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Friday, October 5, 2012

SAP's New Retail Software Uses Big Data To Make You Buy More Stuff

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Not so long ago, the most advanced piece of technology present at the intersection of consumer and retailer was the cash register. Today, buyers are bringing their own technology on their shopping trips - and trailing a very revealing online data footprint. One big enterprise software company is promising retailers new technology that will let retailers leverage that information to market to those consumers in real-time.

For retailers and tech companies that serve them, billions of dollars are up for grabs. If there were any doubts that there was real money to be made leveraging big data to create custom marketing pitches in real time, those doubts should be shattered by Tuesday's entrance of mega-software corporation SAP into the retail tech frenzy. The move is the equivalent of an elephant walking into a room of working mice and telling everyone, "I've got this."


SAP's product is a new implementation of its upcoming NetWeaver Cloud called SAP Precision Retailing that uses the consumer's location, social profile, needs and the time at which they are conducting their business to generate relevant content (including discounts and special deals) designed to get that particular consumer to make the purchases the retailer desires. Technology, then, as virtual salesperson.

SAP's Creepy New Retail Software Uses Big Data To Make You Buy More Stuff

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