Tag: Retail

Feed: Teradata Blog. Retail & CPG finance functions are racing to transform as they battle to regain momentum post-pandemic, whilst also being faced with increasing headwinds from rising inflation, supply chain disruptions and the ever-increasing threats of digital-first new entrants. To weather these storms, and not only survive, but thrive, successful retailers & CPGs are building in increased agility and enhanced overall financial visibility. The confidence to grasp new opportunities, drive growth, embrace change and overcome challenges derives from a finance function reimagined to become the go-to source of analysis and predictions based on detailed, accurate and trusted data. It ... Read More

Feed: AWS Big Data Blog. Do you want to reduce stockouts at stores? Do you want to improve order delivery timelines? Do you want to provide your customers with accurate product availability, down to the millisecond? A retail operational data lake can help you transform the customer experience by providing deeper insights into a variety of operational aspects of your supply chain. In this post, we demonstrate how to create a serverless operational data lake using AWS services, including AWS Glue, Amazon Kinesis Data Streams, Amazon DynamoDB, Amazon Athena, and Amazon QuickSight. Retail operations is a critical functional area that ... Read More

Feed: SAS Blogs. Author: Jason Burke. A huge benefit of working at SAS is that you work shoulder to shoulder with people who have extraordinary long-term, hands-on industry experience. In the continuation of my interviews, I met Andrew Fowkes, whose experience in retail and analytics spans 30 years, and from whom I have learned a lot. I met with him to dig a little deeper into the sustainability topic, how it relates to market trends, and how the SAS and Microsoft partnership is a catalyst to tackle the question of agile and cost-effective analytics. Thanks for joining me, Andrew. Your ... Read More

Feed: CronJ. Author: Debopriyo; Table of Contents What is the Metaverse? Long before retail metaverse, Neal Stephenson created the term metaverse in his 1992 novel Snow Crash to describe a virtual world that was popularly used in his imagined future, a 21st-century dystopia. In Snow Crash, the metaverse was depicted as a planet-encircling marketplace where virtual real estate could be bought and sold and where users inhabited avatars whose form they had the freedom to choose. Three elements make up the core of the metaverse idea: a VR interface, digital ownership, and avatars. While these features are still important to the concept ... Read More

Feed: Teradata Blog. Two years after the word “COVID” entered virtually every conversation in both our private and professional lives, it appears that at long last there is light at the end of the tunnel. Companies are finally able to move from the rapidly evolving reactive and defensive approaches that have been so necessary, onto a more stable and longer-term focus within the “new normal”. During this period a significant percentage of supply chain activity was focused on operational elements, requiring constant firefighting just to get any goods to market and shore up supplies, as supply chain routes and capacities ... Read More

Feed: Events. Author: . For a look ahead at the trends that will animate the retail industry this year, let’s take a look back at the 2022 National Retail Federation (NRF) "Big Show" in NYC.Attendees at January’s event were treated to tangible examples of how retail challenges are being solved today, including new solutions to help them parse customer expectations and buying patterns, adapt stores into omni-channel experience hubs, and improve data visibility and actionability.NRF 2022 also took the “omni-channel everything” theme of last year’s show to the logical next level: Enabling the best hybrid experiences. The message came through ... Read More

Feed: AWS Public Sector Blog. Author: Erica Salinas. Increased digitalization is transforming the payments landscape. The advent of private sector digital currencies, and their growing acceptance, combined with the reduction in everyday use of physical cash in parts of the world, opens up new opportunities and risks for central banks and financial institutions. Over 85 countries, representing over 90% of global GDP, are researching the possibility of launching a retail central bank digital currency (CBDC). However, as central banks evaluate the pros and cons of CBDCs, they are considering different approaches and designs to address the variety of needs and ... Read More

Feed: Journey to AI Blog; Author: Daniel Humphries; That retail has experienced extreme disruption in recent years is beyond questioning. Even before Covid turned the world on its head, headlines about the so-called “retail apocalypse” were near-ubiquitous in the media. Since then, we’ve seen lockdowns, fluctuating openings and closings, some firms going out of business altogether, celebrations of essential retail workers and a surge in online shopping that brought record profits while yielding more ambiguous results for others. And now, with ongoing supply chain disruption, inflation and a tight labor market, it’s clear that the retail sector still faces substantial ... Read More

Feed: Alation. Author: Jason Rushin. February 15, 2022 — For more than two decades, the big battle in the retail industry has been between online and offline channels. It was the bricks-and-mortar, merchandising experience versus the data-driven, near-limitless inventory and dynamic flexibility of e-commerce competitors. But today’s consumer wants both. The pandemic only accelerated the trend of omnichannel consumers demanding more personalized attention from both broad and niche retailers. To meet this trend, retailers know that data is the key. The wide-open, greenfield opportunity presented by retail data in the early e-commerce days has also changed. Retailers today see the ... Read More

Feed: SAS Blogs. Author: Antonio Calvo. The waves of disruption just keep coming. Retailers have learned to make rapid pivots to catch and surf the big ones – but how are they doing with AI? NRF this year explored what it means to ride the AI wave in retail. We invited experts from Microsoft, Sitoo and SAS to reflect on a number of contributing factors. The full SASchat is here, but here are my top takeaways. There are 2 main areas for intelligent decisioning in retail The first is customer engagement and personalisation. For example, at NRF, we heard from ... Read More