E-commerce is great for a lot of things — snagging sales, stocking up on staples, buying stupid stuff we really do not need. But people’s voracious appetite for online shopping does appear to have its limits, specifically when it comes to luxury.
The expectation has long been that e-commerce would revolutionize luxury, just as it has so much of retail. It killed many malls and bookstores; it made Walmart go digital; it transformed shipment and logistics operations across the globe. So why wouldn’t it disrupt such an expensive, lucrative space?
It turns out we still like to buy the nicest, most expensive items in real life, in large part because we want a luxury experience when we spend the big bucks. We like to feel fancy when we shop fancy, and dropping stuff into a virtual cart on a random website in between meetings is far from most people’s definition of fancy.
A recent survey from Morning Consult, a business intelligence company, explored how consumers look at luxury. It found that people generally have a strong preference for a brick-and-mortar experience when buying luxury items. Of those surveyed, 49% said they would consider buying luxury clothing or shoes from a brick-and-mortar store and 48% said the same of jewelry and watches. Thirty-nine percent said they would consider buying handbags and 40% said they would consider buying cosmetics and fragrances in a store. In every category, under 20% of consumers said they would consider making those purchases online. Gen Z was slightly more open to e-commerce and less interested in the brick-and-mortar experience, but not always by a meaningful margin. Less than 10% of all consumers said they’d buy luxury products through social media, though that number got up to the high teens for Gen Z.
Consumers also said customer service was the second-most-important attribute in defining luxury shopping, right behind the quality of the product. In other words, they don’t just want to buy something special — they want to be treated special while they do it.
“The No. 1 reason people like to shop in stores is because they want that experience of browsing and touching things and playing with things,” Claire Tassin, a retail and e-commerce analyst at Morning Consult, said. “Customer service, especially in a luxury environment, is such a big part of how you justify the additional expense.”
Online luxury sales picked up during the pandemic but have since come back down to earth. Some important names in the fashion e-commerce space, such as Matches Fashion and Farfetch, have cratered. The German-based platform Mytheresa is doing OK — its net sales grew by 18% in the quarter ending in March — but its stock is still down by more than 80% from its IPO price in January 2021. The private companies Moda Operandi and Ssense seem to be selling merchandise and retaining customers, experts say, but the sites have a niche appeal, so that’s hardly made a dent. The overarching theme is that many consumers haven’t warmed up to shopping luxury — namely, ultra-luxe items and brands — online.
We try to treat luxury with the same e-commerce experience we use for paper towels, and that just doesn’t work.
Jason Goldberg, the chief commerce strategy officer at Publicis Groupe, a global marketing firm, said the jury is still out on whether e-commerce will ever take over luxury retail, but for now, there aren’t great examples of “runaway successes” in the space. There’s no single answer as to why. One reasonable hypothesis could be that people simply prefer to get high-consideration and high-priced items in store, he said. What they get out of a luxury in-store experience hasn’t been translated online.
“We try to treat luxury with the same e-commerce experience we use for paper towels, and that just doesn’t work,” Goldberg said. “In general, online, we have gotten very, very good at needs-fulfillment buying, but we are sucky at discovery. Nobody goes to Amazon because they go, ‘I’m just in the mood to treat myself.’”
When unplanned purchases happen online, they tend to happen through social discovery. You see something on Instagram or TikTok and then you buy it. Those types of impulse purchases are fine to make with a few clicks, but when people spend the big bucks, they want to feel a little pampered.
“It is fair to say that going to a luxury store is part of the pleasure of buying a luxury product,” said Luca Solca, a senior analyst covering global luxury goods at Bernstein. “Buying online is convenient and fast. But buying in store is a pleasure.”
An analysis from Bain & Company found that the share of luxury goods sold online fell to 20% in 2023, after hitting 22% in 2020 and 2021. Solca believes 20% is on the high side and said that on average, the percentage of online sales in the luxury market hovers around the mid-teens, and sometimes even lower, noting that Burberry recently told him they were at 9%.
For the most part, luxury brands prefer that customers would rather shop in-store. Sure, they all have some kind of online presence — it is 2024 after all — but not all of their products are always available online, and the internet is far from the primary area of focus. For the most high-end products, there can even be waiting lists. The general aversion to e-commerce makes sense: One way to convince people you’re selling a luxury item, and price it accordingly, is to make it scarce and elusive, on top of providing the in-store luxury experience. It helps companies create and keep an aura around their brands.
“Luxury brands historically have actually stayed away from being very strong in the online channel, largely to do with the fact that they didn’t want to be a cheap marketplace,” said Nora Kleinewillinghoefer, a partner in the consumer and retail practice at Kearney, a strategy and management-consulting firm. “For them, it’s about the storytelling.”
Business Intelligence for E-commerce KeyPoint For Your Business
That dopamine rush you get from buying something fun and fancy and special is meaningful, even if it doesn’t last.
There are some exceptions here. The online diamond dealer Blue Nile is a giant in the engagement-ring space, and consumers are increasingly comfortable with buying their cars online. High-end beauty products can do well in e-commerce — once you know what shade of foundation or eye shadow you like, you don’t need to keep going into the store. The online marketplace The RealReal sells a fair amount of secondhand designer and luxury merchandise, though it has long struggled with profitability. But outside these niche exceptions, high-end, luxury e-commerce isn’t really a big thing yet. There’s no super-prosperous Amazon for Gucci and Prada out there.
So much of the fun of buying a luxury item is sensory — seeing the packaging, experiencing the store, chatting with associates whose attention is focused on you. It’s a personal, rarefied experience.
“That dopamine rush you get from buying something fun and fancy and special is meaningful, even if it doesn’t last,” Tassin said.
It’s tough to translate to e-commerce. Clicking around a website to buy something and a week later grabbing a box on your doorstep next to your monthly delivery of cat litter does not provide the same rush.
While brands want to sell to consumers however they can, including online, brick-and-mortar matters for their cultural and economic cache. When people have a premium experience in a Chanel or a Louis Vuitton store, it reinforces the brand’s premium image. It’s part of their top-funnel brand building. And, hey, it helps if you snap a picture in the store and post it online, whether or not any purchase ever happens there.
“They’re not just having a premium experience to trick you into buying a handbag. They’re having a premium experience to make sure that you continue to associate Louis Vuitton with this extreme luxury premium that makes you feel better about spending that money on their goods now and in the future,” Goldberg said. “Part of the luxury experience is less about conversion and more about long-term brand equity.”
Ultra-luxe brands don’t want their products to be ubiquitous in the way the internet can deliver. Companies know their high-end clients want one-of-a-kind items and personalized recommendations. These customers expect a salesperson to shoot them a text or give them a call to let them know a new shoe came in that they’ll love, and they’ve only got one pair available in their size.
“Unless you have those relationships and connections with your reps, you actually will not get access to these products,” Kleinewillinghoefer said. “It’s that personalized touch that makes it truly unique.”
With their highest-net-worth clients, the in-person buying experience often doesn’t feel transactional, she added — people’s cards are kept on file, so no one has to think of the whole business relationship thing. And even with more aspirational consumers — people who’d be more likely to do some poking around online — brands are careful to craft their images. Companies want people to come in and feel like they’re living the dream and making what they see as an investment in a high-end piece. Companies don’t want to “water down” their value proposition by serving too many products to those consumers, which is what the open nature of the internet risks.
“The level of luxury and the type of consumer are critical factors that intersect to define a brand’s approach to its consumers, shaping both engagement strategies and the practices to avoid,” Kleinewillinghoefer said.
While it might not feel like it, e-commerce is still in its early days. Amazon has only been around for 30 years and the iPhone for 17 years. Retailers have figured out how to make a digital version of a Target, but they haven’t yet cracked the code for a digital Prada. It doesn’t mean they never will. And, hey, if you want to buy your next designer watch online, go for it! But let’s be honest here … you probably don’t. Part of the whole schtick is going to the store and feeling fancy about it.
Emily Stewart is a senior correspondent at Business Insider, writing about business and the economy.
SELF – NEXT BASKET’s innovative business model with artificial intelligence
What is NEXT BASKET?
This is a software platform that allows quick and easy creation of online stores for the sale of goods
Ecommerce Business Intelligence vs Ecommerce Analytics
NEXT BASKET partners have the opportunity to independently manage their online store through the innovative SELF solution.
What is SELF?
SELF is a business relationship model that allows users of the platform to rent the software for a monthly subscription and gain full control over their online store.
The monthly subscription includes various MINI, MIDI, and MAX price plans, which differ in the number of included free services provided by NEXT BASKET’s expert team.
