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AI, Big Data And Automation Take Center Stage At NRF

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Several new innovations that change the way retailers manage inventory and consumers purchase products were on display at the National Retail Federation’s annual trade show, The New York Times reported. During the three-day event, retail industry leaders discussed artificial intelligence, Big Data and automation.

Big Data 112
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Palantir Reportedly Posted $580M Loss Last Year

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The Times garnered the documents, which provide an in-depth view into the firm’s operations as well as accounting. Palantir, which was started by Peter Thiel and Alex Karp, is focused on Big Data and works with government bodies as well as large corporations to make sense of large amounts of data.

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Cybersecurity Firm Cybereason Snags Another $200M From SoftBank

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The new funding will be used to boost the company’s operations, with a focus on global growth. Cybereason’s big data analytics approach to mitigating cyber risk has fueled explosive expansion at the leading edge of the EDR domain, disrupting the EPP market,” said Lior Div, CEO and co-founder of Cybereason, in the release.

Boston 115
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As AI Enters The SMB Community, Cloud Adoption Still Lags

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Whether robots will take our jobs or take over the mundane tasks for humans to shift to more strategic operations, one thing is for sure: Automation is changing the workforce. But as the tools SMBs adopt become increasingly sophisticated, the exact nature of how these technologies will change the small business workforce is unclear.

Community 117
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India’s FreshToHome eCommerce Startup Lands $20M To Expand

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The company sources all of its food directly from 1,500 fishermen and farmers across the nation, using an app to negotiate with its suppliers. FreshToHome currently has 650,000 customers in 10 cities in India, and recently launched operations in UAE, as well as opened physical stores in Bangalore and Chennai.

Big Data 116
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Lightspeed Rolls Out Integrated System; Central JD Fintech Unveils Dolfin Wallet

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The system integrates payment processing with a point of sale (POS) for merchants operating online and in physical stores. In Asia, Central JD Fintech is introducing an offering called Dolfin Wallet to help power a move to a cashless society, which is an effort involving Kasikornbank and Bangkok Bank, The Nation reported.

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Industry 4.0 Pulls South Africa’s SMB Banking Sector Into The Technology Mix

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The nation’s unique history and current economic challenges may actually present a prime moment for innovators in the small business (SMB) financial services (FinServ) space, particularly as the Fourth Industrial Revolution ushers in continued digitization across the globe — South Africa included. Challenge Breeds Opportunity.