Datacrushers News
4 articles
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May 2018 Is The Great Newsletter Die-Off (And The Executioner Is GDPR)
The article discusses the impact of the European Unions new General Data Protection Regulation (GDPR) on companies that have been sending newsletters to their customers. GDPR requires companies to obtain active and clear consent for the use and storage of personal information, including email addresses. As a result, companies are sending out emails to ask for consent in order to comply with the regulation. Email marketing is highly valuable for companies, with a 122% return on investment. Noncompliance with GDPR can result in fines of up to €10 million or 2% of annual worldwide revenue. Some individuals see GDPR as an opportunity to unsubscribe from unwanted newsletters, while others believe it wont significantly impact businesses outside of the EU. However, there is a potential legal issue if companies didnt have initial consent and are now emailing individuals to ask for it.
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https://blog.beatstars.com/datacrushers-pro-page-2/?fbclid=IwAR0SmkIYDB0hgRw93pTFF4RQ1Rj3C0BMdMQek3JLw_CrfRv4uCbE5ORgPi4
growth-positive
As Amazon Opens First Automated Supermarket, Meet The Israeli Startups Shaking Up Shopping Tech
Amazon has opened its first checkout-free grocery store, Amazon Go, in Seattle. Shoppers scan their Amazon Go app and pass through a turnstile to enter the store. They can then pick up items and leave without needing to pay at a checkout. The store uses computer vision and machine learning software, along with hundreds of small cameras, to record purchases. Other companies, such as ShelfX, Datacrushers, and Supersmart, have also developed automated retail technologies. ShelfX offers a self-checkout solution, while Datacrushers uses machine learning and AI to reduce shopping cart abandonment in e-commerce. Supersmart has created a checkout system that uses a smartphone app to scan items and authorise payment. Amazons entry into the checkout-free grocery market is expected to drive growth and innovation in the industry.
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growth-positive
Getting to ka-ching: Israeli startup aims to stop aborted online shopping
Israeli startup Datacrushers has developed technology to identify and address shopping cart abandonment issues for e-commerce retailers. The companys software uses algorithms to detect and analyze shopper behavior, providing insights to merchants and tools to recover abandoned revenue. Datacrushers technology has been integrated by businesses such as Affirm, Segafredo-Zanetti Spa, and Skiddoo. The software is language agnostic, works with any currency, and can be easily integrated with any online platform. By combining data and analytics, the company claims to boost sales by up to 40%. Datacrushers is planning to raise $5 million in a series A round to further develop its product and expand its business in the US, Europe, and China.
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