An Insight into Business Intelligence in eCommerce
Thus, merchants can make choices tailored to their specific needs while keeping their costs manageable and predictable.
In addition, NEXT BASKET offers a selection of 125+ expert services for online business development
The NEXT BASKET platform is the embodiment of the idea of creating a successful and profitable business in a digital environment.
To help its business partners succeed in the dynamic online market, the Platform team provides expert consultation and a full range of services in the field of e-trading, including:
Ecommerce Business Intelligence vs Ecommerce Analytics
digital marketing call center development of a commercial and marketing strategy SEO services for search engine optimization management of promotions and thematic campaigns;
NEXT BASKET is the first platform to offer built-in artificial intelligence at no additional cost.
End customers shopping from the e-store can use a smart search engine as well as a smart chatbot, that answers all questions like a human.
They provide the unique opportunity for customers to receive answers to questions such as: “Where is my order”, “When will I receive the shipment”, “What quantity of this product do I have in stock”, etc. related to delivery, courier services, and warehouse.
Security and speed
Every online store built by NEXT BASKET comes with a full security guarantee for the data and the transactions carried out. This is achieved with the help of ultramodern software solutions and 24/7 technical support for fixing bugs and malfunctions.
The software platform is tested and certified for transaction security and hacker protection monthly
And every online store loads in less than 1 second, which Google likes and it ranks the site in the top positions when searching for products by customers.
Online store creation in 72 hours
Based on a fully functional software and ready-to-customize design themes, the ecommerce platform makes it possible to create an e-store within 72 hours. The merchant is only required to have ready-made photos and descriptions of the products they will offer for sale.
To ease the process of creating a working online store, as well as to facilitate its business partners, the NEXT BASKET team has made sure that each of them has a personal consultant. Their role is to be available for questions and to provide individual assistance and strategic guidance tailored to the customer’s specific requirements.
Combining innovative technologies, expert services and comprehensive strategic support, NEXT BASKET is charting the future of e-trading.
NEXT BASKET – success is a good idea!
ADVT.
This article is brought to you by Next Basket.
True luxury is IRL
E-commerce is great for a lot of things — snagging sales, stocking up on staples, buying stupid stuff we really do not need. But people’s voracious appetite for online shopping does appear to have its limits, specifically when it comes to luxury.
The expectation has long been that e-commerce would revolutionize luxury, just as it has so much of retail. It killed many malls and bookstores; it made Walmart go digital; it transformed shipment and logistics operations across the globe. So why wouldn’t it disrupt such an expensive, lucrative space?
It turns out we still like to buy the nicest, most expensive items in real life, in large part because we want a luxury experience when we spend the big bucks. We like to feel fancy when we shop fancy, and dropping stuff into a virtual cart on a random website in between meetings is far from most people’s definition of fancy.
A recent survey from Morning Consult, a business intelligence company, explored how consumers look at luxury. It found that people generally have a strong preference for a brick-and-mortar experience when buying luxury items. Of those surveyed, 49% said they would consider buying luxury clothing or shoes from a brick-and-mortar store and 48% said the same of jewelry and watches. Thirty-nine percent said they would consider buying handbags and 40% said they would consider buying cosmetics and fragrances in a store. In every category, under 20% of consumers said they would consider making those purchases online. Gen Z was slightly more open to e-commerce and less interested in the brick-and-mortar experience, but not always by a meaningful margin. Less than 10% of all consumers said they’d buy luxury products through social media, though that number got up to the high teens for Gen Z.
Consumers also said customer service was the second-most-important attribute in defining luxury shopping, right behind the quality of the product. In other words, they don’t just want to buy something special — they want to be treated special while they do it.
“The No. 1 reason people like to shop in stores is because they want that experience of browsing and touching things and playing with things,” Claire Tassin, a retail and e-commerce analyst at Morning Consult, said. “Customer service, especially in a luxury environment, is such a big part of how you justify the additional expense.”
Online luxury sales picked up during the pandemic but have since come back down to earth. Some important names in the fashion e-commerce space, such as Matches Fashion and Farfetch, have cratered. The German-based platform Mytheresa is doing OK — its net sales grew by 18% in the quarter ending in March — but its stock is still down by more than 80% from its IPO price in January 2021. The private companies Moda Operandi and Ssense seem to be selling merchandise and retaining customers, experts say, but the sites have a niche appeal, so that’s hardly made a dent. The overarching theme is that many consumers haven’t warmed up to shopping luxury — namely, ultra-luxe items and brands — online.
We try to treat luxury with the same e-commerce experience we use for paper towels, and that just doesn’t work.
Jason Goldberg, the chief commerce strategy officer at Publicis Groupe, a global marketing firm, said the jury is still out on whether e-commerce will ever take over luxury retail, but for now, there aren’t great examples of “runaway successes” in the space. There’s no single answer as to why. One reasonable hypothesis could be that people simply prefer to get high-consideration and high-priced items in store, he said. What they get out of a luxury in-store experience hasn’t been translated online.
“We try to treat luxury with the same e-commerce experience we use for paper towels, and that just doesn’t work,” Goldberg said. “In general, online, we have gotten very, very good at needs-fulfillment buying, but we are sucky at discovery. Nobody goes to Amazon because they go, ‘I’m just in the mood to treat myself.’”
When unplanned purchases happen online, they tend to happen through social discovery. You see something on Instagram or TikTok and then you buy it. Those types of impulse purchases are fine to make with a few clicks, but when people spend the big bucks, they want to feel a little pampered.
“It is fair to say that going to a luxury store is part of the pleasure of buying a luxury product,” said Luca Solca, a senior analyst covering global luxury goods at Bernstein. “Buying online is convenient and fast. But buying in store is a pleasure.”
An analysis from Bain & Company found that the share of luxury goods sold online fell to 20% in 2023, after hitting 22% in 2020 and 2021. Solca believes 20% is on the high side and said that on average, the percentage of online sales in the luxury market hovers around the mid-teens, and sometimes even lower, noting that Burberry recently told him they were at 9%.
For the most part, luxury brands prefer that customers would rather shop in-store. Sure, they all have some kind of online presence — it is 2024 after all — but not all of their products are always available online, and the internet is far from the primary area of focus. For the most high-end products, there can even be waiting lists. The general aversion to e-commerce makes sense: One way to convince people you’re selling a luxury item, and price it accordingly, is to make it scarce and elusive, on top of providing the in-store luxury experience. It helps companies create and keep an aura around their brands.
“Luxury brands historically have actually stayed away from being very strong in the online channel, largely to do with the fact that they didn’t want to be a cheap marketplace,” said Nora Kleinewillinghoefer, a partner in the consumer and retail practice at Kearney, a strategy and management-consulting firm. “For them, it’s about the storytelling.”
That dopamine rush you get from buying something fun and fancy and special is meaningful, even if it doesn’t last.
There are some exceptions here. The online diamond dealer Blue Nile is a giant in the engagement-ring space, and consumers are increasingly comfortable with buying their cars online. High-end beauty products can do well in e-commerce — once you know what shade of foundation or eye shadow you like, you don’t need to keep going into the store. The online marketplace The RealReal sells a fair amount of secondhand designer and luxury merchandise, though it has long struggled with profitability. But outside these niche exceptions, high-end, luxury e-commerce isn’t really a big thing yet. There’s no super-prosperous Amazon for Gucci and Prada out there.
So much of the fun of buying a luxury item is sensory — seeing the packaging, experiencing the store, chatting with associates whose attention is focused on you. It’s a personal, rarefied experience.
“That dopamine rush you get from buying something fun and fancy and special is meaningful, even if it doesn’t last,” Tassin said.
It’s tough to translate to e-commerce. Clicking around a website to buy something and a week later grabbing a box on your doorstep next to your monthly delivery of cat litter does not provide the same rush.
While brands want to sell to consumers however they can, including online, brick-and-mortar matters for their cultural and economic cache. When people have a premium experience in a Chanel or a Louis Vuitton store, it reinforces the brand’s premium image. It’s part of their top-funnel brand building. And, hey, it helps if you snap a picture in the store and post it online, whether or not any purchase ever happens there.
“They’re not just having a premium experience to trick you into buying a handbag. They’re having a premium experience to make sure that you continue to associate Louis Vuitton with this extreme luxury premium that makes you feel better about spending that money on their goods now and in the future,” Goldberg said. “Part of the luxury experience is less about conversion and more about long-term brand equity.”
Ultra-luxe brands don’t want their products to be ubiquitous in the way the internet can deliver. Companies know their high-end clients want one-of-a-kind items and personalized recommendations. These customers expect a salesperson to shoot them a text or give them a call to let them know a new shoe came in that they’ll love, and they’ve only got one pair available in their size.
