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Artificial Intelligence

  • Giving consumers the power to negotiate can transform e-commerce

    E-commerce has changed the way consumers purchase products, but until very recently, the basic structure of the transaction and sale itself hadn’t evolved much: People browse for products they want, compare prices across sites, maybe submit a code for a discount coupon if they have one and make a purchase. But a recent development points to a big change on the horizon for ecommerce, and the symptom is the massive sales growth achieved by major retailers who have embraced the new model.

  • Walmart, Kroger, and Target among chains working with University of Florida team to curtail shoplifting

    GAINESVILLE, Fla - More than 40 major retail chains, including The Home Depot, Walmart, Kroger and Target, formed a specialized research council to facilitate the use of science to curtail theft and violence. As part of this effort, A specialized University of Florida research team has been formed to interviews offenders, analyzes large datasets, and conducts field experiments to adapt and devise new crime control methods and technologies.  

  • Hooters debuts

  • Online Shoppers To Brick-and-Mortar Stores: Time for a Facelift

    By Steve Jones   What’s going to keep people coming back to physical store locations, as comfort levels with e-commerce rise every year? Savvy retailers are fighting technology with technology, refreshing the look and feel of their stores by integrating more gadgets, and using data in a more integrated way to inform strategy.  In-store tech helps retailers beat e-tailers at their own game  

  • Specialty retailer Sabon boosts digital holiday sales with Dynamic Yield personalization

    New York – Omnichannel specialty bath and beauty product brand Sabon boosted its online sales 35% during Black Friday and Cyber Monday by implementing Dynamic Yield’s personalization engine. Sabon saw lifts across key metrics including user engagement, total page views, time spent on site and sales.  

  • Facebook improves search with mobile emphasis

    Menlo Park, Calif. – Facebook is improving its Facebook Search feature with emphasis on personalized results and mobile functionality. The social network has updated its internal search feature to provide uniquely targeted results designed to make it easy for users to find posts that have been shared with them.  

  • IBM, Apple introduce MobileFirst retail apps

    Armonk, N.Y. – IBM and Apple are releasing the first wave of their previously announced IBM MobileFirst for iOS solutions in a new class of made-for-business apps and supporting cloud services.   IBM MobileFirst for iOS solutions are now available to enterprise customers in retail, among other industries.

  • New pricing model enables Amazon customers to negotiate prices in select categories

    SEATTLE - Amazon.com  has added a new feature, called ‘Make an Offer,’ that allows customers to negotiate lower prices on thousands of items. The new pricing feature allows customers to offer to buy items at even lower prices. If agreed upon, customers can then purchase the items at a savings from the listed price.   
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