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Early Days: AI Shows Promise And Limitations For Retailers

PYMNTS

Hire a data scientist. Give said scientist(s) a budget to lease a Tensor Flo server with Google and start parsing transaction data. Use data to build an algorithm. Start creating more customer data to feed the algorithm and then you too can join the artificial intelligence (AI) retail revolution. This is easy.

Retail 203
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Study: Virus Has Sent Most Adult Children To Live At Home

PYMNTS

Census Bureau data by the Pew Research Center, a nonpartisan think tank, found COVID-19 has caused millions of Americans, especially young adults, to move in with family. The numbers are consistent across major racial and ethnic groups, genders, city and rural residents in the nation’s four regions. An analysis of U.S

Study 131
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Data Dive, Go Big Edition: Apple, Amazon And CloudKitchens

PYMNTS

According to reports last week, Amazon will soon be heading to Boston to construct a $40 million state-of-the-art robotics innovation hub. The 350,000-square-foot facility is planned for Westborough, Massachusetts, a community roughly 35 miles west of Boston. Amazon’s Big Robotics Investment .

Apple 101
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Today In Payments: Facebook Closes $5.7B Deal For Stake In Reliance Jio; GM Shutters Its Car-Sharing Platform

PYMNTS

billion deal on Tuesday (April 21) for a minority stake in Indian telecom startup Reliance Jio, giving the social media giant a larger foothold in the region. Maven had already began winding down the number of cities in which it operated, shutting down in major markets like Boston, Chicago and New York City.

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How Spend Tools Feed Food Banks’ Need For Accountability

PYMNTS

Recent data indicated that 82 percent of SMBs shutter in their first year because of poor cash management operations. As SMBs seek opportunities to expand their operations, and reach new customers and markets, they will need the right spend and workforce tools to ensure funds are spent appropriately. billion in value by 2025.

Tools 141
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How to Offset an Evaporating Data Center

Gonzobanker

Banks and credit unions that have lost the ability to differentiate with their own data centers can regain control with a strategic approach to outsourcing. . Attracting and keeping technology talent at a regionally based financial institution is a constant struggle. Unfortunately, those days are over. Tech Talent Famine.

Data 63
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Digitization Could Halt Corporate Banks’ Shrinking Profits, Analysts Say

PYMNTS

The Boston Consulting Group (BCG) has released a new report that suggests corporate bankers may be able to halt shrinking profits through digital transformation. The trend is even worse among Western European FIs, with shrinking profits prevalent among 57 percent of institutions in this region, reports said.

Boston 109