Retailers are looking outside their own walls for the next big thing. Competition is fierce and the stakes are high. To stay ahead, Iterate Studio co-founder Jon Nordmark says retailers must capitalize on existing strengths, stay open to new ideas and be nimble enough to act quickly.
Nordmark’s company is “a global ‘speed dating’ platform for enterprises and startups,” a sort of innovation marketplace where larger companies can partner with pioneers in emerging technologies like deep learning, robotics, 3D printing and drones.
Here’s a look at the startups that pitched retail executives at NRFtech’s inaugural “Tour of the Possible” in San Francisco.
BIG DATA AND ANALYTICS
- IBM Watson — A cognitive computing system that recognizes natural language and now has an open API with 300+ partners developing thousands of new applications
- Nara Logics — Real-time personalization that uses “neuroscience-based AI” to outperform segmentation, popularity-based algorithms and curated recommendations