“Unless you have those relationships and connections with your reps, you actually will not get access to these products,” Kleinewillinghoefer said. “It’s that personalized touch that makes it truly unique.”
With their highest-net-worth clients, the in-person buying experience often doesn’t feel transactional, she added — people’s cards are kept on file, so no one has to think of the whole business relationship thing. And even with more aspirational consumers — people who’d be more likely to do some poking around online — brands are careful to craft their images. Companies want people to come in and feel like they’re living the dream and making what they see as an investment in a high-end piece. Companies don’t want to “water down” their value proposition by serving too many products to those consumers, which is what the open nature of the internet risks.
“The level of luxury and the type of consumer are critical factors that intersect to define a brand’s approach to its consumers, shaping both engagement strategies and the practices to avoid,” Kleinewillinghoefer said.
While it might not feel like it, e-commerce is still in its early days. Amazon has only been around for 30 years and the iPhone for 17 years. Retailers have figured out how to make a digital version of a Target, but they haven’t yet cracked the code for a digital Prada. It doesn’t mean they never will. And, hey, if you want to buy your next designer watch online, go for it! But let’s be honest here … you probably don’t. Part of the whole schtick is going to the store and feeling fancy about it.
Emily Stewart is a senior correspondent at Business Insider, writing about business and the economy.
SELF – NEXT BASKET’s innovative business model with artificial intelligence
What is NEXT BASKET?
This is a software platform that allows quick and easy creation of online stores for the sale of goods
NEXT BASKET partners have the opportunity to independently manage their online store through the innovative SELF solution.
What is SELF?
SELF is a business relationship model that allows users of the platform to rent the software for a monthly subscription and gain full control over their online store.
The monthly subscription includes various MINI, MIDI, and MAX price plans, which differ in the number of included free services provided by NEXT BASKET’s expert team.
Thus, merchants can make choices tailored to their specific needs while keeping their costs manageable and predictable.
In addition, NEXT BASKET offers a selection of 125+ expert services for online business development
The NEXT BASKET platform is the embodiment of the idea of creating a successful and profitable business in a digital environment.
To help its business partners succeed in the dynamic online market, the Platform team provides expert consultation and a full range of services in the field of e-trading, including:
digital marketing call center development of a commercial and marketing strategy SEO services for search engine optimization management of promotions and thematic campaigns;
NEXT BASKET is the first platform to offer built-in artificial intelligence at no additional cost.
End customers shopping from the e-store can use a smart search engine as well as a smart chatbot, that answers all questions like a human.
They provide the unique opportunity for customers to receive answers to questions such as: “Where is my order”, “When will I receive the shipment”, “What quantity of this product do I have in stock”, etc. related to delivery, courier services, and warehouse.
Security and speed
Every online store built by NEXT BASKET comes with a full security guarantee for the data and the transactions carried out. This is achieved with the help of ultramodern software solutions and 24/7 technical support for fixing bugs and malfunctions.
The software platform is tested and certified for transaction security and hacker protection monthly
And every online store loads in less than 1 second, which Google likes and it ranks the site in the top positions when searching for products by customers.
Online store creation in 72 hours
Based on a fully functional software and ready-to-customize design themes, the ecommerce platform makes it possible to create an e-store within 72 hours. The merchant is only required to have ready-made photos and descriptions of the products they will offer for sale.
To ease the process of creating a working online store, as well as to facilitate its business partners, the NEXT BASKET team has made sure that each of them has a personal consultant. Their role is to be available for questions and to provide individual assistance and strategic guidance tailored to the customer’s specific requirements.
Combining innovative technologies, expert services and comprehensive strategic support, NEXT BASKET is charting the future of e-trading.
NEXT BASKET – success is a good idea!
ADVT.
This article is brought to you by Next Basket.
The big players in grocery ecommerce
Chloe Riley is the Executive Editor of Supermarket News, which delivers the ultimate in competitive business intelligence, news and information for executives in the food retail and grocery industry. A graduate of the School of Journalism at Columbia College Chicago, Chloe previously served as a Digital Strategist at SEO firm Profound Strategy, Associate Editor at B2B hospitality mag HOTELS Magazine, as well as CEO of her own digital strategy company, Chlowe.
What does it take to be great at grocery ecommerce? While big guns like Walmart and Target lead the way in delivery and curbside pickup, other retailers, including Albertsons, Food Lion, and H-E-B, are also performing well in certain areas of online grocery, according to a report from Ipsos. Albertsons, for instance, was named as a “Brand to Watch” in a recent Ipsos ecommerce report, which cited improvements for the retailer in both delivery and curbside pickup. Albertsons was also among the top performers in multiple areas of the report, with the most critical performance piece being customers’ indication that they would use the retailer’s service again.
In other online grocery news, Instacart unveiled a semi-surprising partnership with Uber Eats in May. “In general, the arrangement creates a new source of revenue, with high margins, for Instacart while it exposes Uber Eats in theory to a larger customer pool,” David Bishop, partner at Brick Meets Click, told Supermarket News. So what does the partnership mean for grocers? Well, it could lead more food retailers to consider working with existing restaurant delivery networks.
Uber Eats first started offering grocery delivery in July 2020, when demand for grocery ecommerce was at its height during the early days of the COVID-19 pandemic. It has continued to promote the service even though it faces strong competition, not only from companies like Instacart and Shipt, but also DoorDash, which recently said its grocery-delivery business has doubled in the past year. Food for thought.
AI Army Launches Groundbreaking Global AI in eCommerce Survey
Melbourne, Australia–(Newsfile Corp. – August 8, 2024) – AI Army, a early stage startup in innovative AI Digital Workforce Solutions, today announced the launch of its inagural Global State of Artificial Intelligence in eCommerce Survey 2024. This comprehensive study aims to revolutionize the understanding of AI’s impact on the rapidly evolving eCommerce landscape.
The survey, set to be one of the most extensive of its kind, will delve into crucial aspects of AI adoption, including current usage trends, operational impacts, and stakeholder perceptions. By gathering data from a diverse range of eCommerce businesses worldwide, AI Army seeks to provide unparalleled insights into the transformative power of AI in online retail.
“Our goal is to equip eCommerce leaders with the knowledge they need to harness AI’s full potential,” said Joshua Haines, Co-Founder at AI Army. “This survey will be an invaluable tool for businesses looking to gain a competitive edge in an increasingly AI-driven marketplace.”
Key objectives of the research include:
Benchmarking current AI adoption rates across different eCommerce segments Evaluating AI’s impact on operational efficiency and business performance Identifying barriers to AI implementation and areas for future innovation Assessing market readiness for advanced AI solutions
The survey’s findings are expected to have far-reaching implications for various stakeholders, including eCommerce businesses, AI solution providers, and investors. Results will inform strategic decision-making, guide product development, and highlight emerging opportunities in the AI-eCommerce nexus.
AI Army plans to release the survey results in a comprehensive report, providing actionable insights that will shape the future of AI in eCommerce. This initiative underscores the startup’s commitment to driving innovation and fostering growth in the digital retail space.
Those interested in participating in this groundbreaking study are encouraged to visit https://globalsurvey.aiarmy.ai/PR to complete the survey and contribute to this pivotal research.
About AI Army: AI Army is a pioneering company dedicated to creating a digital workforce platform that integrates seamlessly with eCommerce operations. Founded by industry experts with extensive experience in AI, eCommerce, Technology and Marketing, our team is passionate about innovation and excellence. We understand the unique challenges faced by eCommerce businesses and are committed to providing solutions that address these needs effectively.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/219088
SELF – NEXT BASKET’s innovative business model with artificial intelligence
What is NEXT BASKET?
This is a software platform that allows quick and easy creation of online stores for the sale of goods
NEXT BASKET partners have the opportunity to independently manage their online store through the innovative SELF solution.
What is SELF?
SELF is a business relationship model that allows users of the platform to rent the software for a monthly subscription and gain full control over their online store.
The monthly subscription includes various MINI, MIDI, and MAX price plans, which differ in the number of included free services provided by NEXT BASKET’s expert team.
Thus, merchants can make choices tailored to their specific needs while keeping their costs manageable and predictable.
In addition, NEXT BASKET offers a selection of 125+ expert services for online business development
The NEXT BASKET platform is the embodiment of the idea of creating a successful and profitable business in a digital environment.
To help its business partners succeed in the dynamic online market, the Platform team provides expert consultation and a full range of services in the field of e-trading, including:
digital marketing call center development of a commercial and marketing strategy SEO services for search engine optimization management of promotions and thematic campaigns;
NEXT BASKET is the first platform to offer built-in artificial intelligence at no additional cost.
