Technology

4 Ways AI is Transforming E-Commerce Businesses
February 28, 2019 at 12:04 pm

E-commerce has opened up the doors for all kinds of business ideas and entrepreneurial pursuits. It provides companies with virtually endless opportunities to reach customers, both domestically and internationally. The online retail market has continued to grow year-over-year, and is increasing in popularity worldwide. Artificial intelligence (AI) technology is also growing and becoming more common…

Where Are the Retail Industry’s Software Security Strengths and Weaknesses?
February 28, 2019 at 11:20 am

The retail industry’s reputation for providing software security has taken some hits over the years. The top 15 data breaches of the current century include Target in 2013, with account information on an estimated 110 million customers compromised; TJX in 2006, with 94 million credit cards exposed; and Home Depot in September 2014, with about…

Build.com Stops Online Journey Hijacking, Sees Sales Increase
February 26, 2019 at 1:14 pm

The appearance of unauthorized ads injected into consumer browsers that redirect website visitors to competitor products and promotions — i.e., online journey hijacking — has been an issue for many online retailers’ businesses, Build.com being no exception. The online seller of home goods was finding that 20 percent of its traffic was being exposed to an…

Price Optimization Helps Consumer Electronics Retailer Raise Revenue by 16%
February 25, 2019 at 12:51 pm

In any difficult situation, cut the price. That’s the basic rule omnichannel consumer electronics retailers use when setting prices. And copy the moves of your competitors. That’s rule No. 2. If a retailer suddenly changes the price for a particular product for a specific reason — e.g., lowering the price to liquidate excess inventory —…

Levi's Hires Chief Artificial Intelligence Officer
February 22, 2019 at 11:25 am

Levi’s has hired its first artificial intelligence (AI) officer. Katia Walsh, who was most recently Vodafone’s chief data and analytics officer, will begin her tenure at Levi’s on April 29. According to a company statement, Walsh will focus on building “data, analytics and artificial intelligence enablers” that will strengthen the company’s present and future business…

Upsell Beyond the Obvious 
February 21, 2019 at 1:18 pm

Retailers can utilize predictive machine learning technology to increase up and cross-sell opportunities beyond the obvious.