Savvy retailers are harnessing the power of big data by combining data from a number of sources such as web browsing patterns, social media and industry forecasts. They are using big data to predict trends, prepare for demand, optimize pricing, and ultimately to improve each customer’s experience to increase acquisition and retention rates.
SoundOut Retail, a leading predictive analysis company and WGSN, a leading trend forecaster have partnered together to develop an innovative customer insight tool. The new service, which will enable fashion brands and retailers to better predict best-selling items before they hit stores, is set to be a game changer for the industry and will launch in early 2015.
AppDirect, the cloud service commerce company, has announced that it has acquired Leftronic, a Y Combinator company and leading provider of real-time business data and analytics dashboards. The strategic move expands AppDirect’s data management and visualization capabilities, a core element of its monetization and management platform, and delivers faster access to business data for the company’s network of app marketplaces.
After 18 months focused on product and technology development, Cognitive Scale has emerged from stealth with the industry’s first technology independent cognitive cloud platform, four vertical industry applications, new customers, partnerships with technology titans, and 22 patents filed.
IBM (NYSE: IBM) today announced that Stuttgarter Straßenbahnen AG (SSB), a leading German public transportation company, has turned to IBM Cloud, Software Defined Storage and Flash to improve business application performance and customer response times.
With the release of Intel® Cloud Edition for Lustre software in collaboration with key cloud infrastructure providers like Amazon Web Services (AWS), commercial customers have an ideal opportunity to employ a production-ready version of Lustre—optimized for business HPDA—in a pay-as-you-go cloud environment.