End customers shopping from the e-store can use a smart search engine as well as a smart chatbot, that answers all questions like a human.
They provide the unique opportunity for customers to receive answers to questions such as: “Where is my order”, “When will I receive the shipment”, “What quantity of this product do I have in stock”, etc. related to delivery, courier services, and warehouse.
Security and speed
Every online store built by NEXT BASKET comes with a full security guarantee for the data and the transactions carried out. This is achieved with the help of ultramodern software solutions and 24/7 technical support for fixing bugs and malfunctions.
The software platform is tested and certified for transaction security and hacker protection monthly
And every online store loads in less than 1 second, which Google likes and it ranks the site in the top positions when searching for products by customers.
Online store creation in 72 hours
Based on a fully functional software and ready-to-customize design themes, the ecommerce platform makes it possible to create an e-store within 72 hours. The merchant is only required to have ready-made photos and descriptions of the products they will offer for sale.
To ease the process of creating a working online store, as well as to facilitate its business partners, the NEXT BASKET team has made sure that each of them has a personal consultant. Their role is to be available for questions and to provide individual assistance and strategic guidance tailored to the customer’s specific requirements.
Combining innovative technologies, expert services and comprehensive strategic support, NEXT BASKET is charting the future of e-trading.
NEXT BASKET – success is a good idea!
ADVT.
This article is brought to you by Next Basket.
The big players in grocery ecommerce
Chloe Riley is the Executive Editor of Supermarket News, which delivers the ultimate in competitive business intelligence, news and information for executives in the food retail and grocery industry. A graduate of the School of Journalism at Columbia College Chicago, Chloe previously served as a Digital Strategist at SEO firm Profound Strategy, Associate Editor at B2B hospitality mag HOTELS Magazine, as well as CEO of her own digital strategy company, Chlowe.
What does it take to be great at grocery ecommerce? While big guns like Walmart and Target lead the way in delivery and curbside pickup, other retailers, including Albertsons, Food Lion, and H-E-B, are also performing well in certain areas of online grocery, according to a report from Ipsos. Albertsons, for instance, was named as a “Brand to Watch” in a recent Ipsos ecommerce report, which cited improvements for the retailer in both delivery and curbside pickup. Albertsons was also among the top performers in multiple areas of the report, with the most critical performance piece being customers’ indication that they would use the retailer’s service again.
In other online grocery news, Instacart unveiled a semi-surprising partnership with Uber Eats in May. “In general, the arrangement creates a new source of revenue, with high margins, for Instacart while it exposes Uber Eats in theory to a larger customer pool,” David Bishop, partner at Brick Meets Click, told Supermarket News. So what does the partnership mean for grocers? Well, it could lead more food retailers to consider working with existing restaurant delivery networks.
Uber Eats first started offering grocery delivery in July 2020, when demand for grocery ecommerce was at its height during the early days of the COVID-19 pandemic. It has continued to promote the service even though it faces strong competition, not only from companies like Instacart and Shipt, but also DoorDash, which recently said its grocery-delivery business has doubled in the past year. Food for thought.
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software business intelligence SAP SAP Unveils On-Demand Business Intelligence Toolset software business intelligence SAP SAP, which acquired Business Objects in early 2008, already offers hosted versions of its business intelligence tools. But the new software is SAP’s first real multi-tenant, Software-as-a-Service business intelligence application, said James Thomas, vice president of product management for SAP business intelligence tools. SAP BusinessObjects BI OnDemand ties together the vendor’s business intelligence software portfolio into a SaaS package using the BusinessObjects Explorer tool for searching and visualizing large data sets. Thomas said companies that deploy the service could expand the number of employees, particularly those in customer-facing jobs, who…
Business Intelligence in ERP (The Role of BI Tools in ERP) De-siloing the enterprise: The challenges and opportunities in data consolidation A hot topic in the data management space is the argument against data silos. Factors such as generative artificial intelligence and decentralized data infrastructures have intensified the need to embrace the data consolidation ethos. RelationalAI’s Molham Aref discusses modern data platforms. What is the imperative to de-silo data operations? And what challenges and opportunities exist as companies move toward interconnected data infrastructures? “You’re building intelligent applications, and by definition, these applications have to look at data,” said Molham Aref (pictured), chief executive officer of RelationalAI Inc. “The old architecture is where…
Willdan Benefits from AI Lapping Up Electricity Willdan Benefits from AI Lapping Up Electricity The intelligence may be artificial, but the growing electricity needs are very real. Just ask Willdan Group, Anaheim’s most valuable publicly traded company. The environmental engineering services firm on Aug. 1 reported second-quarter results that surpassed analysts’ estimates, boosting the share price by 12%. “The electric load growth macrotrend strengthened over the quarter, fueled by growth in electricity demand at data centers from artificial intelligence,” Chief Executive Mike Bieber said in a statement announcing the results. Business Intelligence Roadmap PowerPoint Template Nulivo Market The increased demand for AI has benefited companies with local…
AI is approaching an open-source inflection point… AI is approaching an open-source inflection point $75 per month Complete digital access to quality FT journalism with expert analysis from industry leaders. Pay a year upfront and save 20%. Global news & analysisExpert opinionFT App on Android & iOSFT Edit appFirstFT: the day’s biggest stories20+ curated newslettersFollow topics & set alerts with myFTFT Videos & Podcasts20 monthly gift articles to shareLex: FT’s flagship investment column15+ Premium newsletters by leading expertsFT Digital Edition: our digitised print edition Small language models and open source are transforming AI Free and Open Source Business Intelligence Tools Logz SLMs also sharpen customization. These models…
Transforming of Power Business Intelligence Transforming Your Organization with the Power of Business Intelligence Share Share What are Business Intelligence Tools and the Types of Business Share Email The Business Intelligence Index - Gradient Flow With the ability to drive strategic initiatives, make educated decisions and extract valuable insights from raw data, business intelligence (BI) has become a key enabler for organizational success. BI has revolutionized the way businesses operate and plan for the future in this age of intense competition and rapid technological advancement. One of the most powerful business intelligence tools available, Intellicus has provided tailored solutions to over…
reasons to use Microsoft Power BI Stitch Microsoft announces Power BI Premium Microsoft is expanding its business analytics and intelligence portfolio with the announcement of Power BI Premium. Power BI Premium is an extension of the company’s Power BI solution that provides improved performance for larger data volumes. “Power BI was first made generally available in July 2015. Since then, Microsoft’s driving vision for Power BI has been to enable users across roles, disciplines and industries to sign up for the service in seconds and get business value by drawing insights from their data within minutes,” Kamal Hathi, general manager at Microsoft, wrote in a post. “Power…
22nd Century Technologies Buys TreasurySoft 22nd Century Technologies Buys TreasurySoft to Expand ERP Capabilities for Federal Market Clients McLean, Virginia-based 22nd Century Technologies Inc. has acquired TreasurySoft in a transaction that expands its enterprise resource planning practice and capabilities to deliver digital transformation platforms to federal, state, local government and transit agencies. TSCTI said Tuesday TreasurySoft provides PeopleSoft and Oracle Fusion ERP Treasury Management Systems and other tech platforms that offer real-time insights across cash management, risk management, investment management and other critical financial functions. “By bringing TreasurySoft into our fold, we are not only expanding our ERP capabilities but also setting the stage to…
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Salesforce vs. Microsoft Dynamics 365 Overview Microsoft Dynamics vs. Salesforce: Comparison 2024 Salesforce vs. Microsoft Dynamics 365 Overview Salesforce’s Sales Hub and Microsoft Dynamics 365 Sales are similar products that offer most of the CRM features you expect to find in standalone CRM software. We compare these two as the primary CRM offerings from both providers, though other products exist for marketing, customer service and other work management functions. Salesforce is a highly customizable CRM that teams can configure for almost any business need, while Microsoft Dynamics 365 serves as a centralized place for customer data for teams that already use it. Salesforce vs. Microsoft Dynamics…
Business Intelligence Platforms: Best Analytics & BI… How Women Business Owners Are Using Artificial Intelligence Written by Lesa Seibert, NAWBO National Board Secretary, member of NAWBO Kentucky and CEO of Mightily The intersection of artificial intelligence and public policy has been at the forefront this past year since President Biden issued an executive order on AI that provides entrepreneurs with access to technical assistance and resources, among other things. Senate Majority Leader Chuck Schumer followed up the executive order with a series of AI Insight Forums to discuss the intersection of AI and innovation, workforce and intellectual property issues. As the governance of AI continues to take…
