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Analytics operating system Redbird makes data more accessible to non-technical users

TechCrunch

Almost every team in their business needs access to analytics and other information that can be gleaned from their data warehouses, but only a few have technical backgrounds. Erin formerly worked at McKinsey, helping companies set up and run data analytics capabilities, while Deren was chief product officer at Saks Fifth Avenue.

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3 ways Generative AI is transforming the retail industry

CIO

Generative artificial intelligence (GenAI) tools such as Azure OpenAI have been drawing attention in recent months, and there is widespread consensus that these technologies can significantly transform the retail industry. How can Generative AI speed innovation in retail? Caton : CarMax reviews millions of vehicles.

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Location data analytics startup Placer.ai raises $50M Series B

TechCrunch

It’s been a very tough year for Placer.ai ’s core customer segments of retail and commercial real estate, to put it mildly. But the foot traffic and location analytics startup saw growth in new categories, including consumer packaged goods (CPG) and hedge funds that use its tech to perform due diligence.

Analytics 236
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Nvidia offers retail loss prevention software to accelerate accelerator chip sales

CIO

GPU manufacturer Nvidia is expanding its enterprise software offering with three new AI workflows for retailers it hopes will also drive sales of its hardware accelerators. The workflows are built on Nvidia’s existing AI technology platform. Nvidia isn’t packaging these workflows as off-the-shelf applications, however.

Retail 189
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3 PIM Analytics Tools to Drive More Sales

Perficient

PIM Analytics can be important tool in your toolkit to make sure your product content is working as intended. PIM Analytics for Identifying Problematic Areas In addition to web analytics and sales reporting, you can integrate between the PIM and external systems to see what’s going well and not so well with your product data.

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How Digital Technologies Could Boost Tiny Retailers in Developing Countries

Harvard Business Review

Micro-retailers are vitally important to the economies of developing countries and to consumer packaged goods companies. The adoption of digital technologies could help change that. But their full potential is not being realized. But for that to happen, obstacles must be overcome. Three strategies can address them.

Retail 108
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TryNow raises $12M to bring try-before-you-buy, Prime Wardrobe as a service to online retailers

TechCrunch

TryNow — which provides technology to online retailers that use Shopify Plus to let their customers receive and try out apparel, return what they don’t want and pay only for what they keep — has raised $12 million, funding that it will be using to continue expanding its business. As-a-service, at your service.

Retail 253