The retail industry has changed dramatically in the digital age where everything is connected, requiring retailers to continue to innovate to better serve customers’ diverse needs, speakers have said at a one-day summit held in Ho Chi Minh City.

According to Techopedia, Big data refers to a process that is used when traditional data mining and handling techniques cannot uncover the insights and meaning of the underlying data. Data that is unstructured or time sensitive or simply very large cannot be processed by relational database engines.

Both Big Data and the IoT are the biggest names in the technology trend these days. There are definitely differences between the two, but there are also similarities that boost systems and operations.

“Thirty years ago, you would’ve been hard-pressed to find a vice president of supply chain at any retailer,” says Rick Schart, SVP of supply chain and ecommerce at Stein Mart. He started in the industry over 40 years ago in a very different environment — technology has been the biggest catalyst to evolution, and today computer systems for everything from warehouse management to transportation makes the job easier. Still, with the “incredible technology, and sophistication and complexity of it,” Schart says, it’s “more like rocket science.”

OpenGov speaks to Mr. Cyril Perducat, Executive Vice President Digital Services & IoT, Schneider Electric

In the first week of October, Prof. C. John Langley of Penn State University released his 22nd Annual Third-Party Logistics Study, which captures the state of the industry by surveying shipping and logistics professionals worldwide and conducting intensive workshops with industry leaders at Google’s headquarters in Mountain View, CA. The study contains particularly useful findings for understanding the ever-growing role of data and analytics in the shipping and logistics industries and points to new opportunities that have so far been underexploited.

The promise of more data and better insights into customers is causing more FMCG brands to test direct-to-consumer models but few have found the recipe for success yet.

The way the world gets from A to B is undergoing a profound transformation, driven by advancements in big-data analysis, artificial intelligence (AI) and the Internet of Things (IoT). While selfdriving cars have captured imaginations worldwide with the promise of safer roads, smoother commutes and less congestion, they are only one part of the greater smart mobility story.

(Reuters) - If history is a guide, Uber Technologies new Chief Executive Dara Khosrowshahi is likely to dangle data sharing and a promise to pay fines and fees when he sits down with London officials to negotiate the ride service’s future in one of its most important markets.