Meta scraps celebrity AI chatbots after less than a year Artificial Intelligence Tech 2024-08-13T18:31:05Z Replika lets you buy an AI girlfriend or boyfriend — and its average user age is surprising Replika CEO Eugenia Kuyda said the app’s users are “mostly 35-plus and super engaged.” Some people have formed deep bonds with their AI companions. Tech 2024-08-13T13:40:11Z AI and security concerns fuel a shift to on-premises IT infrastructure as companies seek more control of data AI, data privacy, and security concerns are pushing companies to adopt hybrid IT infrastructure that combines on-prem hardware with cloud services. Business Intelligence PowerPoint Template PPT Templates The US and some of its allies just…
Mastering Data Scraping from Google Maps: A… Mastering Data Scraping from Google Maps: A Comprehensive Guide Share Share Business intelligence: A complete overview Tableau Share Email What is Business Intelligence? Tableau Introduction In the digital age, data is a crucial asset for businesses. It provides insights that drive decision-making and strategy. One powerful method to gather data is through data scraping, particularly from Google Maps, which is a rich repository of business information. This guide aims to help you master data scraping from Google Maps, providing valuable insights for your business intelligence efforts. Understanding Data Scraping Data scraping, also known as web scraping, involves…
The Future of Business Intelligence Transforming Your Organization with the Power of Business Intelligence Share Share Data Analytics And Business Intelligence Computational Frameworks Share Email Tech trailblazers: How Tokopedia is innovating in Indonesia CIO With the ability to drive strategic initiatives, make educated decisions and extract valuable insights from raw data, business intelligence (BI) has become a key enabler for organizational success. BI has revolutionized the way businesses operate and plan for the future in this age of intense competition and rapid technological advancement. One of the most powerful business intelligence tools available, Intellicus has provided tailored solutions to over 17,000…
You Won’t Need to Pay for Apple Intelligence Anytime Soon You Won’t Need to Pay for Apple Intelligence Anytime Soon Despite several analyst reports that Apple will eventually charge for access to Apple Intelligence features, it’s unlikely it plans to do so anytime soon. While many, including Mark Gurman, believe that Apple’s focus on growing its services business makes a paid Apple Intelligence tier inevitable, the Bloomberg analyst is also convinced this won’t be coming in the near future — and that it’s unlikely to encompass any of the Apple Intelligence features that are slated to arrive in iOS 18 over the next year. In late June, Gurman suggested an “Apple…
How Zebra Technologies Uses Machine Vision to… How Zebra Technologies Uses Machine Vision to Transform Production Automation Machine vision is the focus of Machine Design’s Takeover Topic Event (Aug. 12-16, 2024). Covering the gamut of vision systems, the lineup includes case histories, trends and interviews with notable players to watch in this space. In the accompanying video, Andrew Zosel, senior vice president and general manager, Zebra Technologies, explains the vision and strategy behind recent acquisitions and the resultant solutions. Machine vision is a significant part of that investment and future growth at Zebra, said Zosel. (In parts 2 and 3 of this interview series focusing on machine…
Talent Intelligence: Unlocking The Power Of… Talent Intelligence: Unlocking The Power Of Multidimensional Data Joanna Riley, CEO & cofounder of Censia. Striving for a more just and efficient global economy through better talent data and technology. getty In the age of data-driven decision-making, the significance of structured, multidimensional data cannot be overstated. This data type forms the backbone of advanced AI systems, facilitating nuanced insights and predictive analytics essential for modern business strategies, including talent management. What Is Business Intelligence (BI)? Types, Benefits, and Examples Data-Driven Recruiting And Talent Management Companies that harness data in talent management have seen remarkable improvements in both efficiency and insights…
Microsoft announces Power BI Premium Microsoft announces Power BI Premium Microsoft is expanding its business analytics and intelligence portfolio with the announcement of Power BI Premium. Power BI Premium is an extension of the company’s Power BI solution that provides improved performance for larger data volumes. “Power BI was first made generally available in July 2015. Since then, Microsoft’s driving vision for Power BI has been to enable users across roles, disciplines and industries to sign up for the service in seconds and get business value by drawing insights from their data within minutes,” Kamal Hathi, general manager at Microsoft, wrote in a post. “Power…
Microsoft Power BI: A Powerful Cloud Based Business… Free Business Email: 7 Legit Ways to Get Free Addresses All businesses need branded email addresses, and small businesses and startups often need it to be as cheap as possible. To help, we rounded up the best legitimate ways to get a free business email address. All are secure and credible for professional use. Some are completely free, while others include free email accounts with products like domains, web hosting, and office software. Best free business email addresses: Zoho Mail Best for Gmail business email: Google Workspace Best for a free email address with cheap domain purchase: IONOS Best website…
The Four Pillars of Business Intelligence Transforming Your Organization with the Power of Business Intelligence Share Share How to Transform your Business With Power BI - Atidan Technology Share Email Microsoft Power BI Data Visualization Business intelligence With the ability to drive strategic initiatives, make educated decisions and extract valuable insights from raw data, business intelligence (BI) has become a key enabler for organizational success. BI has revolutionized the way businesses operate and plan for the future in this age of intense competition and rapid technological advancement. One of the most powerful business intelligence tools available, Intellicus has provided tailored solutions to…
Microsoft Dynamics vs. Salesforce: Comparison 2024… Microsoft Dynamics vs. Salesforce: Comparison 2024 Salesforce vs. Microsoft Dynamics 365 Overview Salesforce’s Sales Hub and Microsoft Dynamics 365 Sales are similar products that offer most of the CRM features you expect to find in standalone CRM software. We compare these two as the primary CRM offerings from both providers, though other products exist for marketing, customer service and other work management functions. Salesforce is a highly customizable CRM that teams can configure for almost any business need, while Microsoft Dynamics 365 serves as a centralized place for customer data for teams that already use it. Salesforce vs. Microsoft Dynamics…
Artificial Intelligence Tech 2024 Artificial Intelligence Tech 2024-08-13T18:31:05Z Replika lets you buy an AI girlfriend or boyfriend — and its average user age is surprising Replika CEO Eugenia Kuyda said the app’s users are “mostly 35-plus and super engaged.” Some people have formed deep bonds with their AI companions. Tech 2024-08-13T13:40:11Z AI and security concerns fuel a shift to on-premises IT infrastructure as companies seek more control of data AI, data privacy, and security concerns are pushing companies to adopt hybrid IT infrastructure that combines on-prem hardware with cloud services. The best business intelligence (BI) software in Zapier The US and some of its…
RBC Capital Keeps Their Buy Rating on Jasper… RBC Capital Keeps Their Buy Rating on Jasper Therapeutics (JSPR) In a report released yesterday, Gregory Renza from RBC Capital maintained a Buy rating on Jasper Therapeutics (JSPR – Research Report), with a price target of $68.00. The company’s shares closed yesterday at $18.85. Renza covers the Healthcare sector, focusing on stocks such as Perspective Therapeutics, Pacira Pharmaceuticals, and Viridian Therapeutics. According to TipRanks, Renza has an average return of 13.8% and a 45.27% success rate on recommended stocks. Jasper Therapeutics has an analyst consensus of Strong Buy, with a price target consensus of $72.71, which is a 285.73% upside…
Google keeps scaling back AI search results, new study finds Google keeps scaling back AI search results, new study finds Google’s AI Overviews in search results have dropped off significantly in recent months, according to a new study. The search giant is rethinking how it uses artificial intelligence in its biggest product. Researchers at SE Ranking have been closely tracking how often Google’s AI-generated responses appear in results and the sources the tool cites. In a test of around 100,000 searches on Google conducted in July, just 7.47% produced an AI Overview, which was a 1.24% drop from the previous month, the researchers found. That’s also a huge fall-off from…
How to create Excel dashboards with Claude 3 AI in minutes How to create Excel dashboards with Claude 3 AI in minutes If you are looking for a fast and efficient way to create Excel dashboards to present your data in presentations or reports. You might be interested to know that you can use the power of Claude 3 AI to help create these Excel interactive dashboards just a few minutes. Saving you hours of time which can be spent more wisely. Creating interactive dashboards has become an essential skill and by using Claude 3 AI, a powerful artificial intelligence tool, this process has been streamlined and simplified. This guide created…
