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foreign business Machines company IBM recently announced that Praktiker, a home DIY retail chain based in Bulgaria has tripled both its online earnings and in-keep purchases on account that its adoption of the enterprise’s omnichannel commerce answer 5 months ago.
Praktiker’s new website features an internet catalogue of greater than forty,000 gadgets presenting positive advice to the end person. The website has been considered through 750,000 entertaining clients in view that its launch. mainly, the regular number of visits has tripled from approximately 1500 per day at the beginning to 5000 per day at existing.
Adoption of IBM’s omnichannel commerce solutions specifically WebSphere Commerce (for both for B2B and B2C) and Sterling Order management (for proposing insights on supply and demand, order success methods) by means of retail retailers has expanded in contemporary times.
We expect that the starting to be adoption of IBM solutions (retail, Watson) will proceed to raise the good line.
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primarily, shares of IBM gained 0.43% on Tuesday. The stock has outperformed the Zacks computing device - integrated programs industry on a year-to-date foundation. whereas the industry received best 3.9% all through the length, the inventory liked 5.1%
Is IBM Poised to improvement?
We notice that competition is intensifying in the software options house with the presence of main gamers corresponding to salesforce.com’s CRM Salesforce Commerce Cloud, SAP SE’s SAP SAP Hybris and Oracle’s ORCL Oracle Commerce.
We believe that the ongoing adoption vogue for IBM’s software solutions structures augurs well for the business in the end.
As of the ultimate pronounced quarter, IBM’s Cognitive options (solutions software and transaction processing utility) revenues grew 1.four% on a yr-over-12 months basis (up 2.2% at consistent forex) to $5.30 billion.
international company Machines company salary (TTM)
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international company Machines corporation salary (TTM) | foreign enterprise Machines enterprise Quote
options utility increase turned into pushed primarily through analytics. (study greater: IBM Corp (IBM) Beats on this fall salary; FY17 View positive).
Zacks Rank
At current IBM has a Zacks Rank #three (hang). you could see the finished list of today’s Zacks #1 Rank (strong purchase) stocks here.
extra inventory information: 8 agencies Verge on Apple-Like Run
Did you miss Apple's 9X inventory explosion after they launched their iPhone in 2007? Now 2017 looks to be a pivotal yr to get in on one more emerging know-how anticipated to rock the market. Demand may leap from very nearly nothing to $forty two billion through 2025. reviews suggest it may keep 10 million lives per decade which may in turn keep $200 billion in U.S. healthcare fees.
with the aid of Jeff Berman, community news Editor · August 30, 2010
The may also announcement related to IBM’s $1.4 billion acquisition of AT&T subsidiary Sterling Commerce, a company of business-to-business integration and pass-channel options, has been made official, in accordance with enterprise officials.
With more than 18,000 consumers and established greater than 30 years in the past, Sterling is engaged in more than 1 billion business interactions per yr for purchasers in a variety of industries, together with retail, manufacturing, and distribution, among others.
Its application and related services focus on B2B integration, order administration, logistics, and move-channel promoting and success services to assist agencies join, talk and collaborate with their purchasers, companions, and suppliers to enhance revenues, in the reduction of fees, and streamline the manner organizations do enterprise, in response to IBM.
IBM officials stated that the combination of IBM and Sterling Commerce allows for the integration of key business processes throughout channels and buying and selling partners—from marketing and promoting to order administration and achievement. and that they delivered that this deal will help valued clientele combine and automate business tactics, so they can provide enhanced demand technology, customer experience and achievement. an extra benefit is that shippers should be capable of manage these strategies—and business accomplice networks—via public or deepest may computing environments, spoke of IBM.
“We now offer an entire platform for multi-business company transactions,” mentioned Craig Hayman, customary supervisor, IBM trade options, in a statement. “In aggregate with IBM’s current choices, Sterling Commerce, Coremetrics and Unica are expanding IBM’s ability to help organizations automate, manipulate and speed up core company techniques across marketing, promoting, order administration and achievement.”
In a letter to valued clientele in can also in regards to the acquisition, Heyman noted that both consumers and company partners could have entry to extensive B2B integration and multi-channel selling, order management, and logistics capabilities, and IBM’s SOA and enterprise process management options. This mixture, he said, will enable the mixing of key enterprise techniques in the course of the complete commerce lifecycle and provides purchasers the pliability to control their community of company partners through public or deepest cloud computing environments, which will translate into greater productive provide chains and sophisticated client carrier.
Sterling spokesman Joe Horine advised LM that this deal stands to improvement both corporations in a few methods.
