How Retail Data Analytics Can Combat the Impact of Coronavirus Outbreak on the Retail Industry

businesswire.com | April 17, 2020

How Retail Data Analytics Can Combat the Impact of Coronavirus Outbreak on the Retail Industry
A global data analytics and advisory firm, that delivers actionable analytics solutions to resolve complex business problems has announced the completion of its recent article that examines the role of retail data analytics in combating the impact of novel coronavirus outbreak on the retail industry.technological advancements, growing customer expectations, and a rise in competitive forces. However, the growing data volumes have made it difficult for retailers to analyze and manage data, forcing them to make tough decisions that can make or break their success. To effectively address such issues, retail industry players must realize the true potential of analytics in retail and apply it in core areas to drive profitability through data-driven insights.Our retail data analytics experts can help you leverage advanced analytical solutions to enhance your business efficiency and outcomes. Speak to our analytics experts to get started.According to Quantzig’s retail data analytics experts, “The growing complexities around retail data management have made it crucial for the retail industry players to leverage retail data analytics to drive business outcomes and sustain a leading edge in the market.

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DATA ARCHITECTURE

Databricks Launches Data Lakehouse for Retail and Consumer Goods Customers

Databricks | January 14, 2022

Databricks, the Data and AI company and pioneer of the data lakehouse architecture, today announced the Databricks Lakehouse for Retail, the company's first industry-specific data lakehouse for retailers and consumer goods (CG) customers. With Databricks' Lakehouse for Retail, data teams are enabled with a centralized data and AI platform that is tailored to help solve the most critical data challenges that retailers, partners, and their suppliers are facing. Early adopters of Databricks' Lakehouse for Retail include industry-leading customers and partners like Walgreens, Columbia, H&M Group, Reckitt, Restaurant Brands International, 84.51°(a subsidiary of Kroger Co.), Co-Op Food, Gousto, Acosta and more. "As the retail and healthcare industries continue to undergo transformative change, Walgreens has embraced a modern, collaborative data platform that provides a competitive edge to the business and, most importantly, equips our pharmacists and technicians with timely, accurate patient insights for better healthcare outcomes," said Luigi Guadagno, Vice President, Pharmacy and HealthCare Platform Technology at Walgreens. "With hundreds of millions of prescriptions processed by Walgreens each year, Databricks' Lakehouse for Retail allows us to unify all of this data and store it in one place for a full range of analytics and ML workloads. By eliminating complex and costly legacy data silos, we've enabled cross-domain collaboration with an intelligent, unified data platform that gives us the flexibility to adapt, scale and better serve our customers and patients." "Databricks has always innovated on behalf of our customers and the vision of lakehouse helps solve many of the challenges retail organizations have told us they're facing," said Ali Ghodsi, CEO and Co-Founder at Databricks. "This is an important milestone on our journey to help organizations operate in real-time, deliver more accurate analysis, and leverage all of their customer data to uncover valuable insights. Lakehouse for Retail will empower data-driven collaboration and sharing across businesses and partners in the retail industry." Databricks' Lakehouse for Retail delivers an open, flexible data platform, data collaboration and sharing, and a collection of powerful tools and partners for the retail and consumer goods industries. Designed to jumpstart the analytics process, new Lakehouse for Retail Solution Accelerators offer a blueprint of data analytics and machine learning use cases and best practices to save weeks or months of development time for an organization's data engineers and data scientists. Popular solution accelerators for Databricks' Lakehouse for Retail customers include: Real-time Streaming Data Ingestion: Power real-time decisions critical to winning in omnichannel retail with point-of-sale, mobile application, inventory and fulfillment data. Demand forecasting and time-series forecasting: Generate more accurate forecasts in less time with fine-grained demand forecasting to better predict demand for all items and stores. ML-powered recommendation engines: Specific recommendations models for every stage of the buyer journey - including neural network, collaborative filtering, content-based recommendations and more - enable retailers to create a more personalized customer experience. Customer Lifetime Value: Examine customer attrition, better predict behaviors of churn, and segment consumers by lifetime and value with a collection of customer analytics accelerators to help improve decisions on product development and personalized promotions. Additionally, industry-leading Databricks partners like Deloitte and Tredence are driving lakehouse vision and value by delivering pre-built analytics solutions on the lakehouse platform that address real-time customer use cases. Tailor-made for the retail industry, featured partner solutions and platforms include: Deloitte's Trellis solution accelerator for the retail industry is one of many examples of how Deloitte and client partners are adopting the Databricks Lakehouse architecture construct and platform to deliver end-to-end data and AI/ML capabilities in a simple, holistic, and cost-effective way. Trellis provides capabilities that solve retail clients' complex challenges around forecasting, replenishment, procurement, pricing, and promotion services. Deloitte has leveraged their deep industry and client expertise to build an integrated, secured, and multi-cloud ready "as-a-service" solution accelerator on top of Databricks' Lakehouse platform that can be rapidly customized as appropriate based on client's unique needs. Trellis has proven to be a game-changer for our joint clients as it allows them to focus on the critical shifts occurring both on the demand and supply side with the ability to assess recommendations, associated impact, and insights in real-time that result in significant improvement to both topline and bottom line numbers. Tredence will meet the explosive enterprise Data, AI & ML demand and deliver real-time transformative industry value for their business by delivering solutions for Lakehouse for Retail. The partnership first launched the On-Shelf Availability Solution (OSA) accelerator in August 2021, combining Databricks' data processing capability and Tredence's AI/ML expertise to enable Retail, CPG & Manufacturers to solve their trillion dollar out-of-stock challenge. Now with Lakehouse for Retail, Tredence and Databricks will jointly expand the portfolio of industry solutions to address other customer challenges and drive global scale together. About Databricks Databricks is the data and AI company. More than 5,000 organizations worldwide — including Comcast, Condé Nast, H&M, and over 40% of the Fortune 500 — rely on the Databricks Lakehouse Platform to unify their data, analytics and AI. Databricks is headquartered in San Francisco, with offices around the globe. Founded by the original creators of Apache Spark™, Delta Lake and MLflow, Databricks is on a mission to help data teams solve the world's toughest problems.

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ENTERPRISE BUSINESS INTELLIGENCE

Tech Mahindra and Subex Partner to Drive Scale Adoption of Blockchain-based Solutions for Telecom Operators Globally

subex | November 05, 2020

Tech Mahindra, a leading provider of digital transformation, consulting, and business re-engineering services and solutions, and Subex, an industry leader in providing services based on Digital Trust, have announced strategic partnership to roll-out blockchain based solutions for telecom operators globally. These solutions will enable fraud mitigation and drive operational efficiencies for communication service providers (CSP) by reducing compliance complexities and faster time-to-market. The partnership will enable real-time reconciliation reports with summarized data to minimise discrepancies, leading to reduction of multiple validations and quick dispute resolution through tamper-proof verifiable transactions. Further this collaboration will expedite settlement for communication service poviders (CSPs) and drive enhanced visibility in the end-of-the-month billing cycle. The CSPs will benefit from enhancedoperational efficiencies by leveraging blockchain based smart contracts and forge more impactful alliances to drive trust amongst diverse stakeholders. Rajesh Dhuddu, Blockchain and Cybersecurity Practice Leader, Tech Mahindra, said, “Being a service provider of choice for global telecom operators, Tech Mahindra will help reduce overheads and enhance business profitability. As part of TechMNxt Charther, Tech Mahindra aims to offer a cutting-edge solution built on Blockchain and smart contracts that optimizes spends and proactively mitigates disputes. In the collaboration with Subex, adding blockchain as the middleware will add the necessary layer of security and ensure faster and efficient operational process. ” Tech Mahindra will roll-out solutions for telecom operatorsbacked byits provencapabilities in operations support systems (OSS) and business support systems (BSS) domain. The solutions will be integrated with Subex’s blockchain network and the capabilities of an enterprise-grade DLT (Distributed Ledger Technology) network. Further, Tech Mahindra plans to extend the existing intercarrier settlement implementation in phase-II to include roaming agreements through smart contracts and thereby lead to reduced cost of operations, faster turnaround times and minimize disputes. Rohit Maheshwari, Head – Strategy & Products, Subex, said, “It is indeed a great pleasure for Subex to be joining hands with Tech Mahindra, towards making Blockchain a business reality within the telecom world. With Subex’s strategy of enabling businesses to build trust within the digital ecosystem, we believe that Blockchain-based technologies will play an important piece to that puzzle. Towards this, we have made significant strides towards leveraging Blockchain in solving challenges across multiple use cases. Considering Tech Mahindra’s visionary stance towards Blockchain, and their renowned leadership towards driving digital transformation projects built upon the technology, we believe that this partnership will go a long way towards increasing the adoption of Blockchain within the telecom industry.” As part of the TechMNxt charter, Tech Mahindra has a deep focus on leveraging cutting-edge technologies deliver enhanced experience to our customers and is currently engaged with multiple service providers globally on their network transformation journey. About Subex Subex is a pioneer in enabling Digital Trust for businesses across the globe. Founded in 1994, Subex has spent over 25 years in helping global Communications Service Providers maximize their revenues and profitability. Focusing on privacy, security, risk mitigation, predictability, and confidence in data, Subex helps businesses embrace the disruptive changes in the business landscape and succeed with Digital Trust. Subex leverages its award-winning product portfolio in areas such as Revenue Assurance, Fraud Management, Network Analytics, and Partner Management, and complements them through its digital solutions such as IoT Security and Insights. Subex also offers scalable Managed Services and Business Consulting services. Subex has more than 300 installations across 90+ countries.

