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Digital technology should complement rather than replace face-to-face customer interaction in retail, says GlobalData

As technology is becoming a major competitive differentiator, retailers should look to complement traditional ways of customer interaction rather than completely replacing them to provide a successful omnichannel experience, says leading data and analytics company GlobalData. Technology has transformed how retailers operate, connect with and provide services to customers. Retailers are integrating customer records, interaction […]
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Amazon, Berkshire Hathaway and JP Morgan healthcare announcement, comment from GlobalData

The announcement on Tuesday 30th January 2018 that Amazon, Berkshire Hathaway and JPMorgan are investigating ways to make health care more affordable and effective for employees and patients alike is a significant step in the intersection between health, tech and insurance. Jim Miller, President PharmSource, A GlobalData Company said: ”In their announcement the founders said […]
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Retailers need to recalibrate their approach to reach millennials, says GlobalData

Retailers should re-assess their business strategy and technological prowess by benchmarking their store layouts, systems and processes against shopping preferences of millennials and post-millennials, who are going to redefine the future of retail, says leading data and analytics company GlobalData. Pressed for time, millennial consumers look for convenience and flexibility. They expect a seamless omnichannel […]
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Local retailers in Australia need to invest in technology to compete with Amazon, says GlobalData

Amazon’s ambitious foray into Australia may push local retailers to focus on segment-specific knowledge and invest in technology for survival, says leading data and analytics company GlobalData. Online retailer Amazon, which had long kept Australia on low priority list while expanding into less developed and smaller countries, finally launched its Australian e-commerce platform late last […]
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Premium beer consumption in Vietnam more than doubled between 2011 and 2016

A storm is brewing for discount brands selling lower-quality products as Vietnamese beer drinkers are increasingly picking up premium and superpremium products from shelves, with premium beer consumption rocketing to 10 million hectoliters in 2016, according to GlobalData, a leading data and analytics company. GlobalData’s latest report ‘Vietnam Beer and Cider Market Insights 2017’ states […]
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Yakult shows how breaking with tradition can attract new consumer segments

Long-established brands like Yakult have demonstrated how to win consumer attention by being open-minded during product development, accommodative to changing consumer trends and bold enough to take risks in breaking brand tradition, according to GlobalData, a leading data and analytics company. GlobalData’s latest report ‘Success Case Study: Everyday Yakult Probiotic Dairy Drink’ draws attention to […]
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Paradise Papers: wealth managers must brace for more regulation

The Paradise Papers are likely to cause little in the way of direct implications for offshore wealth managers in Asia-Pacific, according to an analyst with GlobalData, a leading data and analytics company. Andrew Haslip, Financial Services Head of Content for Asia-Pacific, says that all the latest release will do is stoke more political appetite for […]
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How will Australian consumers and their banks benefit from the A$1 billion NPP infrastructure investment? explores GlobalData

The price tag for Australian banks to bring the country’s New Payments Platform (NPP) into operational service this year is estimated to be $785 million (A$ 1 billion). NPP is an instant payments system for Australian consumers, meeting their needs for new digital-age ways of paying for goods and services. Instant payment systems are becoming […]
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Asia Pacific is the next wealth hotspot, says GlobalData

The value of liquid assets held by the global population will exceed $100tn by the end of 2017, with frontier and emerging economies leading the way in terms of future growth according to GlobalData, a leading data and analytics company. The company’s latest report, The Global Wealth Market in 2017 which analyzes the current dynamics […]
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Fintech in good times as investments leap, says GlobalData

Fintech industry is going through good times with investor confidence rapidly catching up in this space across the globe, observes GlobalData, a provider of business informatics and analytics. A deeper look into the venture capital (VC) investments in fintech suggests that the gradual increase witnessed since 2014 has now shown a spurt in 2017. In […]
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