What is The Role of CRM in Gaining Business Intelligence? CRM is dead — and AI can’t come to the rescue fast enough For quite some time, “best practice” has been to make connecting with actual live human beings as inconvenient as possible, encouraging otherwise recalcitrant customers to find online solutions to their problems. This isn’t even necessarily a bad idea. In many cases, once customers figure out how to use a DIY system they end up preferring it — a convenience win for the customer and a financial win for the vendor. But there’s a wide gorge separating “inconvenient” from “impossible” (yes, I know, gorges are narrow by definition,…
What is the difference between reporting and… Threat actors leverage cybersecurity gaps from M&A – new report Threat actors leverage cybersecurity gaps from M&A – new report | Insurance Business America Insurance News Threat actors leverage cybersecurity gaps from M&A – new report Reliance on software vendors brings new vulnerabilities Insurance News By Grant Funtila Threat actors have evolved their tactics in 2024 to exploit business and technology consolidation. According to Resilience’s mid-year 2024 cyber risk report, the surge in mergers and acquisitions (M&A) and the increasing reliance on major software vendors has provided new opportunities for threat actors. Business Intelligence Reports - MyMotionCalendar The report released…
Microsoft Dynamics vs. Salesforce: Comparison 2024 Microsoft Dynamics vs. Salesforce: Comparison 2024 Salesforce vs. Microsoft Dynamics 365 Overview Salesforce’s Sales Hub and Microsoft Dynamics 365 Sales are similar products that offer most of the CRM features you expect to find in standalone CRM software. We compare these two as the primary CRM offerings from both providers, though other products exist for marketing, customer service and other work management functions. Salesforce is a highly customizable CRM that teams can configure for almost any business need, while Microsoft Dynamics 365 serves as a centralized place for customer data for teams that already use it. Salesforce vs. Microsoft Dynamics…
Power BI vs Tableau: Which is The Better BI Tool Salesforce unit Tableau to exit former headquarters in Seattle Tableau will give up its former headquarters in north Seattle, abandoning more than 110,000 square feet of offices by Lake Union. The data analytics software firm owned by San Francisco-based Salesforce will not renew its lease at the Fremont Lake Union Center at 837 North 34th Street, in Fremont, the Seattle Times reported. The lease expires at the end of this month. Salesforce, a cloud-based sales software company, bought Tableau in 2019 for $15.7 billion. Ryan Aytay, CEO for Tableau, is based in San Francisco. Power BI vs Tableau: Which is…
Google Business Profile - The Evolution of Google My… 6 ways the Google antitrust ruling could change the internet State Zip Code Country News Google Provides First Look at Plans for Chicago's Thompson Peep This List Of Financial Resources For Black Business Owners And Entrepreneurs by Derek Major August 13, 2024 For Black Business Month, Black Enterprise has compiled a list of financial resources that will help Black entrepreneurs. Black-owned businesses have been thriving this year. Whether it’s retail, hair and beauty, food, or liquor, there are more Black entrepreneurs than ever, and many are becoming successful businessmen and women. Despite the news, many Black entrepreneurs struggle to find…
Global Edge Data Center Market Predicted to Cross… Business Intelligence and Analytics Fusion Introduces New AI-Powered Scenario Simulation and Intelligence Suite Fusion Risk Management (Fusion), a provider of cloud-based operational resilience, business continuity, and risk management solutions, is releasing its new Scenario Simulation and Intelligence suite—enabling companies to simulate thousands of possible scenarios against their resilience plans and strategies to identify points of weakness at scale. Posted August 14, 2024 Ridge Security Enhances Proactive Exposure Management with RidgeBot 4.3.3 Ridge Security Technology Inc. is releasing RidgeBot version 4.3.3, introducing a powerful integration that enhances proactive exposure management for organizations—combining RidgeBot’s automated vulnerability detection and validation capabilities with leading…
What is Business Intelligence (BI): Complete Implementation Transforming Your Organization with the Power of Business Intelligence Share Share Understanding Business Intelligence Through Modernizing ETL Share Email How to choose the right ETL tool? Bismart Partner Power BI With the ability to drive strategic initiatives, make educated decisions and extract valuable insights from raw data, business intelligence (BI) has become a key enabler for organizational success. BI has revolutionized the way businesses operate and plan for the future in this age of intense competition and rapid technological advancement. One of the most powerful business intelligence tools available, Intellicus has provided tailored solutions to over…
Artificial Intelligence Stocks: The 10 Best AI Companies Artificial Intelligence Stocks: The 10 Best AI Companies Artificial intelligence, automation and robotics are disrupting virtually every industry. Remarkable advances in AI technology — including OpenAI’s ChatGPT AI chatbot, GitHub’s Copilot AI code generation software and Google’s Gemini AI model — are now familiar names for many. [Sign up for stock news with our Invested newsletter.] Whether it be machine learning, large language models, smart applications and appliances, digital assistants, synthetic media software, or autonomous vehicles, companies that aren’t investing in AI products and services risk becoming obsolete. Countless companies stand to benefit from AI, but a handful of stocks…
Embed a Power BI Report Server report using an iFrame in Transforming Your Organization with the Power of Business Intelligence Share Share Power BI - Data Visualization Microsoft Power Platform Share Email Embed a Power BI Report Server report using an iFrame in With the ability to drive strategic initiatives, make educated decisions and extract valuable insights from raw data, business intelligence (BI) has become a key enabler for organizational success. BI has revolutionized the way businesses operate and plan for the future in this age of intense competition and rapid technological advancement. One of the most powerful business intelligence tools available, Intellicus has provided tailored solutions…
SEALSQ Unveils Revolutionary Artificial Intelligence… SEALSQ Unveils Revolutionary Artificial Intelligence for Internet of Things (AIoT) Strategy, Pioneering the Future of Connected Intelligence Geneva, Switzerland, Aug. 14, 2024 (GLOBE NEWSWIRE) — SEALSQ Corp (NASDAQ: LAES) (“SEALSQ” or “Company”), a company that focuses on developing and selling Semiconductors, PKI and Post-Quantum technology hardware and software products, announces its bold entry into the AI chip market, underscored by its visionary AIoT (Artificial Intelligence for Internet of Things) strategy, which seamlessly merges the power of AI with the expansive potential of IoT technologies. This move positions SEALSQ at the cutting edge of technological innovation, where the convergence of AI…
Black Books That Will Get Your Head Right During… Black Books That Will Get Your Head Right During Black Business Month Looking to learn more about business and how to successfully operate? Well, look no further BLACK ENTERPRISE selected 9 business books Originally Published Aug. 19, 2023. Looking to learn more about business and how to successfully operate? Well, look no further. BLACK ENTERPRISE has selected nine business books that go beyond scratching the surface. Real talk: this is required reading. These Black authors do a deep dive into the world of business, sharing strategies, successful blueprints, and business models to educate about emerging and established entrepreneurs and business owners.…
The Microsoft Dynamics 365 CRM is excellent Microsoft Dynamics vs. Salesforce: Comparison 2024 Salesforce vs. Microsoft Dynamics 365 Overview Salesforce’s Sales Hub and Microsoft Dynamics 365 Sales are similar products that offer most of the CRM features you expect to find in standalone CRM software. We compare these two as the primary CRM offerings from both providers, though other products exist for marketing, customer service and other work management functions. Salesforce is a highly customizable CRM that teams can configure for almost any business need, while Microsoft Dynamics 365 serves as a centralized place for customer data for teams that already use it. Salesforce vs. Microsoft Dynamics…
Finance’s biggest firms are considering how AI might… Artificial Intelligence Tech 2024-08-13T18:31:05Z Replika lets you buy an AI girlfriend or boyfriend — and its average user age is surprising Replika CEO Eugenia Kuyda said the app’s users are “mostly 35-plus and super engaged.” Some people have formed deep bonds with their AI companions. Tech 2024-08-13T13:40:11Z AI and security concerns fuel a shift to on-premises IT infrastructure as companies seek more control of data AI, data privacy, and security concerns are pushing companies to adopt hybrid IT infrastructure that combines on-prem hardware with cloud services. TARGIT - BI Survey The US and some of its allies just pulled off…
Talent Intelligence: Unlocking The Power Of… Talent Intelligence: Unlocking The Power Of Multidimensional Data Joanna Riley, CEO & cofounder of Censia. Striving for a more just and efficient global economy through better talent data and technology. getty In the age of data-driven decision-making, the significance of structured, multidimensional data cannot be overstated. This data type forms the backbone of advanced AI systems, facilitating nuanced insights and predictive analytics essential for modern business strategies, including talent management. Microsoft Business Intelligence – Business Excellence Data-Driven Recruiting And Talent Management Companies that harness data in talent management have seen remarkable improvements in both efficiency and insights into workforce dynamics.…
