362

Retail Technology Technology Predictive Analytics 362

CIO

JULY 26, 2023

The future of retail is “phygital,” as every retail and ecommerce publication on the internet is screaming right now. If you’ve never heard the term before, it’s a portmanteau of “physical” and “digital” – and represents the merging of the two forms of retail and shopping. How do they do that? With data of course.

Retail 354

Retail Sales Gaming Technology 354

CIO

MAY 27, 2024

In financial services, retail banks moved more services online, but also expanded their scope, becoming financial advisors to their clients, and helping them with financial wellness. As barriers got torn down, companies began to target ambitious revenue growth in these emerging areas, and similar trends emerged in other industries.

Advantage 397

Advantage Advantage Competitive Landscape IT 397

Smart Data Collective

SEPTEMBER 28, 2022

In this blog post, we’ll explore some of the advantages of using a big data management solution for your business: Big data can improve your business decision-making. The post Crucial Advantages of Investing in Big Data Management Solutions appeared first on SmartData Collective.

Advantage 317

Advantage Advantage Management Predictive Analytics 317

Smart Data Collective

DECEMBER 14, 2020

Retailers are struggling to keep up with a growing demand for online purchases. As such, retailers have an even tougher job of keeping on top of supply and demand. Using big data and analytics, retailers can more easily optimize their supply chains. Another vital component of many retail businesses is picking and packing orders.

Retail 279

Retail Management Commerce Analysis 279

Smart Data Collective

JULY 28, 2019

What many consumers don’t realize is that companies are using this information to take advantage of their major life changes , including divorce. And as with many other major life changes, divorce will impact your consumption patterns – something retailers hope to use in their favor. Can Big Data Affect Divorce Proceedings?

Advantage 256

Advantage Advantage Retail Predictive Analytics 256

CIO

NOVEMBER 21, 2024

Technology has shifted from a back-office function to a core enabler of business growth, innovation, and competitive advantage. In our fast-changing digital world, it’s essential to sync IT strategies with business objectives for lasting success.

Business 458

Business IT Competitive Landscape Matrix 458

CIO

APRIL 17, 2024

The retail industry has no shortage of cases on display where generative AI has shown tangible benefits. Suddenly, you can create engaging customer-facing videos at the click of a button,” says Oliver Banks, retail consultant and author of Driving Retail Transformation: How to navigate disruption and change.

Biotech 487

Biotech Banking Retail Innovation 487

CIO

SEPTEMBER 11, 2024

These innovations enabled the organization to develop an intelligent data application that would merge the disparate solutions while taking advantage of AI and other tools in an advanced analytics cloud to successfully achieve its goals, provide vital services, and adapt to changing circumstances and technology.

Intelligence 495

Intelligence Intelligence Sports Advantage 495

CIO

JANUARY 9, 2023

Imagine a factory or a chain of retailers reducing energy and cutting equipment downtime. In each case, they are taking strategic advantage of data generated at the edge, using artificial intelligence and cloud architecture. These scenarios are not imaginary. And they’re achieving significant wins. [2]

Retail 476

Retail Innovation Gaming Win 476

CIO

SEPTEMBER 27, 2024

The role of CIO, especially, has had to adapt accordingly, as demonstrated by Euronics, the Amsterdam-based international electrical retail association. In fact, gen AI isn’t currently among the implemented technologies at Euronics because Tesoro doesn’t see use cases functional to the retail activity. “IT

Management 480

Management Hospitals IT Commerce 480

CIO

FEBRUARY 15, 2024

TPM and TPO are key disciplines in the CPG space that involve managing and optimizing all promotional activities conducted with retailers, from discounts to deductions and payments. In the past, Nilles notes that creating a campaign with retailers around a product could take months to hammer out details, like the proper discounts to offer.

Value Chain 521

Value Chain Sports Retail Innovation 521

CIO

AUGUST 20, 2024

To gain AI advantage at the edge, organizations will need to overcome the challenges of managing, scaling, and securing distributed edge environments. Retail For retailers , AI at the edge powers real-time customer insights, dynamic pricing, floor monitoring, smarter inventory management, and much more.

Retail 440

Retail Predictive Analytics Security Security 440

CIO

OCTOBER 2, 2024

Organizations increasingly rely on these tools as they seek to modernize infrastructure, move to the cloud, automate workflows, and gain competitive advantage. Retail : Support for Amazon returns, and upgrades to the company’s Shopify integration, supporting quantity rules and volume pricing.

IT 427

IT Retail Advantage Advantage 427

Smart Data Collective

FEBRUARY 14, 2023

RetailDive recently published an article titled Furniture retailer embraces digital marketing and measures its impact with analytics , which underscores the benefits that analytics offers. Bearing this in mind, taking advantage of the data that is created with every online interaction is crucial to conducting modern business.

Commerce 359

Commerce Retail Advantage Advantage 359

CIO

SEPTEMBER 3, 2024

In a perfect world, enterprise IT should be funded at levels that enable existing operations to function outage– and security incident–free with a smattering of investments in a manageable portfolio of competitive advantage–producing innovation initiatives. Is this too much to ask? Vince Kellen, Ph.D., Quarterly statements are not sufficient.”

Retail 481

Retail Technology Technology Advantage 481

CIO

MARCH 15, 2023

One of the biggest challenges confronting retailers today is ensuring convergence between customers’ traditional in-store shopping experience and their digital journey, thereby delivering a seamless customer experience (CX). For brick-and-mortar stores, legacy technologies often make migrating online difficult.

Commerce 369

Commerce Retail Value Chain Advantage 369

Smart Data Collective

APRIL 28, 2021

As technology continues to evolve, industry leaders are paving the way by using new and emerging capabilities to their advantage. Having a well-developed mobile user experience is critical to any business’s success, so which industries are proving most adept at using apps to their advantage? (2). Healthcare.

Travel 348

Travel Airline Retail Advantage 348

CIO

OCTOBER 30, 2023

Under the aegis of digital transformation, IT initiatives have become more customer-centric, with a greater emphasis on people, not technology — all in an effort to redefine how the organization operates and to ensure it can keep up with the pace of change, capable of dealing with challenges and taking advantage of opportunities as they arise.

Restaurants 539

Restaurants Retail Innovation Technology 539

CIO

MAY 7, 2024

This notion that the data is within their power to mine it for business advantage is different. It really drives sustainability and is a growth engine that helps develop a competitive advantage.” Companies’ data needs to be protected, and companies need to be able to take advantage of the data that they have,” he says.

Advantage 493

Advantage Advantage Finance Technology 493

Smart Data Collective

SEPTEMBER 12, 2023

It is a new approach to building enterprise-level applications that enables retailers to stay agile and flexible in an ever-changing marketplace. Composable commerce leverages the flexibility of APIs and microservices to enable retailers to respond more to the market’s changing demands.

Commerce 324

Commerce Retail Advantage Advantage 324

CIO

SEPTEMBER 13, 2024

“Vendors deliver value, but they also leave a lot of heavy lifting to customers that often impacts their ability to differentiate through their IT investments and gain a competitive advantage,” he says. This extends beyond core technology into service integration, operational integration, and end-to-end service delivery.

Hospitals 434

Hospitals Travel Advantage Advantage 434

CIO

MAY 23, 2024

IDC finds that by mid-2024, 30% of global organizations will take advantage of human-like interfaces in their enterprise applications to gain more insights quickly, improving decision velocity. And by late 2024, 70% of the Global 2000 will focus on reducing the process time between events and decision-making to gain a competitive advantage.

Finance 448

Finance Retail Advantage Advantage 448

CIO

OCTOBER 9, 2022

Agile and people-focused, your fellowship will be able to take advantage of emerging opportunities while minimising risk and ultimately generate value from the metaverse for your employees, customers, and organisation, even in these early chapters. Some are well on their way.

Retail 534

Retail Innovation Advantage Advantage 534

CIO

AUGUST 2, 2023

The survey found tension between business leaders seeking competitive advantage, and IT leaders wanting to limit risks. Those in retail or financial services were most likely (62%) to report active use of it, closely followed by manufacturing, production, and distribution (59%), and technology (56%).

Retail 370

Retail Loss Advantage Advantage 370

CIO

MAY 9, 2024

Targeting new industry use cases Additionally, both companies said the partnership would help them foster innovation for several industry sectors, with an initial focus on industrial manufacturing, consumer packaged goods (CPG), retail, defense, automotive, and utilities industries. “As

Retail 418

Retail Capital Innovation Advantage 418

CIO

MAY 16, 2023

Behind the scenes at one of South America’s largest retail conglomerates, human resources (HR) professionals manage the movement of tens of thousands of employees. With annual sales in the billions, the retail giant prides itself on delivering superior shopping experiences to customers. The system upgrade corrected this problem.

Retail 195

Retail Learning Human Resources IT 195

CIO

MARCH 27, 2024

As CIO of online retailer Partner.co, Troy Hiltbrand finds that while people in retail should take steps to address PQC this year, they’re in no hurry to apply quantum computing to gain a competitive advantage. Opportunities are less immediate than in industries like financial services. Troy Hilterbrand, CIO, Partner.co

Algorithm 526

Algorithm Banking Retail Globalization 526

CIO

OCTOBER 4, 2023

Reasons for this limitation include data sovereignty and residency requirements, the need to support ultra-low latency workloads, and concerns about losing control over mission-critical use cases, such as production assembly lines or retail point-of-sale systems.

Retail 468

Retail Market Intelligence Advantage Advantage 468

CIO

APRIL 15, 2022

Insights gained from analytics and actions driven by machine learning algorithms can give organizations a competitive advantage, but mistakes can be costly in terms of reputation, revenue, or even lives. In 2012, an analytics project by retail titan Target showcased how much companies can learn about customers from their data.

Algorithm 545

Algorithm Hospitals Retail Learning 545

CIO

OCTOBER 18, 2023

Dutch insurance and asset management company Nationale-Nederlanden, part of the NN Group, has a presence in 19 countries and serves several million retail and corporate customers. According to Vaquero, this presented a tremendous advantage, but, at the same time, makes him and his team confront challenges that could disrupt efficiencies.

Advantage 481

Advantage Advantage Retail Innovation 481

CIO

SEPTEMBER 12, 2022

All consumers say that having the ability to pay how they want is the most important feature retailers offer.”. All other factors being equal, if an individual prefers BNPL, they will take their sale to a retailer that offers that capability. Similarly, Cybersource data reveals that 54% of U.S. Learn more about Cybersource here. .

Profiling 370

Profiling Entertainment Retail Banking 370

CIO

SEPTEMBER 5, 2024

year-over-year by vendor revenue, with verticals such as education, services, hospitality, and retail growing at an even stronger pace, and cloud-managed wireless gaining significant traction.” Speaking of the WLAN market growth, Jitendra Gupta, Regional Director, India & SAARC, Ruckus highlights, “Enterprise-class WLAN grew by 90.0%

Hospitals 447

Hospitals Business Alliance Finance 447

CIO

MAY 14, 2024

It’s because any Martian business will enjoy an insurmountable advantage: With a 687 earth-days long year, Martian enterprises will go through about half the number of budgeting cycles their terrestrial competitors do. To be clear, we’re talking about Amazon the retailer, not AWS.) Wonder why Elon Musk wants to land people on Mars?

IT 416

IT Win Advantage Advantage 416

CIO

APRIL 30, 2024

Retail stores and smart homes can use AI at the edge technology to personalize user experiences. You can learn about more use cases that are finally in the realm of possibility within retail here. The edge advantage AI and edge computing are converging to create transformative solutions. Personalization.

Retail 396

Retail Predictive Analytics Algorithm Gaming 396

CIO

JUNE 20, 2024

Today, the company – a Pinnacle Partner in the Broadcom Advantage Program and former VMware Americas Cloud Partner of the Year – wants to help enterprises thrive in what President and Chief Operating Officer Jonathan Rosenson sees as the next chapter in hybrid cloud. For more information visit us here.

Advantage 370

Advantage Advantage Innovation Banking 370

CIO

JULY 12, 2024

As the biggest beauty retailer in the US, it’s critical for Ulta to use technologies that can quickly scale. With Interplay, it was relatively simple to take what they already created and migrate it onto the website.

Startups 468

Startups Innovation Algorithm Retail 468