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Why retailers are upping their investments in data infrastructure and advanced analytics


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As organizations continue their economic recovery efforts from the woes of the pandemic — and many look for new ways to gain competitive advantage — there is growing interest in advanced analytics and data infrastructure tools.

Most in demand are data tools that improve predictive and behavioral analysis, and that enable real-time data analysis.

One industry that is investing heavily in data infrastructure and analytics is the retail sector, including the convenience store segment. If that sounds surprising, consider this: As the country moves toward eliminating fossil fuel-based vehicles, that will eliminate a significant portion of the industry’s revenue stream. A large percentage of convenient stores sell fuel, and that is typically the biggest money generator.

To get a better sense of where retailers are investing, VentureBeat spoke with David Thompson, founder and CEO of 3 Leaps LLC, a company that helps businesses accelerate and scale automation ...


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