Retailers in the U.S. provide 42 million jobs and add more than $2.6 trillion to the GDP each year. Nearly 99 percent are small businesses with fewer than 50 employees, and about 95 percent are single-location stores. Until recently, few had access to sophisticated retail analytics. Yet national mega-retailers have spent millions to build out big data analytics using and other … [Read more...] about How Cloud Analytics Levels the Playing Field for Small Retailers
Big Data
The Power of Third-Party Data
The first thing to sort out when considering a data strategy is what types of data you have, what types you need, and how you can use both. The two main segments of data are first-party and third-party. First-party is the foundation of your marketing strategy. This is the internal data that is collected about your customers from customer-facing systems, such as websites, email, … [Read more...] about The Power of Third-Party Data
IT and OT, Friends or Foes in the Industrial Internet of Things?
In the past, Information Technology (IT) and Operational Technology (OT) were seen as two distinct domains of a business. The former focused on all technologies that were necessary to manage the processing of information, whereas the latter supported the devices, sensors and software that were necessary for physical value creation and manufacturing processes. One of the factors … [Read more...] about IT and OT, Friends or Foes in the Industrial Internet of Things?
Industrial IoT, Big Data & M2M Summit Canada
In an increasingly globalized world the Canadian industrial sector is losing ground to cheaper, more technology driven regions. (However we can enhance our competitiveness) But we can become competitive by developing and adopting newer technologies and tools, thus innovating our way to the front. The global Internet of Things market will grow to $1.7 trillion in 2020 from … [Read more...] about Industrial IoT, Big Data & M2M Summit Canada
IoT, Big Data and Health Care Summit Canada
Sensors, mobile devices and related technologies are presenting new opportunities and risks for business. Collectively known as the Internet of Things (IoT), this broad terms covers all non-computer and non-phone Internet connected devices. Healthcare environments produce tremendous amount of information because of their process, engagement of multiple players and high … [Read more...] about IoT, Big Data and Health Care Summit Canada