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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. Data has become an essential resource and a key element in the growth strategy of large retail organizations. ravi.kumarv@cgi.com.

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Sustainability trends: 5 issues to watch in 2024

IBM Big Data Hub

2 For example, some are turning to software solutions that can more easily capture, manage and report ESG data. Retailers, particularly in the fashion industry, are increasingly embracing circular business models: rental and resale programs offer opportunities for growth, while repair services offer an alternative to landfill disposal.

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Customer Experience Trends: How To Stand Out From the Crowd

Reltio

Customer experience trends might change from time to time, but the central component remains steady: The customer must be at the heart of every business decision that you make. Customer Experience Trends: The Rise of the Consumer. Integrated and accurate customer data clears the path to: Business agility. Enterprise scalability.

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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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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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The Cost of Dealing With a Cybersecurity Attack in These 4 Industries

Security Affairs

As people have growing opportunities to shop online, the chances for hackers to carry out lucrative cyberattacks in the retail sector also go up. Statistics from 2016 showed that the average cost per compromised retail record was $172. People are becoming less tolerant of retailers that have widescale data breaches.

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How to Prepare for the Metaverse

AIIM

From the Australian Open offering fans art ball NFTs with real-time match data to JPMorgan Chase’s tiger-friendly lounge in the blockchain-based world Decentraland, metaverse events are exploding into 2022 as powerful new weapons to engage with people. 3 Ways to Prepare for the Metaverse.