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DESCRIPTION: In the informationage, data can be used to gain a deeper understanding of just about any metric you could dream up, and businesses in all sectors are becoming wise to the benefits of investing in data technologies. Tweet me: In the informationage, #datadriven companies are poised for success.
Because we are armed with greater comfort in using digital tools to shop and buy, physical stores need to embrace a digital-first strategy to elevate their in-store retail experiences. Let’s take a look at five notable trends in digital technology that are sure to further transform retail and hospitality for the better.
Advances in machine learning and artificial intelligence (AI), such as Google’s DeepMind and IBM’s Watson, coupled with networked intelligent machines and sensors will create a giant leap forward thanks to exponential advances in computing power, digital storage and bandwidth. 3 Big Data and the Use of High-Speed Data Analytics.
Advances in Machine Learning and AI, such as IBM’s Watson, coupled with networked intelligent sensors, will create a giant leap forward thanks to exponential advances in computing power, digital storage, and bandwidth. Big Data and the use of High Speed Data Analytics. Blockchains.
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