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All Blog Posts Tagged 'Retail' (8)

13 Applied Artificial Intelligence & Internet of Things Industrial Use Cases in Retail Industry

"We used computer vision, deep learning algorithms and sensor fusion, much like you’d find in self-driving cars. We call it -Just Walk Out’ technology"

-Amazon

Much to the surprise of everyone in the retail industry, Amazon launched a new format of stores called "Amazon Go." The most interesting feature of these stores is that shoppers will not have to check out at a counter with a clerk or even with an automated kiosk. Shoppers simply have to swipe into the store with an app,…

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Added by Mahesh Kumar CV on May 4, 2019 at 9:00am — No Comments

How to use anomaly detection to seal revenue leakages due to price errors

Price errors and their impact:



Price errors are one of the ways in which revenue leakage occurs in e-commerce business. Although retailers put various checks and balances in place, pricing errors are still common. Data entry mistakes, misplaced decimal points, reversal of digits, and other clerical errors made in hurry are the major contributors. It can also occur because errors in feeding promotional offer dates. Promotions might unintendedly start early or end late. Such revenue…

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Added by Avinash Udaykumar on March 26, 2019 at 7:57pm — No Comments

What Does GDPR Mean For Your Business?

The European General Data Protection Regulations (GDPR) will come into force on May 25, 2018. These regulations will have a significant impact on existing data collection and analysis methods. 

Many businesses have become reliant on customer…

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Added by Ronald van Loon on April 23, 2018 at 10:30pm — 1 Comment

Retail: How to Keep it Personal & Take Care of Privacy

For years the retail sector has been making use of customer data to propel their own marketing campaigns forward. What remains to be seen in this regard is, how the future of better data collection and technology, coupled with an enhanced need for customer personalization shakes up this procedure in the…

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Added by Ronald van Loon on December 12, 2017 at 1:30am — No Comments

CPG Industry Levels Playing Field with Power of One

Special thanks to Brandon Kaier (@bkaier) for his research and thoughts on the Digital Twins concept.

Unilever, one of the Consumer Package Goods (CPG) industry’s titans with over 400 brands and annual sales greater than $60B, recently bought Dollar Shave Club for $1B. Now normally I would not think twice about such an acquisition, peanuts in the world of mergers and…

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Added by Bill Schmarzo on December 7, 2017 at 12:00pm — No Comments

Using Big Data to Target In-Market Shoppers

Retailers know they need Big Data and are charging forward to get in the game.  But many retailers continue to face challenges. What type of data should be collected? How should the data be used to generate insights? How do I measure ROI?

Why Retailers Use Big Data

101data recently surveyed US retailers, across a range of sizes. When asked about which processes would be most impacted by Big Data technology, 50% stated that targeted offers and promotions would have the biggest…

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Added by Larisa Bedgood on April 23, 2015 at 7:30am — No Comments

Batch vs. Real Time Data Processing

Batch data processing is an efficient way of processing high volumes of data is where a group of transactions is collected over a period of time. Data is collected, entered, processed and then the batch results are…

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Added by Michael Walker on August 13, 2013 at 2:30pm — 2 Comments

Optimizing Merchandising Using Big Data Analytics

Merchandising managers, for many years, have been grappling with the following three major challenges (among others), in making product management decisions:

  1. Understanding visitor & purchase behavior in the store (and online)
  2. Silos of product, purchase and customer data that are disconnected, disparate and…
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Added by Balu Rajagopal on February 14, 2013 at 10:16am — No Comments

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