CIO Business Intelligence

NOVEMBER 22, 2022

Digital transformation initiatives have picked up in the retail sector in recent years as store chains compete for brand awareness and sales in a rapidly evolving market. By 2026, retailers’ global investments in digital transformation tools are expected to reach $388 billion , growing by 18% a year. And online ordering accelerated.

Digital Transformation 145

Digital Transformation Sales Machine Learning Optimization 145

CIO Business Intelligence

APRIL 30, 2024

Unlike traditional centralized cloud computing, edge computing brings computation closer to the data source—whether it’s a fleet management, automated industrial machines, drone, or an autonomous vehicle. When AI is brought to the edge the analysis of sensor data from industrial machinery can predict failures or maintenance needs.

Forecasting 98

Forecasting Optimization Advertising IoT 98

CIO Business Intelligence

APRIL 4, 2024

Rethinking physical retail strategy On Tuesday, AWS also downsized its team responsible for developing technology for Amazon’s physical retail stores. Bezos aimed to differentiate the company in the grocery market and eliminate waiting in lines, which he considered the worst aspect of physical retail.

Marketing 111

Marketing Reporting Sales Technology 111

CIO Business Intelligence

JANUARY 13, 2023

In a bid to help retailers transform their in-store, inventory-checking processes and enhance their e-commerce sites, Google on Friday said that it is enhancing Google Cloud for Retailers with a new shelf-checking, AI-based capability, and updating its Discovery AI and Recommendation AI services.

Machine Learning 133

Machine Learning Sales Optimization Modeling 133

IBM Big Data Hub

MARCH 8, 2024

The ecosystem has become more complex as business models advance and new ecommerce trends appear. Some forecasts suggest online retail might be responsible for half of all retail revenues by next year. Shipping and logistics can get complicated in new markets and are subject to global supply chain interruptions.

Consulting 87

Consulting Marketing Sales Data Processing 87

CIO Business Intelligence

FEBRUARY 15, 2024

Like many incumbents in the consumer packaged goods (CPG) industry, Henkel was slow to embrace digital technologies, resulting in a widening disconnect between the 147-year-old company and the changing needs of its customers. We’ve been lucky, I think, because we have interesting industry problems to crack,” Nilles says.

B2B 138

B2B Optimization Machine Learning Software 138

IBM Big Data Hub

APRIL 25, 2024

This reality means that every brand in every industry with every business model needs to optimize the commerce experience, and thus the customer experience , to drive conversion rates and revenues. Commerce is a complex journey in which the moment of truth—conversion—takes place. Experience is the North Star of conversion.

Strategy 87

Strategy Sales Marketing Consulting 87

IBM Big Data Hub

FEBRUARY 15, 2024

The retail industry employs millions of people, and next-generation retail employees will be significantly impacted by the rise of generative AI. With generative AI, retailers can fine-tune inventory and adapt store layouts in real-time, improving navigation, product visibility and stock management.”

Technology 67

Technology Data-driven Risk Modeling 67

CIO Business Intelligence

MAY 2, 2023

Generative artificial intelligence (GenAI) tools such as Azure OpenAI have been drawing attention in recent months, and there is widespread consensus that these technologies can significantly transform the retail industry. How can Generative AI speed innovation in retail?

Cost-Benefit 98

Cost-Benefit Sales Visualization ROI 98

Smart Data Collective

OCTOBER 6, 2023

Data analytics technology has helped retail companies optimize their business models in a number of ways. There are inevitable ups and downs that every industry experiences, and recognizing these ebbs and flows can fundamentally impact your business. McKinsey Global Institute reports that 52% of retail activities can be automated.

Management 118

Management Analytics Predictive Analytics Cost-Benefit 118

CIO Business Intelligence

MARCH 27, 2024

Moreover, many of the big companies that worked with NIST on the selection process are already preparing to use the new standards. Some industries are more affected than others, such as healthcare, financial services, and higher education, where medical records, financial information, and academic records need to be protected for a lifetime.

Optimization 140

Optimization Consulting Machine Learning Testing 140

CIO Business Intelligence

APRIL 20, 2023

Retail organizations face an urgent need to accelerate digital transformation efforts in response to economic insecurity, persistent inflation, and growing consumer price sensitivity. With cloud adoption, retailers have been successful and with emerging artificial intelligence (AI) capabilities on cloud, they can break the barriers.