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BIG DATA MANAGEMENT

GoodData Adds Advanced Analytics to the Freshworks Marketplace

GoodData | January 06, 2022

GoodData, the leader in data and analytics infrastructure, today announced its new app on the Freshworks Marketplace to provide a powerful and scalable solution designed to accelerate the use and application of analytics for Freshworks customers. The Freshworks Marketplace hosts apps built by the Freshworks developer community. These apps make use of Freshworks products and partner solutions to create delightful experiences for businesses. The marketplace enables partners to reach Freshworks customers and serve them jointly. Freshworks Inc., (NASDAQ: FRSH) is a leading software company empowering businesses to delight its customers and employees. With the demand for cloud-native solutions and easy-to-use analytics on the rise, large companies with enterprise-grade data need vendors to provide analytics within their existing architecture. With the integration of GoodData’s analytics tool into its marketplace, Freshworks now provides enterprises with more options to unlock rich insights from within their data. Additionally, Freshworks can tap into GoodData's extensive experience powering analytics innovation in the Customer Experience Management (CX) space. The integration between GoodData and Freshworks will help provide valuable analytics for customer support teams to better understand the strong and weak points of their customer facing team and help to better customer experiences. “For data leaders to meet the challenges of today’s hyper-competitive market, they have to reinvent the way they think about and utilize data at every layer of their organization. Freshworks recognized the need for its marketplace to offer an analytics platform that tells a customer-centric, accessible story with data, and our solutions make it possible for Freshworks to implement immediately and scale​​. This app will make it easy for enterprises to understand and benefit from modern analytics, and it’s just the beginning of a fruitful partnership between our two cloud-first companies. We are excited to collaborate with Freshworks.” GoodData founding CEO Roman Stanek Freshworks helps some of the largest, industry-leading companies in the world — ranging from healthcare to financial services, and more — realize value from their software. Already providing customers with low-code development and ​​custom apps within their marketplace to extend their product capabilities at scale, Freshworks now partners with GoodData to provide customers with more options to unlock their inherent value of data as a strategic asset. “Analytics is a key part of improving user experience for any technology. As we continue to grow, we need an ISV partner who not only understands our business model but also one that could purpose-build apps for the modern business software users,” said Hérve Danzelaud, VP of Global Partnerships at Freshworks. “GoodData’s state-of-the-art analytics stack is the perfect tool to quickly bring nearly real-time analytics into our current offerings and helps enterprises to access vital insights in this new age of data.” The marketplace app is the first step in an ongoing partnership between GoodData and Freshworks, and the companies will continue to work together to provide actionable and easy to use analytics to Freshworks customers. The partnership will expand Freshworks’ offering with advanced analytics and business insights. About GoodData GoodData is on a mission to break data silos. Real-time, open, secure, and scalable, GoodData’s leading composable data and analytics platform provides a single source of truth across organizations and to their customers. To this day, GoodData has helped more than 140,000 of the world’s top businesses deliver on their analytics goals and scale their use cases — from self-service and embeddable analytics, to machine learning and IoT.