“IBM has an integration product line that complements ours well,” observed Horine. “Our products will seem as a part of their Websphere and e-commerce facet, and we consider our order management suite will complement their products on that facet. “There are lots of synergies between the two product units that we agree with will be a good suggestion for our current shoppers and new consumers.”
while Sterling presently approaches more than 1 billion business interactions per yr, IBM continues this quantity will only grow as a result of the proliferation of digital enterprise transactions, including producers sourcing raw materials electronically and sellers automating inventory administration and managing orders on-line, among others.
IBM added that Sterling strongly enhances IBM’s middleware portfolio, and by way of buying Sterling and its enormous buying and selling community, IBM is poised to convey new go-channel functions to its customers. And Sterling’s expertise, spoke of IBM, will complement IBM’s application via adding its capabilities to IBM’s frameworks assisting several industries, including manufacturing and retail.
ARC Advisory neighborhood analyst Adrian Gonzalez commented in his Logistics point of view weblog that IBM views this deal as a way of growing its Websphere enterprise, which focuses on on-demand enterprise, business integration, utility, and transaction infrastructure.
“A subplot of this acquisition is IBM’s extra enlargement into give chain application,” wrote Gonzalez. “IBM got ILOG lower back in 2008, a provider of supply chain community design and inventory and transportation optimization options. Now it is going to add Sterling Commerce’s portfolio of warehouse management, transportation administration, and distributed order administration options. this will put IBM in direct competition with key partners like SAP, Oracle, and a few most efficient-of-breed providers. It will be wonderful to peer how IBM walks this tightrope, and the way its latest companions reply.”
Metro shoes Ltd, one among India’s leading multi-manufacturer sneakers chains, is launching a new Digital Commerce platform powered through Watson client Engagement hosted on IBM Cloud. this may consist of IBM Watson Order management and Commerce for seamless digital engagement. Working with IBM company associate CEBS worldwide, IBM options will now not handiest support force sophisticated consumer experiences and new levels of comfort however carry efficiencies to the provide chain.
With a national footprint of 350 physical showrooms, an increasing manufacturer portfolio and altering client preferences, Metro shoes Ltd was facing challenges in managing orders coming from distinctive online systems. previous dealt with via unreliable software, resulting in lack of visibility of precise-time information of revenue, inventory place and returns. apart from its stock management challenges, Metro shoes Ltd necessary to improve online presence for a few of their usual inside manufacturers which have been getting low visibility impacting standard revenue.
“know-how is redefining client engagement and will be the important thing differentiator for retail brands of the long run. We’re excited to collaborate with IBM and CEBS to embark on our digital transformation adventure,” said Alisha Malik, vice chairman, Digital, Metro shoes. “With IBM’s knowledge in the omni-channel commerce and retail house, we're assured that these adjustments will not simplest aid accelerate the execution of our approach, but also give us an edge over competition. At Metro footwear, we strongly consider that the brand new answer will raise the average user adventure, thereby expanding revisits, traffic and loyalty.”
With IBM, Metro shoes Ltd can benefit new levels of consumer perception, which may also be used to customise the online experience for every tourist as they navigate during the website. Delivered via a single platform, Metro shoes can be able to show off all of its brands and advocate selected gadgets in response to insights shared via consumers. This customized experience will encompass new and handy fulfillmentoptions similar to buy on-line, decide upon up in store, reserve in shop and easy returns. because of these new capabilities, Metro shoes can be capable of raise every visitor’s event on the web page by means of enabling commerce practitioners with cognitive tools which help them bring omni-channel experiences that interact clients and drive revenue.
With IBM’s expertise capabilities and CEBS capabilities with marketplace integration, Metro shoes as a company/seller will even be able to integrate with more than 14 e-marketplaces like Amazon, Flipkart and other leading portals with a centralized process and inventory engine to permit Metro to scale up to the needs of a turning out to be industry enterprise. further, IBM Cloud will aid carry the means to configure heavy workloads and thereby carry performance required for peak usage during the shopping season.
talking in regards to the collaboration, Nishant Kalra, enterprise unit leader – IBM Watson customer Engagement - India/South Asiaadded, “IBM is at the forefront of assisting consumers embody more moderen methods to work and digitally remodeling the manner they engage with their conclusion valued clientele. we're satisfied to be part of Metro footwear’ digital transformation adventure via providing sophisticated digital commerce event, leveraging the shops by way of merging them with on-line, and eventually driving brand advocacy. IBM in affiliation with CEBS will permit deep innovation, faster-go-to-market and streamline processes for scalability.”
