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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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What are the Challenges of Applying Machine Learning in Economics and Business?

Analysts Corner

Economic and business data often change due to external events, such as recessions, regulatory changes, or technological advances, affecting a model’s long-term reliability. For instance, retail sales may increase during the holiday season, while certain industries are affected by fiscal year-end or election cycles.

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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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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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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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Business Analysis Trends [2025 Update]

Passionate BA

An amount of separate events considering AI also grew up, with a few speaking about specifics for BA. I do not remember any atomic events that had any impact. There are many other tools, but these platforms dominate the landscape, making them essential for streamlining processes in industries like finance, retail, and logistics.

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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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