Artificial Intelligence

Free flowing venture capital dollars in the digital age have made business incubators and accelerators commonplace, but until now the retail and consumer packaged goods industry didn’t have one it could call its own.

Spokane, Wash. – Automated water management solutions vendor Apana is trying to make saving water a little easier. Apana is generally releasing its cloud-based solution for commercial and industrial companies to save water and money.

Boasting a proprietary dynamic pricing algorithm, the new online shopping club Jet.com officially launched on July 21 with plans to reach a lofty sales milestone faster than other retailer.

Hoboken, N.J. – A new rival to Amazon.com has officially taken flight. Jet.com, a membership-based e-commerce platform that promises to beat Amazon Prime prices using “profit-free pricing,” launched as of July 21.

Jet says it sells millions of items, in sizes ranging from small to bulk. The site is specifically designed to compete with the Amazon Prime paid loyalty service, charging $49.99 for an annual membership fee (although it is currently offering an introductory free three-month trial).

Hangzhou, China - Alibaba Group is providing the Chinese arm of a major global CPG company direct access to the Chinese consumer market. Alibaba and Unilever China are launching a comprehensive strategic partnership focused on areas including rural China penetration, cross-border e-commerce, Big Data-driven advertising, and supply chain optimization.

This agreement builds on a partnership that started five years ago with a single Tmall store. Through this strategic partnership, Alibaba Group and Unilever China will work together to:

Redwood Shores, Calif. – Oracle is focusing squarely on retail agility with the latest additions to its comprehensive set of retail cloud solutions. The new Oracle Retail Science Cloud Services and Oracle Retail Insights Cloud Services offer cloud-based access to Big Data analysis and expertise, scaled for retailers of all sizes.

Irving, Texas - Tango, a provider of store lifecycle management solutions and services, has received an investment of $30 million from Frontier Capital, a growth equity firm. The investment in the company’s software-as-a-service, consulting and managed services businesses will support Tango’s growth and demand for their store lifecycle management solution in the North American retail market.

New York — Coming soon to a mall near you…robots?

Mike Kercheval, president and CEO of the International Council of Shopping Centers, is making the case for the use of robots in shopping malls. In an op-ed commentary on CNBC.com,  Kercheval says the robot's potential on the front lines of retail is limitless—and soon, he adds, “it will be difficult to imagine a visit to the local mall without them.”

Here are three reasons Kercheval says we need robots in malls: