bonprix, the global fashion retailer, is expanding its relationship with Teradata (NYSE: TDC), the big data analytics and marketing applications company.
In this special guest feature, Jim Shea of First Insight shares his perspectives for how data analytics is transforming the retail industry past several key pain points. Jim Shea is Chief Marketing Officer at First Insight, a solution provider empowering companies to drive new product success by introducing the right products at the right price.
A Total Economic Impact study conducted by Forrester Consulting on behalf of Teradata found that the Teradata Aster Discovery Platform is delivering compelling economic and technology Return on Investment (ROI) as well as important business and marketing benefits for an online flash sale retailer. The study was based on a Teradata retail customer with over five years of experience using the Aster Discovery Platform to implement a big data analytics and discovery solution.
MapR Technologies, Inc., provider of a top-ranked distribution for Apache™ Hadoop®, has quickly established itself as the go-to big data provider for some of the world’s biggest and most innovative advertising and digital media companies, which experience their busiest times with the onset of the holiday shopping season.
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.
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.