SAN FRANCISCO (Reuters) - Google has a new cloud computing boss and big ambitions to someday produce more revenue from that business than from advertising. A Google logo is seen at the company's headquarters in Mountain View, California, U.S., November 1, 2018. REUTERS/ Stephen Lam Now comes the hard part: winning over big-spending customers. Alphabet Inc’s cloud computing division remains a distant third behind Amazon.com Inc and Microsoft Corp in terms of global revenue, according to analysts’ estimates. A few major companies manage their data on Google’s servers. But Google has nowhere near the vast customer base of Amazon, according to a new Reuters analysis of company regulatory filings. Businesses generally are not required to disclose their cloud vendors. Reuters found 311 out of about 5,000 worldwide that did so in 2018. While not comprehensive, the data provide a window into Google’s challenge. Thirty five of those companies named Google as … [Read more...] about Google’s new cloud boss has big task to catch rivals, Reuters data…
Retail task management
By Jennifer Smith WSJ Sun., Jan. 27, 2019 Retailers that have been turning to robots to handle inventory in warehouses are testing whether machines can handle a new task: detecting when store shelves need restocking. Keeping track of inventory and doing it quickly has become one of the most pressing supply-chain concerns for merchants as they try to put into place new strategies for selling and delivering goods under the fast-changing demands of e-commerce. Services including rapid home delivery and buy online-pickup in store are pushing retailers to blur the lines between distribution centers and stores—and obscure their view of how many items may be in stock and where the goods are held. The complicated blending of inventories in stores and warehouses has some retailers testing the use of shelf-scanning robots that roam store aisles and send restocking data back through their networks. “We’re giving them a real time, actual image of their product … [Read more...] about New Job for Robots: Taking Stock for Retailers
By: Jane Lewis 25/01/2019 Jack Bogle, founder of Vanguard, has died aged 89. He was the wit who invented index-tracking funds and helped destroy the self-serving myths of rapacious experts did all investors a great service. “If you have a pension, and have a flag, fly it at half-mast today,” tweeted The Economist’s Stanley Pignal to mark the death of Jack Bogle, who created the world’s first index fund. Bogle’s key insight – “don’t bother with stock-picking banker types, they’re mediocre, just buy all the stocks in the index” – was revolutionary back in the 1970s. So was the way he laid into rapacious “experts”, says The Wall Street Journal. “In the fund industry,” the Vanguard founder once observed, “you get what you don’t pay for.” His message that investment could be “simple as pie and cheap as dirt” struck home. Index-fund investments now … [Read more...] about Jack Bogle: the retail investor’s greatest champion
Prognosticators love to say retail is dead. But a very different message was delivered during a panel sponsored by TSX Broadway at last month’s Fast Company Innovation Festival. TSX Broadway’s investment partnership is wagering that retail is very much alive, placing a $2.5 billion bet on a 75,000-square-foot retail space at the corner of 47th Street and Seventh Avenue in the heart of Times Square. “We’re demolishing a 97% occupancy hotel,” David Orowitz, project manager from L&L Holding Company, told a packed audience at the panel, entitled “The Experience Is Everything: Exploring the Future of Retail, Entertainment, and Consumer Engagement.” “We’re lifting the third largest Broadway theater 30 feet in the air, refurbishing it, then rebuilding the tower to stand on a new retail ‘podium’ to create a platform for brands.” An LED screen running up the side of the building will be viewed on the “most … [Read more...] about Retail is dead. Long live retail!
Visit The Boston Globe Share on Twitter Share on Facebook Comment on this Scroll to top of page Janelle Nanos Globe Staff January 12, 2019 When it opened in 1976, the Faneuil Hall Marketplace was a marvel. More than 100,000 spectators sipped champagne at the ribbon-cutting of the restored Quincy Market, transformed from a tattered wholesale marketplace into a cosmopolitan consumer magnet. Mayor Kevin White, standing on the portico of the Greek Revival landmark, told the assembled crowd: “This market is yours, the public’s. Use it, enjoy it.” In an era when cities sacrificed dearly for revitalization, it was the rare urban renewal story that locals and tourists alike could enjoy.The marketplace’s prominent position on the Freedom Trail, next door to historic Faneuil Hall itself, quickly helped it draw foot traffic that now seems staggering: 32 million visitors a year patronized its collection of quirky local … [Read more...] about Faneuil Hall’s promised retail revolution? We’re still waiting.