Whether Artificial Intelligence (AI) is something you’ve just come across or it’s something you’ve been monitoring for a while, there’s no denying that it’s starting to influence many industries. And one place that it’s really starting to change things is e-commerce. Look at some examples of how leading online stores have used AI to enrich the customer buying experience.
Set against a backdrop of declining profitability and significant changes in consumer lifestyles, retailers are under pressure to deliver the best freshness and optimal availability to their customers without the ability manage cost to serve. Typically, 40 percent of grocery revenue is driven by fresh, according to the latest McKinsey report: get this right and the rest will follow, including the customer and profits. Grocery has traditionally struggled to deliver the right customer experience in fresh without forsaking margin.
Amplitude Study Finds that “N Day” Retention Metric Underestimates the Percentage of Users who Return to Apps by a Factor of 3.5X
Amplitude released findings from a study of retention data collected from its popular analytics platform and found that the most commonly used retention metric, known as ‘N Day,’ underestimates the percentage of users who return to apps over time by a factor of 3.5x.
EDITED, the source of real-time data for brands and retailers, has launched the first software feature to help companies capitalize on the billion dollar activewear market.
Today SGI announced that enterprises can now leverage the Intel-based SGI UV 300H server in a multi-node cluster (scale out) to run SAP Business Warehouse (SAP BW) on SAP HANA or new SAP BW/4HANA. Unique to SGI, the cluster nodes can later be reconfigured as single-node systems with 1 to 32TB of shared memory (scale up) to run SAP S/4HANA and other real-time applications. “For large enterprises that plan to migrate to SAP S/4HANA but wish to begin their journey to SAP HANA with SAP BW, our new SGI cluster offering is unquestionably the optimal solution,” said Jorge Titinger, president and CEO, SGI. “The scalability of the SGI UV 300H architecture coupled with our expertise in mission-critical environments provides an ideal path to real-time business with SAP HANA.”
The infographic below from our friends over at Visenze was inspired by the growing trend on how AI capabilities and applications are attempting to solve real-world issues that e-commerce businesses are facing.
ClearStory Boosts Top-Line Growth with Automated Analytics that Blend Disparate Data Sources Into Insights
ClearStory Data, the company bringing business-oriented Analytics and Data Intelligence to everyone through fast-cycle, disparate data analysis, announced faster, more meaningful brand analytics insights.
The presentation below from Hadoop Summit 2016 shares how Macy’s successfully made BI work on Hadoop. You’ll see how the company kept the top spot as the largest US department store by innovating with interactive, self-service Business Intelligence directly on Hadoop.
In this special guest feature, Jeff Morris, Vice President of Data Monetization Strategy & Success at GoodData, explores a fundamental shift of the value of data within retail, and outlines solutions for various members of the retail community to utilize data for both internal and external use.
Natero aims to empower Customer Success, Sales, and Marketing teams to become data-driven, without having to be data experts. It automatically aggregates and mines all sources of customer data to uncover actionable insights.