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BIG DATA MANAGEMENT

GZ6G Technologies Announces Development of Innovative Artificial Intelligence Analytics platform VenuTrax for launch by Green Zebra Smart Labs

GZ6G Technologies | February 23, 2021

GZ6G Technologies Corp. (OTCMarkets:GZIC), the complete enterprise smart solutions provider for large venues and cities, is implementing its phase two development of proprietary smart solutions product offering, “VenuTrax”; a state-of-the-art logic management solution cloud (SaaS) platform intended to provide venues the ability to directly communicate with customers using 5G & Wi-Fi 6, as well as offer data analytics and artificial intelligence. VenuTrax, developed by our Green Zebra Smart Labs division, will also reimagine enterprise venue location data, wireless visual engagement, and user experience. VenuTrax has a targeted release date of Fall 2021 for both NFL and NCAA venue location opportunities. “This is an exciting time for GZ6G Technologies and our recently formed Green Zebra Smart Labs division. VenuTrax has been developed to revolutionize how cities and venues operate, providing access to in venue data in real-time, allowing venues to use that relevant data in order to create visual simulations and data forecasting with past, present & future growth capabilities beyond today’s wireless connectivity,” said Coleman Smith, President and CEO of GZ6G Technologies Corp. “Having access to these venue data elements increases predictable outcomes and is expected to dramatically assist venues to manage user experiences, relevant announcements and monetization expectations while saving time and staying on budget.” VenuTrax Cloud capabilities include: • Location visual simulation • Location monetization simulation • Real-time visual user engagement • Historical venue data & impressions • Historical venue AI trends and search capabilities VenuTrax has been designed to solve venue and city pain points by utilizing existing location data and reimagining the user experience from on-boarding, real time monitoring, and initial insight creation to AI-driven deep exploration, and sharing, allowing venues to take focused action based on real time data vs. venue simulation comparisons. With VenuTrax, users will be able to go beyond creating new insights by using data simulations and exploring existing data within their organization, including data created by third-party software and devices. VenuTrax leverages the underlying Venue Location graph to customize and rank results and outcomes for the particular venue users, engagement patterns, and keyword relevance. About GZ6G Technologies: GZ6G Technologies is the complete enterprise smart solutions provider for large venues and cities. Focused on enterprise advisory services and acquiring smart city solutions, developing innovative products, and overseeing smart cities and smart venues, GZ6G Technologies also assists in modernizing clients with innovative wireless IoT technology for the emerging 5G and Wi-Fi 6 marketplaces. Target markets include stadiums, airports, universities, and smart city projects.

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This white paper explores the challenges associated with protecting Big Data environments, and also demonstrates how Dataguise’s innovative Data Privacy Protection and Risk Assessment Analytics software can allow enterprises to better leverage data on the Hadoop framework.

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