Here is how Big Data can help you in your growth strategies in ecommerce Ecommerce is taking a bigger slice of the global retail pie. In the US, for example, ecommerce currently accounts for approximately 10% of all retail sales, a number that’s projected to swell to nearly 18% by

After retailers suffered a bad year with bankruptcies, store closures and lower store footfall, we discuss why now is the time for retailers to invest in data and advanced technologies to boost consumer relations.   Bricks and mortar retailers would sooner forget 2018. The year that brought 16 U.S. bankruptcies,

The digital revolution has completely changed the way we buy and rent movies. Netflix, Amazon, Apple, Google and other on-demand entertainment service providers have made the brick-and-mortar video stores irrelevant. In July 2018, in Bend, Oregon, the last standing Blockbuster store shut its doors for good. That’s quite a comedown

It’s been one month since GDPR, General Data Protection Regulation, a policy set in place to address the digital age’s ever increasing flow of personal data, went into effect for European industries. GDPR is meant to give consumers more control over their personal data usage by companies, and this shift

Goldman Sachs predicts that a $100+ billion market opportunity for drones will exist until 2020 – and that’s not just for military usage. The aviation sector is clearly an attractive market capable of drawing in young entrepreneurial teams from across the world, such as the German startup AIRTEAM – an

At some point, almost every company faces questions like How good are the customers that we acquire? How do they differ from each other? How much can we spend to encourage their first or next transaction? As a measure that determines the amount of profit a customer brings over the

The sudden evolution of the phone from a single-function device for making calls to a multifunctional pocket computer is one that’s already changed how we conduct business and live our lives a great deal. Now more than ever before, however, our behavior is also influencing this evolution to create products

As a research scientist at the German online retail giant Zalando, Dr. Alan Akbik is an expert in Natural Language Processing and Data Extraction. In his work for the company, which at any given moment is handling massive numbers of online transactions in multiple languages, Akbik helps unveil unique insights

This article was originally published on cmo.com Every decade or so, a new, game-changing technology platform changes the way the world works. From the desktop, to mobile, and to the cloud, the landscape continues to advance. And now? We are knee-deep in the artificial intelligence (AI) revolution—one so big that

In a world of wide-ranging big data, analytics that have advanced so much that they can even help scouting for the NBA, and with several high-profile data breaches in the UK and the US making worldwide headlines in 2017, it is clearer than ever before that big businesses needs to embrace