Digital Transformation 98

Digital Transformation Manufacturing Data-driven Consulting 98

Dataiku

JANUARY 9, 2024

Entering into a new year often brings a combination of old and new, and the Retail & CPG industry is no exception to that rule. There will be recognizable consumer behavior and expanding perspectives on trends that are not necessarily new but new to the priority list for 2024.

Technology 64

Technology 64

datapine

AUGUST 19, 2020

Inventory metrics can be common to different industries, and it is no surprise that you can identify one as a logistic KPI , but also see it listed as a retail KPI for instance. Meeting customers’ demands is critical in successfully managing your company’s inventory, especially in the FMCG industry.

Metrics 286

Metrics KPI Cost-Benefit Dashboards 286

CIO Business Intelligence

MAY 16, 2023

SAP is also looking to improve its customer experience tools in other ways, providing industry-specific accelerators to help some enterprises roll the software out faster, and helping online retailers reduce waste by offering tools to support the resale of refurbished or returned products. It’s not a reactive chatbot,” she said.

Sales 114

Sales Software Interactive Enterprise 114

CIO Business Intelligence

AUGUST 1, 2023

The usage of generative AI across enterprises is already widespread, although it is still early days for the new technology, according to a report from McKinsey’s AI consulting service, Quantum Black. Nearly 22% of the respondents said they are using generative AI for their work.

Enterprise 98

Enterprise Sales Manufacturing Forecasting 98

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. Big data is a not new concept, and it has been around for a while. Source: Statista.

Big Data 124

Big Data Technology Cost-Benefit Predictive Analytics 124

CIO Business Intelligence

APRIL 19, 2023

Thanks to cloud, Internet of Things (IoT), and 5G technologies, every link in the retail supply chain is becoming more tightly integrated. Shanthakumar, Solution Architect – IoT, Retail Business Unit, TCS.

IoT 105

IoT Internet of Things Optimization Digital Transformation 105

CIO Business Intelligence

JULY 7, 2023

They also provide a foundation for unprecedented business innovation and transformative new digital experiences. Private 5G by industry: a closer look When we investigate industry-specific applications enabled by 5G at the edge, things get interesting.

Manufacturing 105

Manufacturing Enterprise Strategy Marketing 105

CIO Business Intelligence

OCTOBER 16, 2023

The numerous new attack vectors being used by threat actors to obtain payment card data underscores the increasing necessity of compliance with the Payment Card Industry Data Security Standard (PCI DSS). In the Hospitality industry, credit card data was the target of 41% of cyberattacks, according to the 2023 DBIR.

Consulting 127

Consulting Enterprise Reporting Risk 127

CIO Business Intelligence

OCTOBER 16, 2023

Their influence is undeniable – which is why Huawei has created a new digital platform to support them. Huawei opens new doors to small to medium businesses Huawei has developed a strategy and a suite of products targeted toward digitally enabling small to medium enterprise players in the distribution business.

Digital Transformation 128

Digital Transformation Sales Marketing Enterprise 128

CIO Business Intelligence

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.

Sales 94

Sales Digital Transformation Data-driven Optimization 94

Cloudera

MARCH 25, 2024

Meet Cloudera’s new Senior Vice President of Global Communications, Jess Hohn-Cabana. In this Employee Spotlight, we’ll get to know more about Jess, her new role, and her recent award win at the 2024 Ragan Top Women in Communications Awards. What is one goal you hope to accomplish in your new role?

Advertising 80

Advertising Manufacturing Strategy Software 80

CIO Business Intelligence

JANUARY 18, 2024

In industries such as manufacturing, logistics, transportation, agriculture, and energy exploration, extreme and ever-changing conditions illustrate the critical need for robust and reliable connectivity. Their new private 5G network completely eliminated that issue.”

Sales 116

Sales Cost-Benefit Manufacturing Enterprise 116

CIO Business Intelligence

MARCH 21, 2024

“The presence of Huawei 5G Smart Warehouse can be a wake-up call as well as a prime example for the entire ecosystem to be able to immediately integrate 5G technology in digitalization which manifestly presents breakthrough solutions that are beneficial not only for the logistics industry but also various other sectors,” Ismail said.

