27 May IBM Partners with Retalon to Bring World-Class Technology to Retail
In this video, Leon Katsnelson, Big Data, and Cloud Program Director, discusses the explosion of interest in big data.
Katsnelson points to the increasing coverage of big data in the business press is an indicator of the growing relevance and importance of leveraging data, specifically for retailers. In 2018, more than ever, data is the new oil. Oil must be refined in order for it to power your car engine. Big data is much the same, needing refinement, in order extract intelligent, proactive, actionable insights, to drive your business forward.
“We partnered with Retalon because Retalon has a rare combination of deep domain expertise in retailing, and a vision for how big data and predictive analytics can transform the retail industry,” says Katsnelson.
“Retalon has the intellectual property and data scientists who can apply their expertise, not just to improve day to day operational efficiency, but more importantly, to help retailers grow top line revenue.”
Coming back to our oil metaphor, the combination of IBM big data technologies and Retalon Pedictive Analytics helps retailers refine data and turn it into fuel for growing top line revenue and bottom line profits.