12/27/2023 0 Comments Steve will do it walmart![]() ![]() ![]() And with the launch of Walmart Data Ventures in 2021, it’s looking to take its big data analytics capabilities to the next level. You can thank the Bentonville, Arkansas-based company for popularizing the point of sale (POS) systems and UPC barcodes (the RFID chip gambit hasn’t quite panned out). While and its AWS arm obviously are formidable technology foes, Walmart is no slouch in that department, as it has a long history of pioneering cost-cutting and time-saving technology into stores and the vast American consumer packaged goods (CPG) supply chain that supplies them with goods. With inflation stuck near 40-year highs and a potential glut of inventory piling up ahead of the make-or-break holiday shopping season, the stakes are high for Walmart in its ongoing brawl with for retail dominance in the US, and it’s looking to data to give it an edge. Walmart is the world’s largest company by revenue, with $570 billion in annual sales generated from more than 10,000 global stores and online sales. The catch is that the data supplied by WDV will be more detailed than what it previously provided and will be accompanied by prepackaged analytics insights. Now with its new Walmart Data Ventures arm, the retail giant is looking to monetize that type of data. For years, Walmart supplied its vast network of manufacturers and distributors with free data about sales and brand performance. ![]()
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