Informatics 105

Informatics Digital Transformation IT Manufacturing 105

DataRobot Blog

OCTOBER 18, 2022

The DataRobot expo booth at the 2022 conference showcased our AI Cloud platform with industry-specific demonstrations including Anti-Money Laundering for Financial Services , Predictive Maintenance for Manufacturing and Sales Forecasting for Retail. Accelerating Value-Realization with Industry Specific Use Cases.

Big Data 96

Big Data Forecasting Experimentation Metrics 96

CIO Business Intelligence

AUGUST 2, 2023

Enthusiasm for generative AI technology, a branch of AI that can be used to autonomously create new content such as images, videos, or text, varied from one industry to another. Financial services industry respondents were evenly split on the question. Other respondents were managers, directors, or VPs.

Enterprise 98

Enterprise Experimentation Manufacturing Risk 98

Dataiku

DECEMBER 29, 2022

In many ways, it still feels like we’re grasping for the new normal. Nevertheless, enterprises across the Retail and CPG industry are looking ahead and planning for the future in novel ways. With that in mind, in this blog we’ll take a look at three trends in Retail and CPG to keep your eye on for the coming year.

Enterprise 74

Enterprise IT 74

Smart Data Collective

FEBRUARY 14, 2023

The furniture industry is among those relying more heavily on data analytics. RetailDive recently published an article titled Furniture retailer embraces digital marketing and measures its impact with analytics , which underscores the benefits that analytics offers. How can data analytics help the office furniture industry?

Data Analytics 117

Data Analytics Analytics Advertising Sales 117

IBM Big Data Hub

FEBRUARY 12, 2024

Across arguably every industry, business leaders view a great customer experience strategy as a key differentiator. How we arrived at this CX environment Early days of retail Before mass media, it was harder to know what other products were available outside of the ones offered by the local store.

Data-driven 103

Data-driven Manufacturing Consulting Advertising 103

IBM Big Data Hub

FEBRUARY 14, 2024

AI is not yet loading the dishwasher after supper—but can help create a legal brief, a new product design, or a letter to grandma. Over at Spotify, they’ll suggest a new artist for the customer’s listening pleasure. We’re all amazed by what AI can do.

Cost-Benefit 88

Cost-Benefit Insurance Unstructured Data Machine Learning 88

Ontotext

APRIL 6, 2023

It can apply automated reasoning to extract further knowledge and make new connections between different pieces of data. This model is used in various industries to enable seamless data integration, unification, analysis and sharing. Manufacturing and Industry 4.0 Check out our demo to understand the various Industry 4.0

Manufacturing 83

Manufacturing Cost-Benefit Knowledge Discovery Optimization 83

IBM Big Data Hub

FEBRUARY 26, 2024

Outside the glitz of new phones, connected cars and 5G with everything, there are some real challenges the industry must address. Top of mind for me are three key challenges, and opportunities, to which we must all pay attention, should we expect our industry to remain healthy. The telecom industry is no exception.

Revenue Optimization 103

Revenue Optimization Cost-Benefit Enterprise Optimization 103

CIO Business Intelligence

JULY 14, 2022

The ANWR Group, a Mainhausen-based community of financial services and retailers in the footwear, sporting goods, and leather goods industries, has, until 2018, used the ERP system of its bank subsidiary DZB Bank, and as a result, banking sector regulations for financial accounting and controlling also applied to the retail area of ??the

Reporting 97

Reporting Consulting Software Strategy 97

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. As users demand more intuitive apps and mobile friendly websites from goods and services providers, how are key industries benefiting? What are data-driven apps? Healthcare.

Data-driven 135

Data-driven Advertising Big Data Marketing 135

CIO Business Intelligence

OCTOBER 16, 2023

In a volatile payments landscape, enterprises are preparing for the Payment Card Industry Data Security Standard (PCI DSS) version 3.2.1 The new requirements are needed to help businesses prevent payment card data from being compromised or stolen. to expire on March 31, 2024.

Consulting 126

Consulting Reporting Enterprise Risk 126

CIO Business Intelligence

JUNE 23, 2022

Following is a look at how companies across a range of industries are deploying computer vision to improve and optimize key business processes, from retail fulfillment to health-care diagnostics. Industries that make heavy use of computer vision include manufacturing, healthcare, automotive, agriculture, and logistics and supply chain.

Manufacturing 145

Manufacturing Machine Learning Testing Marketing 145