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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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It’s time to think twice about retail loyalty programs

Thales Cloud Protection & Licensing

As I was starting to write this blog, yet another retail program data breach occurred, for Marriott’s Starwood loyalty program. What I’d originally planned to write about was a topic that directly applies – why retailers of all stripes are not investing in data security. But none of these reasons rose to the top in retail.

Retail 66
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Process Excellence: A transformational lever to extreme automation

IBM Big Data Hub

What do a Canadian energy company, a Dutch coffee retailer and a British multinational consumer packaged goods (CPG) company have in common right now? All are transforming their procurement operations by leveraging state-of-the-art process mining and intelligent automation technology. dollars annually in direct or indirect procurement.

Mining 69
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How IBM and AWS are partnering to deliver the promise of AI for business

IBM Big Data Hub

In today’s digital age where data stands as a prized asset, generative AI serves as the transformative tool to mine its potential. One of the largest children clothing retailer in the US utilizes this solution to streamline its complex supply chain.

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Call Center Modernization with AI

IBM Big Data Hub

It mines data, customizes interactions and is continuously learning. “ *Insert Name*, transferring you to one of our agents who can answer your question about coverage abroad.” . Take Arvee, for example, an IBM Watson AI-powered virtual assistant for Camping World, the number one retailer of RVs. Read more client stories.

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Don’t Follow the Money; Follow the Customer!

Bill Schmarzo - Dell EMC

eBay: One of the world’s most valuable retailer has no inventory. Where Amazon plans to take the grocery industry (as well as the entire retail industry) starts with their mission statement: Traditional Grocer : “Our goal is to be the first choice for those customers who have the opportunity to shop locally”.

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Data science vs data analytics: Unpacking the differences

IBM Big Data Hub

This iterative process is known as the data science lifecycle, which usually follows seven phases: Identifying an opportunity or problem Data mining (extracting relevant data from large datasets) Data cleaning (removing duplicates, correcting errors, etc.)