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Data science vs data analytics: Unpacking the differences

IBM Big Data Hub

Though you may encounter the terms “data science” and “data analytics” being used interchangeably in conversations or online, they refer to two distinctly different concepts. Meanwhile, data analytics is the act of examining datasets to extract value and find answers to specific questions.

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Data monetization: driving the new competitive edge in retail

CGI

Data monetization: driving the new competitive edge in retail. Retailers are fully aware that their future relies largely on their ability to use data efficiently. However, in today’s dynamic and highly competitive retail sector, retailers need to accelerate their plans and commit resolutely to the path of data monetization.

Retail 96
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The most valuable AI use cases for business

IBM Big Data Hub

Promote cross- and up-selling Recommendation engines use consumer behavior data and AI algorithms to help discover data trends to be used in the development of more effective up-selling and cross-selling strategies, resulting in more useful add-on recommendations for customers during checkout for online retailers.

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Streamlining supply chain management: Strategies for the future

IBM Big Data Hub

Big data and predictive analytics are increasingly being used to improve forecasting accuracy, allowing businesses to respond more effectively to changes in customer needs. Sustainable and ethical sourcing Companies are trying to ensure that every stage of their supply chains is adhering to responsible practices.

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AI in commerce: Essential use cases for B2B and B2C

IBM Big Data Hub

Disapproval of brands or retailers that use AI is as high as 38% among older generations, requiring businesses to work harder to gain their trust. By using machine learning algorithms and big data analytics, AI can uncover patterns, correlations and trends that might escape human analysts.

B2C 49
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FDA FSMA: Providing value beyond compliance

IBM Big Data Hub

Supply chains comprise multiple tiers and it is crucial for all stakeholders — including distributors and retailers — to make consumer safety a top priority. They will be able to: Utilize reporting to identify trends and risks within the product supply chain for mitigation and improvement.

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5 Steps CPGs Should Take When Considering Direct-To-Consumer (D2C)

Reltio

The move to direct-to-consumer (D2C) sales by Consumer Packaged Goods (CPG) companies is already a recognizable trend but it’s widely acknowledged that the global pandemic has accelerated its adoption. The majority is produced in bulk and delivered in tankers or bags of more than 16kg to bakeries or other food manufacturers.