Friday, July 1, 2022
Techiexpert.com
No Result
View All Result
  • Login
  • Register
Exclusive Videos
  • Tech news
  • Startup news
  • Artificial Intelligence
  • IOT
  • Big Data
  • Cloud
  • Data Analytics
  • Machine Learning
  • Blockchain
  • Social Media
  • Tech news
  • Startup news
  • Artificial Intelligence
  • IOT
  • Big Data
  • Cloud
  • Data Analytics
  • Machine Learning
  • Blockchain
  • Social Media
No Result
View All Result
TechiExpert
No Result
View All Result

Lowe’s Acquires Retail Analytics Platform From Boomerang Commerce

Sony T by Sony T
May 24, 2019
in Tech news
Reading Time: 1 min read
Lowe's Acquires Retail Analytics Platform From Boomerang Commerce 1
9
SHARES
134
VIEWS
Share on FacebookShare on Twitter

NYSE listed home improvement company Lowe Companies Inc, has now acquired the retail analytics platform of Boomerang commerce for bolstering its technological capabilities.

The technology platform will be integrated into the Lowe’s core retail business to facilitate the data-driven and strategic pricing, a company revealed in a statement. Merchandise assortment decisions will be better implemented by harnessing this technology, the statement revealed.

Boomerang platform processes product and pricing datasets to convert them into the actionable outcomes. This acquisition is also designed to assist in digitalizing and modernizing the Lowe approach to pricing.

“One of the key components of our transformation here at Lowe’s is to modernize our technology. Pricing and assortment planning have been identified as strategic areas in need of modernization,” said Seemantini Godbole, Lowe’s chief information officer. “When we find the right assets to buy and advance our strategy, we will pursue that,” she added.

Lowe acquisition includes both the tools and technology for the Boomerang retail analytics platform. Moreover, it even excludes customer contracts and some of the related data. As a part of the deal, some of the associates from the retail analytics team in the US and Bangalore will join the Lowe.

Lowe which was founded in the year 1946, is based out of the North Carolina and even operates in both the Canada and US. It as of now serves to more than 18 Million customers, according to the report which has been revealed.

Boomerang is an analytics firm founded in the year 2012 by the Hariharan. The San Francisco based retail analytics provider has also recently secured the Series B funding round which is led by the Shasta ventures.

Share4Tweet2Share1Pin1

Related Posts

Telemedicine Business
Tech news

Telemedicine or e-medicine: What is it?

Ways Data Analysis has changed customer reward programs
Tech news

Ways Data Analysis has changed customer reward programs

Digital Learning face recognition
Tech news

Here’s why Deep Learning might not be enough for celebrity face recognition

VPS Helps Forex Trading
Tech news

Staying Safe When Trading on a Trading App

Mozilla launches Thinderbird for android
Tech news

Mozilla launches Thinderbird for android

Most Read

  • How to Track Someone’s iPhone by Phone Number?

    How to Track Someone’s iPhone by Phone Number?

    393 shares
    Share 157 Tweet 98
  • Top 5 car automation trends to know

    196 shares
    Share 78 Tweet 49
  • Is Parody Coin investment a Good Investment?

    78 shares
    Share 31 Tweet 20
  • What is windows modules installer ? How to Enable/Disable

    1239 shares
    Share 496 Tweet 310
  • Tips to Reduce Your Website Hosting Costs

    875 shares
    Share 350 Tweet 219
  • How to Track Activities an Instagram account?

    84 shares
    Share 34 Tweet 21

Recent Stories

Hyperlocal marketplace Urvann raises Rs. 3 Cr in Seed Round led by IPV

Hyperlocal marketplace Urvann raises Rs. 3 Cr in Seed Round led by IPV
Share5Tweet3Share1Pin1

Does domain extensions impact SEO standards

Does domain extension impact SEO standards
Share4Tweet3Share1Pin2

How Enterprise Blockchain can enable Privacy Preservation

How Enterprise Blockchain can enable Privacy Preservation
Share5Tweet3Share1Pin1

How to flip NFT’s

How to flip NFTs
Share4Tweet3Share1Pin1
  • Terms of use
  • Privacy Policy
  • About Us
  • Contact us
  • Write For Us
  • Cookie Policy

© 2022 All Rights Reserved

No Result
View All Result
  • Tech news
  • Startup news
  • Artificial Intelligence
  • IOT
  • Big Data
  • Cloud
  • Data Analytics
  • Machine Learning
  • Blockchain
  • Social Media

© 2022 All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Cookie Law Notice
This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Cookie settingsACCEPT
Privacy & Cookies Policy

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT