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Big Data For Big Returns At Retailers Big And Small?

PYMNTS

That’s a quote from department store maven John Wanamaker, illustrating a conundrum for retailers (and merchants in general): Namely, you’ve got to reach out to consumers if you are going to convince them to buy your wares. Thus, in the age of Big Data, how to ensure that time and money are well-spent? Neither is good to waste.

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Business Writing Gets A Boost From Big Data

PYMNTS

Excuse the verbosity, but there is a point: Digital technology and big data are transforming one of the most ancient forms of communication, writing – and in a way that could impact pretty much every business within a decade or so. Big data and digital technology promise to fuel the next progressions for this communication method.

Big Data 159
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H&M Looks To Big Data For Store Insights

PYMNTS

To reduce markdowns and break out of a lull in sales, H&M is turning to artificial intelligence (AI) and Big Data to tailor its merchandising mix in its brick-and-mortar stores. That 220 is a net number, however, and the retailer will actually be opening 390 stores and shuttering 170.

Big Data 121
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Triggering (Actionable) Big Data Insight, Always In Motion

PYMNTS

Speed is of the essence, particularly when it comes to fraud-fighting efforts by retail or financial services firms. Picture, for example, the credit card fraud schemes where machines – under the guise of looking like valid users – attack firms and commit fraud, presenting valid (but stolen) data to make off with goods.

Big Data 119
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Toshiba Rolls Out Unified Commerce Platform For Retailers

PYMNTS

Toshiba Global Commerce Solutions unveiled its ELERA unified commerce platform that will let merchants operate without the bounds of traditional retail IT infrastructures, according to a Wednesday (Jan. ELERA is currently used by the high-volume retail grocery and general merchandise verticals. 13) announcement emailed to PYMNTS.

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AI, Big Data And Automation Take Center Stage At NRF

PYMNTS

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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Big Data 4 Small Business Wins Visa/US Bank Big Hack For Small Business Competition

PYMNTS

Bank and Visa co-hosted the “Big Hack for Small Business” hackathon over the weekend, with the winner emerging as Big Data 4 Small Business. The team at Big Data 4 Small Business developed a solution that Visa said offers merchant-defined, enrichment-promoting analytics tailored to retailers.

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