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Big Data Meets the Cloud: Strategies for Real-Time Retail Insights

  • Big data and cloud computing are revolutionizing the retail industry by providing real-time insights.
  • Big data refers to massive volumes of data generated in retail, while cloud computing allows storage and processing of this data on remote servers.
  • Real-time insights enable retailers to react quickly to market conditions, optimize inventory, and enhance customer satisfaction.
  • However, integrating disparate data sources, high costs, privacy concerns, and the need for skilled personnel are challenges that retailers face in leveraging big data and the cloud.

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