Brick and mortar stores have been cautiously embracing data, but Target has turned its cornucopia of information into a key to market success.
"Home Depot plans to spend $300 million on supply chain, technology and online improvements including building new fulfillment centers and overhauling its warehouse technology systems... the moves are aimed at boosting online sales, including a same-day delivery service aimed at customers and professional contractors who might be in the midst of a home improvement project and want lumber, tiles or screws in a matter of hours."
Check out the heat map in the picture in this article. Retailers are now using Prism Skylabs which combines video from security cameras with software to build flow charts of people's movements and uses heat maps to show which products get picked up more frequently than others. Does this raise privacy issues?
With IT budgets growing 3% in 2014, "the fastest pace in the the past three years," Shvetank Shah writes that, "the underlying theme of the 2014 CIO agenda is blurring perimeters - both inside the IT function, and between IT and its business partners, employees and customers." He outlines 4 critical areas to make this happen.
Does your organization use IT money to "keep it running" or "improve the business"?
By Alissa Pnonchione via CFO
Out of 237 financial executives surveyed between October 2012 and January 2013, fourty-four percent of respondents said their influence over IT investment had increased over the past two years.
Will Big Data stay the big buzzword in 2014? Among other things, this slideshow predicts Big Data will move to Extreme Data, but out here on the streets, I hear Fast Data is the next big thing.
This article includes a summary of IDC, IIA (Institute of Analytics) 2014 Big Data predictions as well as a link to Gartner's predictions.