The IBM platform will create a bridge between its online and offline company which the retailer up to now lacked. With the new built-in single view, Metro shoes sooner or later might be able to use insights gained from the digital realm to design particular providing for consumers as they walk into any of their stores. due to this fact, they could take into account what purchasers need, be sure availability when and where they want it and even analyze move promoting and upselling across their a considerable number of brands.
For Metro footwear, IBM Watson Order administration and Commerce solutions can pave way for IBM’s cognitive technologies to convey insights that aid them provide customers with personalised techniques and an stronger person event –from click to start.
“With over 15 years of event in developing e-enterprise tools, CEBS has been a depended on options provider and partner for groups across the globe,”said Satish Swaroop, President, CEBS international. Our positive and flexible software options paired with IBM’s deep expertise expertise will deliver Metro shoes a real-time, centralized device for consumer management.”
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Okay, this article was written earlier in 2014 with the title "5 promising Mumbai based startups that'll bloom in 2014" but the amount of inbound requests we've got from people looking to join startups in Mumbai has compelled us to extend this post. We've included more promising startups in the list and have also given an update on how the first five companies we earlier wrote about have grown.
This list initially consisted of the first five startups all of which either in stealth or just started. Here's the extended version of the article with the list of promising tech companies from Mumbai:
Haptik: A messaging app, Haptik allows consumers to connect with brands via instant messaging. The asynchronous nature of messaging along with its growing use makes this a good value proposition. The company is founded by Aakrit Vaish, ex-Flurry India Director and has been running a beta with promising results. Read their story.
Status early in 2014: We were still in product development mode. We were bootstrapped, and had about 8 employees total (2 founders, 2 full time, 1 part time, 3 interns). We launched the app on March 31, 2014.
Current Status: Haptik has processed more than 1 million messages on the Haptik platform since launching 7 months back. It has been featured by Google in the Productivity category of Google Play alongside global apps like Dropbox, Gmail, etc. The app is rated >3,000 times across the App Stores with an average rating of 4.5 out of 5. The team has grown to over 32 employees (2 Founders, 9 Full Time, 21 experts) across Mumbai and San Francisco and the company raised $1 million in seed financing from Kalaari Capital.
Toppr: Toppr is into test preparation and currently helps students prepare for IIT JEE mains (is now open for other entrance tests too). The company has a large IIT Bombay cohort behind it and has been founded by Zishaan Hayath. Earlier, Zishaan co-founded Chaupaati.com where he built the phone commerce platform. Chaupaati.com went on to get acquired by Futurebazaar.com. Now with his new startup, the stage is set for another success story.
Status early in 2014: We were a 5 member team working out of my apartment in Chandivali. We had just launched our engineering program.
Current status: We are a 40 people team. We outgrew our first office within 6 months and are now in our second office. More than 30,000 students use toppr. We now also have pre-medical and foundation courses along with engineering entrance. SAIF and Helion have backed us.
WizRocket: Founded by Anand Jain (ex-Burrp), Sunil Thomas (ex- Network18 Media and Investments) and Suresh Kondamudi (ex-Network18), WizRocket is a SaaS tool kit that tries to give better analytics. The product values people over page views and the team was recently shortlisted for a YCombinator interview as well. Even though WizRocket didn't make it, 2014 will be the year for them.
Q: What is WizRocket?
A: WizRocket provides unified analytics and messaging - 100% free, unlimited and blazingly fast.
Status early in 2014: We were busy coding up v1 of our product and pitching to VCs for funding.
Current Status: We've secured USD $1.6MM in venture funding from Accel Partners, have a team of 10 in place, working with 50 global customers, process over 600 million user actions every month and have a presence in the Valley.
Fusedcow (.net is the business domain): fusedcow Inc. was founded by Shubh Cheema and Kris Nair in Jan 2013 after a six year research on 'self learning CAD' and human centered design. fusedcow explores the intersection of product information modelling, architecture, economics, computing, data analytics and digital distribution. Kris has been involved with multiple startups before and knows the tight walk, and combined with Shubh's domain expertise, the duo make a solid team in a rather unexplored field.
For now, we only have a view from FusedCow's office
Updates:
Q:What is Fusedcow?
A: Design+Data Platform for the Construction Industry. We analyse billions of datapoints (construction info, material info, and economic info) and help construction & real estate companies worldwide in making designs faster and better.
Status early in 2014: It was more of a 'understanding the market' phase, we worked closely with one (large) customer, built stuff around their requirement, studied their end users, and slowly built a platform around it. More of non-scalable boring manual work - but it was important.