Why Business Intelligence (BI) Is A Must-Have Tool for Every Should Central Maine Power go “dark” to the regulators? A proposed financial reorganization of Central Maine Power (CMP), the state’s dominant electric company, is generating fierce consumer opposition at the Maine Public Utilities Commission. Augusta-based Avangrid (NYSE:AGR), CMP’s owner since 2015, is 81.6% owned by Spanish energy conglomerate Iberdrola, which wants the state regulators to rubber stamp a deal where Iberdrola would acquire the remaining 18.4% of Avangrid for $2.5 billion. Iberdrola said, “The objective of this transaction is to increase exposure to the networks business in the United States at a key moment for Iberdrola, which wants to grow in markets with strong credit…
BI tools give businesses access to real-time data Transforming Your Organization with the Power of Business Intelligence Share Share What is Power BI - BeyondKey Systems Share Email Connect MySQL To Power BI Step By Step [] - ScaleGrid With the ability to drive strategic initiatives, make educated decisions and extract valuable insights from raw data, business intelligence (BI) has become a key enabler for organizational success. BI has revolutionized the way businesses operate and plan for the future in this age of intense competition and rapid technological advancement. One of the most powerful business intelligence tools available, Intellicus has provided tailored solutions to…
Combine Microsoft and Power BI Microsoft Power BI Free Business Email: 7 Legit Ways to Get Free Addresses All businesses need branded email addresses, and small businesses and startups often need it to be as cheap as possible. To help, we rounded up the best legitimate ways to get a free business email address. All are secure and credible for professional use. Some are completely free, while others include free email accounts with products like domains, web hosting, and office software. Best free business email addresses: Zoho Mail Best for Gmail business email: Google Workspace Best for a free email address with cheap domain purchase: IONOS Best website…
Analysts laud SAS’ innovation in AI, marketing, risk… Analysts laud SAS’ innovation in AI, marketing, risk and fraud solutions Investment by SAS drives accolades in multiple reports from top analyst firms CARY, N.C., July 30, 2024 /PRNewswire/ — When choosing new technologies like generative AI (GenAI) or selecting vendors for mission-critical functions like managing risk, improving marketing and customer loyalty, and fighting fraud and financial crimes, organizations often seek the advice of top industry analyst firms. Top industry analyst firms have once again have recognized SAS as a leader in key business and technology areas. Statistical Business Analysis SAS And these top firms once again have recognized SAS…
Understanding Business Intelligence Transforming Your Organization with the Power of Business Intelligence Share Share reasons to use Microsoft Power BI Stitch Share Email Power BI - Data Visualization Microsoft Power Platform With the ability to drive strategic initiatives, make educated decisions and extract valuable insights from raw data, business intelligence (BI) has become a key enabler for organizational success. BI has revolutionized the way businesses operate and plan for the future in this age of intense competition and rapid technological advancement. One of the most powerful business intelligence tools available, Intellicus has provided tailored solutions to over 17,000 small…
Can AI even be open source? It’s complicated Can AI even be open source? It’s complicated zf L/Getty Images Without open source, there is no artificial intelligence (AI). Period. End of statement. It’s not just that AI’s early roots spring from the 1960s’ open language Lisp; the headline AI generative models, such as ChatGPT, Llama 2, and DALL-E, are built on solid, open-source foundations. However, those models and programs themselves are not open source. Also: AI scientist: ‘We need to think outside the large language model box’ Best Free and Open Business Intelligence Tools CIO Women Magazine Oh, I know that when Meta CEO Mark Zuckerberg unveiled Llama …
Business Intelligence and Analytics Fusion… Business Intelligence and Analytics Fusion Introduces New AI-Powered Scenario Simulation and Intelligence Suite Fusion Risk Management (Fusion), a provider of cloud-based operational resilience, business continuity, and risk management solutions, is releasing its new Scenario Simulation and Intelligence suite—enabling companies to simulate thousands of possible scenarios against their resilience plans and strategies to identify points of weakness at scale. Posted August 14, 2024 Ridge Security Enhances Proactive Exposure Management with RidgeBot 4.3.3 Ridge Security Technology Inc. is releasing RidgeBot version 4.3.3, introducing a powerful integration that enhances proactive exposure management for organizations—combining RidgeBot’s automated vulnerability detection and validation capabilities with leading…
Oracle Business Intelligence (BI) Platform Transforming Your Organization with the Power of Business Intelligence Share Share Oracle Business Intelligence (BI) Platform – BI / DW Insider Share Email Hyperion Solutions - Wikipedia With the ability to drive strategic initiatives, make educated decisions and extract valuable insights from raw data, business intelligence (BI) has become a key enabler for organizational success. BI has revolutionized the way businesses operate and plan for the future in this age of intense competition and rapid technological advancement. One of the most powerful business intelligence tools available, Intellicus has provided tailored solutions to over 17,000 small and…
Smart Automation: AI’s Impact On Operational Efficiency Smart Automation: AI’s Impact On Operational Efficiency Atal Bansal is the Founder and CEO at Chetu, a global U.S.-based custom software solutions and support services provider. getty AI “smart” or “intelligent” automation seems unstoppable because it promises to save money, minimize human error, and produce faster results. The impact on workers and the workplace will be dramatic. Business Intelligence: making Smart Business Decisions Goldman Sachs reports that “two-thirds of occupations could be partially automated by AI.” McKinsey echoes this sentiment in an article: “Current generative AI and other technologies have the potential to automate work activities that absorb 60 to…
Dashboards, Business Intelligence and Reporting… NANO Nuclear Energy Appoints Former Congressman and District Attorney Dan Donovan to its Executive Advisory Board as Chairman for Market Intelligence NANO Nuclear Energy Inc. NANO Nuclear Energy Inc. Figure 1 – NANO Nuclear Energy Inc. Appoints Fromer District Attorney and Congressman Daniel M. Donovan Jr. as its Chairman of the Executive Advisory Board for Market Intelligence. Pros and Cons of Board Former member of House Homeland Security Committee member brings important expertise and contacts to NANO Nuclear New York, N.Y., Aug. 14, 2024 (GLOBE NEWSWIRE) — NANO Nuclear Energy Inc. (NASDAQ: NNE) (“NANO Nuclear”), a vertically integrated advanced nuclear energy and…
Common Mistakes to Avoid When Hiring a Power BI Developer Common Mistakes to Avoid When Hiring a Power BI Developer Businesses depend intensely on information analytics to make informed decisions, and Power BI has risen as a prevalent tool for turning raw data into significant insights. Hiring a Power BI engineer is a crucial choice that can altogether affect your organization’s victory. In any case, companies frequently make a few mistakes when hiring Control BI engineers that can lead to project delays, destitute results, and unnecessary costs. Here are five common mistakes businesses make when hiring Power BI developers and we offer significant tips to avoid them. Common mistakes when…
Common Mistakes to Avoid When Hiring a Power BI Developer Common Mistakes to Avoid When Hiring a Power BI Developer Businesses depend intensely on information analytics to make informed decisions, and Power BI has risen as a prevalent tool for turning raw data into significant insights. Hiring a Power BI engineer is a crucial choice that can altogether affect your organization’s victory. In any case, companies frequently make a few mistakes when hiring Control BI engineers that can lead to project delays, destitute results, and unnecessary costs. Here are five common mistakes businesses make when hiring Power BI developers and we offer significant tips to avoid them. Common mistakes when…
Business Intelligence Improved Decision Making How AI Can Power Brand Management Marketers have begun experimenting with AI to improve their brand-management efforts. But unlike other marketing tasks, brand management involves more than just repeatedly executing one specialized function. Long considered the exclusive domain of creative talent, it encompasses multiple activities designed to build the reputation and image of a business—such as crafting and communicating the brand story, ensuring that the product or service and its price reflect the brand’s competitive positioning, and managing customer relationships to forge loyalty to the brand. A brand is a promise to customers about the quality, style, reliability, and aspiration…
Healthcare Business Intelligence Market Size to… Healthcare Business Intelligence Market Size to Reach USD 27.63 Billion By 2032, With a Growing CAGR of 14% | Research by SNS Insider SNS Insider pvt ltd The rise in electronic health records (EHRs) and the integration of big data analytics in healthcare have further propelled the adoption of BI solutions. Pune, Aug. 14, 2024 (GLOBE NEWSWIRE) — Healthcare Business Intelligence Market Size & Share: Mastering Business Intelligence: Comprehensive Guide to Concepts “According to SNS Insider Research, The Healthcare Business Intelligence (BI) Market Size was valued at US$ 9.0 Billion in 2023 and is expected to reach US$ 27.63 Billion…
Paid Apple Intelligence features won’t come until at… Paid Apple Intelligence features won’t come until at least 2027 In years to come, some advanced Apple Intelligence features could have a price tag attached. In the forthcoming Apple Intelligence features, there was no mention of any fees or subscription charges. That could change as early as 2027. AppleInsider has previously discussed that future Apple Intelligence features, particularly those for more advanced users, could come with a subscription or fee structure. That said, it is unlikely that users will see such features before 2027 at the earliest, according to Bloomberg’s Power On newsletter. The first set of features of Apple…
54 Predictions About The State Of Data In 2021 54 Predictions About The State Of Data In 2021 From 2010 to 2020, the amount of data created, captured, copied, and consumed in the world increased from 1.2 trillion gigabytes to 59 trillion gigabytes, an almost 5,000% growth. What will data do in the coming decade? Happy New Year! getty 26 the five-year compound annual growth rate (CAGR) through 2024 of the data created, captured, copied, and consumed in the world; the amount of data created over the next three years will be more than the data created over the past 30 years [IDC] ⦨ Richard van Dijk ⦩ LinkedIn 22 the…
Ethical Considerations in BI Business Intelligence vs. Competitive Intelligence: What’s the Difference? Business Intelligence vs. Competitive Intelligence: An Overview Competitive intelligence is the act of understanding a company’s industry and industry rivals so the company can make better business decisions. Business intelligence refers to the tools, software, and systems that play a vital role in the strategic planning process of a company. Key Takeaways Competitive intelligence is the outward-focused analysis of a business’s competitors to identify advantages and potential strategies.In contrast, business intelligence is the inward-focused evaluation of the business’s own data, which can help improve efficiency and growth.Combining both business and competitive intelligence…
How Gen Z Is Changing Business and the Workplace Microsoft to reinvent office apps with Artificial Intelligence toolsWashington [US], March 17 (ANI): Microsoft is reinventing its Power Platform’s software development, including Outlook, PowerPoint, Excel and Word, with AI-powered no-code development and adding new features like Copilot. In an event on Thursday (Local Time), the company announced that Microsoft 365 users will soon be able to use what the company is calling an AI “Co-pilot,” Microsoft said in a statement. “Makers now have a live in-studio copilot that helps them build solutions and provides suggestions for improvement. To build an app, flow, or bot, you can describe it using natural…
Snowflake launches Cortex Analyst, an agentic AI… Snowflake launches Cortex Analyst, an agentic AI system for accurate data analytics Join our daily and weekly newsletters for the latest updates and exclusive content on industry-leading AI coverage. Learn More Snowflake is all set to deploy powerful language models for complex data work. Today, the company announced it is launching Cortex Analyst, an all-new agentic AI system for self-service analytics, in public preview. First announced during the company’s data cloud summit in June, Cortex Analyst is a fully managed service that provides businesses with a conversational interface to talk to their data. All the users have to do is…
Pentaho Adaptive Big Data LayerPentaho Business Analytics Pentaho furthers innovation in Big Data integration and launches Pentaho Labs Delivering the future of analytics, Pentaho Corporation today introduced a new adaptive big data layer in its platform that accelerates access and integration to the latest versions and capabilities of popular big data stores. It also announced a “think tank” called Pentaho Labs for innovating breakthrough big data-driven technologies in areas such as predictive and real-time analytics. The Pentaho adaptive big data layer supports Hadoop distributions from Cloudera, Hortonworks, MapR and Intel, as well as popular NoSQL databases Cassandra and MongoDB, and introduces support for Splunk. With Pentaho, data…
AI For Business Intelligence From recruitment to performance: AI and ML transforming HR operations The current era, known as the ‘digital age’, has seen digital transformation become a global consensus among businesses. Many experts believe that transformation has been accelerated by as much as half a decade in the wake of the pandemic, which saw digital transformation at a never-before-seen scale. This transformation is disrupting almost all industries, and human resources (HR) is no exception. In this digitised world, HR must reinvent itself. By stepping up to this challenge, HR can create immense value for both organisations and their employees. However, it is crucial…
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Business Intelligence and Analytics Fusion… You Won’t Need to Pay for Apple Intelligence Anytime Soon Despite several analyst reports that Apple will eventually charge for access to Apple Intelligence features, it’s unlikely it plans to do so anytime soon. While many, including Mark Gurman, believe that Apple’s focus on growing its services business makes a paid Apple Intelligence tier inevitable, the Bloomberg analyst is also convinced this won’t be coming in the near future — and that it’s unlikely to encompass any of the Apple Intelligence features that are slated to arrive in iOS 18 over the next year. In late June, Gurman suggested an “Apple…
op Business Intelligence and Analytics Tools Organizations ‘Justice Intelligence’ Startup Darrow Expands Plaintiff-Finding Service to Mass Arbitrations On Wednesday, New York and Tel Aviv-based legal tech startup Darrow announced the addition of mass arbitration to its PlaintiffLink service. Publicly launched in February 2024, PlaintiffLink helps firms connect with and review potential plaintiffs for cases. The development and expansion of PlaintiffLink was likely supported in part by the startup’s $35 million Series B funding round, which it announced in September 2023. Marketing itself as a justice intelligence platform, Darrow essentially looks to be a business development tool for litigation teams. Some of its offerings use generative AI to analyze…
Hidden Apple Intelligence Features Revealed Hidden Apple Intelligence Features Revealed Apple’s latest iOS 18.1 beta 2 update brings a suite of advanced AI-driven features for Apple Intelligence designed to transform your user experience. These hidden gems leverage Apple’s innovative AI technology to automate tasks, enhance communication, and create personalized content, ultimately streamlining your daily interactions with your device. Let’s dive into the details of these innovative features. Smart Reply: Effortless Email and Message Responses The Smart Reply feature in iOS 18.1 takes the hassle out of responding to emails and messages. Intelligently analyzing the content of your incoming communications suggests complete, contextually relevant replies. Whether you receive…
Qlik Answers Now Available for AI-Driven, Fully… Qlik Answers Now Available for AI-Driven, Fully Explainable Insights from Vast Unstructured Business Data PHILADELPHIA, July 30, 2024 (GLOBE NEWSWIRE) — Qlik®, a global leader in data integration, analytics, and artificial intelligence (AI), today announced the general availability of Qlik Answers™, its newest self-service AI solution designed to help organizations harness the power of AI by removing the risk, embracing the complexity, and scaling the impact of AI. Qlik Answers transforms unstructured data into actionable results through generative AI, offering full explainability—a common obstacle in enterprise AI adoption. Qlik Answers combines generative AI with Qlik’s trusted data analytics capabilities to…
Business Intelligence vs. Competitive Intelligence Business Intelligence vs. Competitive Intelligence: What’s the Difference? Business Intelligence vs. Competitive Intelligence: An Overview Competitive intelligence is the act of understanding a company’s industry and industry rivals so the company can make better business decisions. Business intelligence refers to the tools, software, and systems that play a vital role in the strategic planning process of a company. Key Takeaways Competitive intelligence is the outward-focused analysis of a business’s competitors to identify advantages and potential strategies.In contrast, business intelligence is the inward-focused evaluation of the business’s own data, which can help improve efficiency and growth.Combining both business and competitive intelligence…
Snowflake launches Cortex Analyst, an agentic AI… Snowflake launches Cortex Analyst, an agentic AI system for accurate data analytics Join our daily and weekly newsletters for the latest updates and exclusive content on industry-leading AI coverage. Learn More Snowflake is all set to deploy powerful language models for complex data work. Today, the company announced it is launching Cortex Analyst, an all-new agentic AI system for self-service analytics, in public preview. First announced during the company’s data cloud summit in June, Cortex Analyst is a fully managed service that provides businesses with a conversational interface to talk to their data. All the users have to do is…
How to create Excel dashboards with Claude How to create Excel dashboards with Claude 3 AI in minutes If you are looking for a fast and efficient way to create Excel dashboards to present your data in presentations or reports. You might be interested to know that you can use the power of Claude 3 AI to help create these Excel interactive dashboards just a few minutes. Saving you hours of time which can be spent more wisely. Creating interactive dashboards has become an essential skill and by using Claude 3 AI, a powerful artificial intelligence tool, this process has been streamlined and simplified. This guide created…
Magic Quadrant for Analytics & Business Intelligence… Gartner says everyday AI and digital employee experience are two years away from mainstream adoption ERROR: The request could not be satisfied Request blocked. We can’t connect to the server for this app or website at this time. There might be too much traffic or a configuration error. Try again later, or contact the app or website owner. If you provide content to customers through CloudFront, you can find steps to troubleshoot and help prevent this error by reviewing the CloudFront documentation. Generated by cloudfront (CloudFront) Request ID: GFd0flXaeUjYUvECGjo3GIRU7HEI9EgAwOe2IsvR7iPvJ1p9qTAa3A== Gartner says everyday AI and digital employee experience are two years…
