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5 Industries That Are Being Revolutionized By Big Data

Smart Data Collective

IBM wrote an excellent report about the use of big data in the retail sector. Retail is an industry which relies heavily on big data in the modern-day. Simply put, if a retailer doesn’t understand their customer, they are going to struggle to succeed in the market. For example, big data can be used to analyze customer behavior.

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5 Ways Companies Use Machine Learning to Improve Workplace Productivity

Smart Data Collective

The retail landscape often finds it challenging to keep personnel costs low, while ensuring that customers are happy and satisfied. There are periods when a retail store doesn’t have customers for an extended period and having several staff members handling the store can be utterly unproductive and costly.

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The Future of Retail: Key Technologies for Success

Fingent

In addition, the lockdowns and store closures due to the unprecedented events of 2020 accelerated digitization in the retail industry. According to Forbes, roughly […] The post The Future of Retail: Key Technologies for Success appeared first on Fingent Technology. Consumers today don’t just make purchases online.

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Why Data Center Colocation Is The Answer To Your Data Growth

Smart Data Collective

On the other hand, retail providers deal with smaller spaces. Companies using data centers within their data recovery strategies do this with the aim of mitigating risk in the case of some external mishap (unfortunate events such as natural disasters). Basically, this space is empty besides the power outlets and cooling devices.

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Big Data Meets Divorce: How Companies Take Advantage Of Life Changes

Smart Data Collective

And as with many other major life changes, divorce will impact your consumption patterns – something retailers hope to use in their favor. Regulators can’t control which types of data retailers collect, nor can they control how they use that data to target their ad campaigns. Can Big Data Affect Divorce Proceedings?

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How a modern data stack is unlocking agility across the retail industry

Tableau

Director of Global Industry Advisors, Retail and Consumer Goods Lead, Tableau. Retailers are also dealing with online shopping surges that add new complexities to existing data strategies due to an influx of raw, unprepped, and largely underutilized data. . How an MDS with Fivetran, Snowflake, and Tableau drives retail agility.

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Ways Big Data Creates a Better Customer Experience In Fintech

Smart Data Collective

An excellent example is how the Oversea-Chinese Banking Corporation (OCBC) designed a successful event-based marketing strategy based on the high amounts of historical customer data they collected. Better UI/UX based on A/B testing. Big data is, without a doubt, a tech advancement revolutionizing the Fintech industry.