Current status: We are growing in revenue terms- more customers, better+efficient small team. 2015 order-book looks scary big and I think it is a good thing. We learned that doing non-scalable boring things is important, because it teaches you more about the market+customer. We are probably first in this space to create a data driven decision making tool - it is tough, but it is lovely to see the savings our customers make. Year 2014 was a struggle too, emotionally and financially but we also learnt that customer is the biggest investor ever.
Emportant: Co-founded by Sandeep Todi and Kanchan Kumar, Emportant is an HR & Payroll Management solution for fast growing Enterprises. The product suite is called UnComplex and their HR Apps ensure that consumers use and pay for only what they need. Sandeep and Kanchan have both worked together and have a solid experience in IT and HR domain. Kanchan is an integral part of TiE-Mumbai as well.
Emportant is still in stealth.
The new additions in this list are:
PriceBaba: It is a product research engine that helps users figure what to buy, where to buy and how much to buy it for. The focus is on mobile phones shopping as of now. (read their story)
Status early in 2014: We worked on improving our local data by a huge margin, add new cities, improve our user experience and add more products.
Current status: We served over 4.4 million visitors in October and have very valuable insights on shopping behaviour in India. We would use that to make the best product research engine for India in 2015.
Instamojo: Lets users collect payments instantly with a link. It is an out-of-the-box e-commerce framework that takes care of things ranging from payments to delivery- all a seller needs to do is share a link wherever the audience is. (read their story)
It all started in late 2010 (Instamojo was founded in 2012) when Sampad (one of the founders) started a newsletter comprising of video interviews as a side project. And there was no place to sell! The company has come a long way and has recently raised a series A round from Kalaari along with existing investors Blume and 500 Startups. Instamojo is now shifting headquarters to Bangalore though.
JustUnfollow: It helps you grow on social media the right way. (one of our TechSparks 2012 company)
Status early 2014: A team of 13, JustUnfollow had just started working on TakeOff app. The monthly app downloads were at 250k and total app downloads at 3 million+.
Current status: JustUnfollow has a team of 26 now and the TakeOff app has launched in both Android and iOS and has crossed 200,000 users. The monthly app installs are at 350K and the total app downloads is 5 Million (we are 9 Million users).
InOpen Technologies: Educational startup with focus on developing high quality academic content through deep research. InOpen offers products and services to private and public schools. The company was co-founded by Rupesh and Prof. Sridhar in Oct 2009.
Status early in 2014: We were in the transition period from a startup to a more structured organization also by streamlining the processes across organization.Team expansion was in the process and sales were in full swing to increase the client base.
Current Status: InOpen is used by 600000 students in India and abroad spread across 350+ schools to implement Computer Masti (InOpen's flagship product) in their schools. 4000 teachers have been trained on Computer Masti( CM) methodology. The content has been downloaded in 130 countries. Computer Masti has also been translated in 8 Indian and 2 foreign languages.
Sourceeasy: It is a web platform for designers, ecommerce stores, brands to source their private label apparel online, which Sourceeasy's offline network manufactures and delivers. Sourceeasy works on a per-piece markup (No Fixed costs, No Subscriptions). They clearly communicate their typical margins to be in the range of 30-50% of which it helps the customers save between 20-60% on their current buying prices. Backed by 500 Startups, Sourceeasy has operations across the globe and has recently moved HQ to USA.
Shopsense: This startup works with retailers to help them enhance their customer's shopping experience. Shopsense sits at the intersection of technology and retail to develop and deploy some smart ways to engage consumers. It is backed by Kae Capital and other investors, check out their workplace here. Shopsense operates in the B2B space and has Salman Khan's 'Being Human' chain of stores as their most prominent customer.
TinyOwl: it is a food ordering app with a vision of connecting people with their food. The app was launched in March in Powai with 50+ restaurants. Since then, TinyOwl has aggressively expanded to Mumbai, now having more than 3K restaurants. TinyOwl has also raised $3 million from Nexus and Sequoia Capital.
Team FlatChat
Flatchatapp and Grabhouse: Real estate as a sector is very hot and has seen a lot of action in 2014. Housing and Commonfloor remain the high growth startups (apart from 99acres, Magicbricks, etc.) but there have been two more promising startups.
Flatchat app allows people looking for a place and those looking for flatmates to chat with each other by matching them according to their requirements. This app has an interesting evolution story from Flat.to. Founder Gaurav Munjal started out with Flat.to which got acquired by CommonFloor and noticing a gap w.r.t messaging, Flat.to made a pivot to Flatchatapp.
