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Online Grocer Ocado Acquires Robotics Companies To Drive Automation

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based online grocery, is heightening its automation drive by acquiring two robotics companies. The robotic pick opportunity in online grocery is of huge value to us and our clients globally,” said Tim Steiner , Ocado CEO. Ocado , a U.K.-based This has meant doubling “the pick and pack speeds” of robotic arms at five sites in the U.K.

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Signify US CEO (Formerly Philips Lighting): Lighting Up The Connected Economy’s Innovations

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Market Roger Karner told Karen Webster for this week’s edition of the Monday Conversation, the lights turn themselves off. The one thing we all have to learn: it is not about the innovations themselves. We get very excited about our innovative capabilities, and we are extremely proud of all of our IP and patents in this area.

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Caesars Puts Stake In Online Betting Co DraftKings

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Caesars Entertainment announced that it has reached an agreement to offer DraftKings , the leading sports-tech entertainment brand in the country, providing market access for its online gaming products. The access is exclusive to Caesars locations across select states where the company operates casino properties. and Australia. .

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The Great Online Innovation Pile On Of 2017

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There seems to be an awful lot of piling on these days on the big online platforms. Take a look at this chart, which lays out grocery chain market share. Walmart has the largest market share at 14.2 billion into Snap since it started in 2012, and its IPO in March of 2017 raised $3.4 This one is particularly amusing.

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Retailers Find New Innovation Fuel Against Amazon

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In this case of retail innovation, that comes down to a former Snap executive taking on Amazon with the launch of a new eCommerce platform. According to a report from CNBC , “in many ways, Verishop aims to be a high-end and online version of a department store. High-End Retail. The company generated about $3.3 Retail Challenge.

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Why Innovation Is Nothing Without Distribution

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More important, perhaps, than the innovations they made on behalf of their more famous lead players, was how their contributions accelerated those innovations’ time to market. Innovation in payments and commerce has an unsung hero, too. And who will influence how innovation happens. Distribution.

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How Retailers Drive Innovation With Subscriptions (And Payments)

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Brick-and-mortar retailers, as well as online merchants, are offering consumers all sorts of products and services through the subscription business model, from movies to tea. Some entertainment innovators are also rolling out new subscription services. And retailers are offering innovative subscriptions for all sorts of products.