Power of Big Data in Retail business

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It is estimated that Walmart collects more than 2.5 petabytes of data every hour from its customer transactions. A petabyte is one quadrillion bytes.

Amazon uses Big data to reduce shipping costs by 10-40% by selecting a warehouse closest to the customer.

According to McKinsey, a retailer using Big Data to it’s fullest potential could increase it’s operating margin by 60%

Big data analytics in retail enables companies to create customer recommendations based on their purchase history resulting in personalized shopping experiences and improved customer service.

As I have given many examples before as well, how big data is used in media, automobile, software and now retail industry.

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