The evolution of customer analytics has sparked a shift in the retail landscape. Faced with increasing competitive pressures, forward-looking organizations are moving from the days of traditional market-driven strategies to a new era of data-driven customer-centric retailing.
North Carolina State University and IBM announced plans to provide every student in North Carolina access to advanced educational resources through NC State’s Virtual Computing Lab (VCL), a cloud computing-based technology. Through this cloud—which is a set of Internet-based resources—students at K-12 schools, colleges around the state and the University of North Carolina system campuses themselves will have access to the most advanced educational materials, select software applications and computing and storage resources.
Retailers face challenges from competitive discounting strategies, fluctuating consumer demand, and seasonal inventory issues. Originally developed to help supermarkets improve sales, space and category management has evolved into a “must have” for retailers.
Using Google Maps, a trio of scientists – Hyejin Youn and Hawoong Jeong, of the Korea Advanced Institute of Science and Technology, and Michael Gastner, of the Santa Fe Institute – looked at traffic routes in Boston, New York, and London. Their paper, titled “The Price of Anarchy in Transportation Networks: Efficiency and Optimality Control” [PDF] and published in the jounral Physical Letters, found that, when individual drivers seek the quickest route, they sometimes end up slowing things down for everybody. (Christian Science Monitor)