As we struggle to address climate change and its threat to our food security, many solutions seem daunting and politically divisive. Food waste is one area where there are relatively painless ways to have a serious impact. We don’t need to consume less, tightening our belts or giving up our favorite foods, if we can consume smarter by using technology and data to make our food system more efficient. From apps where consumers can buy “ugly produce” to data systems that help grocers avoid overordering meat, machine learning, big data, online marketplaces, and other promising technologies offer a path to significantly reduce food waste. One of the easiest targets for change is the grocery store. An estimated 10% of produce is rejected because it doesn’t meet retailers’ quality standards, though often there’s nothing wrong with these items beyond the fact that they don’t look pleasing. Some of them end up canned, juiced, or otherwise processed … [Read more...] about Why we need better, bigger data to help combat food waste
Retail big data case study
Sections SEARCH Skip to content Skip to site index Subscribe Log In Log In Today’s Paper DealBook | DealBook Briefing: Big Tech’s Tough Day in D.C. Advertisement DealBook Supported by July 17, 2019 Good Wednesday morning. The Elon Musk-backed company Neuralink unveiled its plans to wire your brain to the internet last night — more on that below. (Was this email forwarded to you? Sign up here .) A glimpse at how lawmakers may rein in Big Tech Lawmakers took shots at tech giants yesterday during three hearings on Capitol Hill. Amazon, Apple, Facebook and Google faced questions about their market power, perceived bias as gatekeepers of communication and, in Facebook’s case, plans to reshape the financial industry. Perhaps the most revealing hearing was before the House Judiciary Committee, where a subcommittee on antitrust gave the best look yet at how lawmakers are thinking about … [Read more...] about DealBook Briefing: Big Tech’s Tough Day in D.C.
The computer scientist and entrepreneur explains how his technology empowers banks, retailers, and other businesses. The Oracles Published 12:00 pm CST, Friday, January 25, 2019 Photo: Yaniv Altshuler Photo: Yaniv Altshuler Image 1 of / 1 Caption Close Image 1 of 1 Photo: Yaniv Altshuler Yaniv Altshuler Uses Big Data and Artificial Intelligence to Predict Consumer Behavior 1 / 1 Back to Gallery In this series called Member Showcase, we publish interviews with members of The Oracles. This interview is with Dr. Yaniv Altshuler, founder and CEO of Endor, which improves business decisions and revenue by predicting consumer behavior. It was condensed by The Oracles. Who was your biggest … [Read more...] about Yaniv Altshuler Uses Big Data and Artificial Intelligence to Predict Consumer Behavior
Sections SEARCH Skip to content Skip to site index Technology Subscribe Log In Log In Today’s Paper Technology | Amazon Knows What You Buy. And It’s Building a Big Ad Business From It. Supported by ByKaren Weise Jan. 20, 2019 SEATTLE — When a chain of physical therapy centers wanted new patients, it aimed online ads at people near its offices who had bought knee braces recently on Amazon. When a financial services provider wanted to promote its retirement advisory business, it directed ads to people in their 40s and 50s who had recently ordered a personal finance book from Amazon. And when a major credit card company wanted new customers, it targeted people who used cards from other banks on the retail site. The advertisers found those people by using Amazon’s advertising services, which leverage what the company knows better than anyone: consumers’ online buying habits. … [Read more...] about Amazon Knows What You Buy. And It’s Building a Big Ad Business From It.
On Black Friday in 2018, online spending in the U.S. leapt 24 percent from the previous year. By contrast, in-store sales fell by 7 percent and footfall was down 9 percent. These numbers might give the impression that brick-and-mortar stores are losing relevance with consumers, but several successful online-only retailers are actually opening physical shops — and traditional brands can learn from them by looking at why and how they’re doing it. There are many reasons for online-first retailers to add an offline presence. For one thing, physical retail still accounts for about 85 percent of global business-to-consumer commerce. And although digital retail is growing, so is in-store retail. PwC’s 2019 Global Consumer Insights Study — to be released soon — shows that 24 percent of consumers regularly used mobile to shop in 2018, compared with 11 percent in 2014, and 49 percent regularly shopped in a physical store in 2018, versus 36 percent in 2014. Stores … [Read more...] about Digital-Native Retailers Are Giving Physical Stores a Radical Makeover