Grabhouse is into broker-free online house hunting and has served close to 25,000 people till now. The company raised a seed round early in 2014 and currently operates in 4 cities. Apart from flats, Grabhouse also helps with finding flatmates.
Embibe and TestBook: Online test preparation as a sector has seen a lot of buzz and some very promising startups have emerged out of which two more are in Mumbai.
Founded by Aditi Avasthi, Embibe was started in 2012 and has focused on getting the product right to help students get through IIT JEE, BIT SAT, etc. In 2014, the company has raised $4 million from Kalaari Capital and Lightbox ventures and is now set to grow and scale.
Testbook is another startup founded by a bunch of IIT alumni who has gained traction and has reached more than 55,000 registered users. The company has raised INR 1.5 crores from Ah! Ventures and LetsVenture.
This list is in no particular order and is open to updation.
Intelligent Commerce Exchange® v1.0 enables organizations to deploy advanced Ecommerce environment, creating alternate buying path for customers, without typical high-end infrastructure, support, and license fees. It offers order-management functionality, administrative toolset, intelligent reporting module, and open architecture-based ERP integration with user maintainable data mapping. Both stand-alone and ERP integrated products are available.
Original Press Release:
AIT Business Services releases the Intelligent Commerce Exchange® Product
Pittsburgh, Pennsylvania - AIT Business Services, LLC, a leading provider of management and technical solutions for manufacturing and distribution companies, today introduced version 1.0 of Intelligent Commerce Exchange®, a solution set designed to answer the ever increasing Ecommerce demands faced by the mid-market. Building on AIT's success in the delivery of high quality Ecommerce and multi-platform integration solutions, while leveraging the company's expert resources in ERP, AIT has developed this Intelligent Commerce Exchange solution set tailored to the best of breed selling techniques of manufacturers and distributors.
"Given the increased complexity of offering a comprehensive yet convenient process of presenting products and services to their customers, mid-market manufacturers have a challenge when it comes to expanding these presentation capabilities, while controlling their costs," says Matt Wilkinson, Director of Ecommerce. "AIT's Intelligent Commerce Exchange solution set enables organizations to deploy a truly advanced Ecommerce environment, creating an alternate buying path for their customers, without the typical high end infrastructure, support, and license fees."
Additional key features of the Intelligent Commerce Exchange solution set include innovative order management functionality, a robust Administrative toolset, an intelligent reporting module, and open architecture based ERP integration with user maintainable data mapping.
"Organizations depend on ERP Integration to provide an accurate supplement of sales and administrative functionality to their customers and business partners, without the need of constant human intervention, "says Al Colcombe, Director of Technical Services for AIT. "The inherent design of the Intelligent Commerce Exchange ERP Integration eliminates the need to continuously focus on data integrity issues and integration platform support, while supplying precise, well-timed information to the commerce interface."
Both stand-alone and ERP integrated products are available using the Intelligent Commerce Exchange solution set. The AIT ICE Technology Framework is based on Microsoft technologies including .NET and Windows 2000/2003 server support.
About AIT Business ServicesFounded in 1993, AIT Business Services is a privately run consulting firm specializing in sales and service of business solutions to mid market companies in manufacturing and distribution. Operating throughout the United States and Canada, with a corporate office in San Francisco, California, AIT continues to earn the trust of clients by offering tangible solutions that address individual business needs.
For more information please visit aitbusiness.com/Ecommerce or contact:
Matt WilkinsonDirector of EcommerceAIT Business Services, LLC(614) 478-3204mww@aitbusiness.com
Al ColcombeDirector of Technical ServicesAIT Business Services, LLC(412) 380-1025ajc@aitbusiness.com
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Toppr: Toppr is into test preparation and currently helps students prepare for IIT JEE mains (is now open for other entrance tests too). The company has a large IIT Bombay cohort behind it and has been founded by Zishaan Hayath. Earlier, Zishaan co-founded Chaupaati.com where he built the phone commerce platform. Chaupaati.com went on to get acquired by Futurebazaar.com. Now with his new startup, the stage is set for another success story.
For now, we only have a view from FusedCow's office
Emportant: Co-founded by Sandeep Todi and Kanchan Kumar, Emportant is an HR & Payroll Management solution for fast growing Enterprises. The product suite is called UnComplex and their HR Apps ensure that consumers use and pay for only what they need. Sandeep and Kanchan have both worked together and have a solid experience in IT and HR domain. Kanchan is an integral part of TiE-Mumbai as well.
Team FlatChat
