Deloitte’s State of AI in the Enterprise

“Deloitte asked enterprises to identify their top AI initiatives to increase competitive advantage. Modernizing the data infrastructure for AI came first with 20%, followed by gaining access to the newest and best AI technologies at 19%. Other top choices included utilizing cloud-based AI services and capabilities (17%), deploying data science and AI development platforms (16%), and developing partnerships that will help execute AI initiatives faster (14%).”

https://www.informationweek.com/big-data/ai-machine-learning/deloittes-state-of-ai-in-the-enterprise/d/d-id/1338354

Deloitte Challenges Retailers To Look At Their Businesses Using New Retail Metrics

“Deloitte has done more than just talk about it. The firm has proposed a new retail metrics model in a report entitled “The Future of Retail Metrics: Measuring Success in a Shifting Marketplace.”

  1. Retail-profit-per-transaction
  2. Sales-per-unique-customer
  3. Enterprise value measures revenue growth, return on invested capital (ROIC) and free-case flow (FCF)”

https://www.google.com/amp/s/www.forbes.com/sites/pamdanziger/2019/09/15/deloitte-challenges-retailers-to-look-at-their-businesses-using-new-retail-metrics/amp/

US consumers love online shopping. Hate poorly design carts – Roy Edwards

I love this type of post…it’s a data goldmine.

  • Ecommerce in the US has grown rapidly. In 2017 Americans spent a total of $435 billion shopping online, according to the Ecommerce Foundation. With an annual growth rate of over 15%.
  • Even though Amazon is clearly the leading online retailer in the US with a market share of over 50%, followed by Walmart (14%) and Apple (6%)
    US consumers like to be informed about deals. 96% of shoppers report seeing recommendations while shopping, but only 17% of them find these suggestions relevant.
  • A recent Deloitte Insights survey found that more than 60 percent of shoppers prefer online channels.
  • According to a new Gartner forecast, “Global retail sector technology spending will grow 3.6 percent to reach almost $203.6 billion in 2019, with similar growth rates for the next two years.
  • What US consumers buy online?
    • Fashion (clothes, accessories, shoes) 74%
    • Travel (flight, hotels, tours) 56%
    • Digital goods 48%
    • Entertainment experiences (tickets for concerts) 47%
    • Groceries and consumer packaged goods 47%
    • Furniture 29%
    • Financial products (insurance, loans) 22%
  • https://www.enterprisetimes.co.uk/2018/11/20/us-consumers-love-online-shopping-hate-poorly-design-carts/