May 28, 2019 - iPhones worth Rs 40 lakh stolen from Ahmedabad mobile store

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From the Editor's Desk

What Boards Need to Know About AI

Being a board member is a hard job - ask anyone who has ever been one. Company directors have to understand the nature of the business, review documents, engage in meaningful conversation with CEOs, and give feedback while still maintaining positive relationships with management. These are all hard things to balance. But, normally, boards don't have to get involved with individual operational projects, especially technical ones. In fact, a majority of boards have very few members who are comfortable with advanced technology, and this generally has little impact on the company.

This is about to change, thanks to machine learning and artificial intelligence.

More than half of technology executives in the 2019 Gartner CIO Survey say they intend to employ AI before the end of 2020, up from 14% today. If you're moving too slowly, a competitor could use AI to put you out of business. But if you move too quickly, you risk taking an approach the company doesn't truly know how to manage. In a recent report by NewVantage Partners, 75% of companies cited fear of disruption from data-driven digital competitors as the top reason they're investing.

Continued here

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E-commerce meet: Piyush Goyal says no plan to allow FDI in multi brand retail
E-commerce meet: Piyush Goyal says no plan to allow FDI in multi brand retail
The US had expressed its concern about frequent changes to India’s e-commerce policies and the need for data localisation, which, it felt, were detrimental to the interests of American companies.



thealdenglobal


Snapdeal to sell Miniso products on its platform
Snapdeal to sell Miniso products on its platform
According to the company, customers for Miniso products will get an additional 15% instant discount on using Bank of Baroda credit card users, 15% cas..


Fashion brands now have a new task: Clothing the Indian tween
Fashion brands now have a new task: Clothing the Indian tween
Dubai-based Landmark Group that owns Lifestyle International is clearly delinking highschool segment from younger children.


GoQii, Flipkart settle disputes, wearables to be listed back for sale
GoQii, Flipkart settle disputes, wearables to be listed back for sale
A controversial dispute over deep discounting between the Walmart-owned ecommerce giant Flipkart and fitness wearable provider GOQii has been resolved, with GOQii products expected to back up on Fl…


Forget the Mall, Shoppers Are Buying Gucci at Airports
Forget the Mall, Shoppers Are Buying Gucci at Airports
Makers of luxury goods from liquor to perfume think they have found the antidote to the fading American shopping mall: airport terminals.


‘Catastrophic,’ ‘Cataclysmic’: Trump’s Tariff Threat Has Retailers Sounding Alarm
‘Catastrophic,’ ‘Cataclysmic’: Trump’s Tariff Threat Has Retailers Sounding Alarm
Struggling to compete against online rivals, retailers could be forced to close more stores if tariffs hit Chinese footwear, toys and apparel, analysts say.


Amazon in talks with NinjaCart to put funds in fresh produce space
Amazon in talks with NinjaCart to put funds in fresh produce space
Investment may give Amazon an entry into one of the biggest untapped segments


FMCG firms may see pick-up in demand later this year: Report
FMCG firms may see pick-up in demand later this year: Report
The likelihood of a better-than-expected monsoon in the second half is also expected to shore up demand.Mumbai-based brokerage firm Edelweiss suggested that volumes at the consumer staples firms will see an uptick in the second half of FY20


Online Market Place needs to check the genuineness of products: Bombay HC
Online Market Place needs to check the genuineness of products: Bombay HC
Metro Shoe chain had approached the court against two local firms Shoe Stations and Foothold Shoes along with two online market places Just Dial and India Mart.


How Companies like ShopX can Leverage the Unorganised Retail Sector to take E-commerce beyond Urban India?
How Companies like ShopX can Leverage the Unorganised Retail Sector to take E-commerce beyond Urban India?
Unorganised retail has a humongous opportunity, which is largely untapped.


Why this former Ola marketing head is betting on organic baby food with his Mumbai-based startup
Why this former Ola marketing head is betting on organic baby food with his Mumbai-based startup
When he became a father, Pankaj Prakash realised how difficult mealtime was for babies and parents. He soon launched Happa Foods, which offers organic, healthy, and tasty baby food in tubs and pouches.


WATCH: how these brothers left their family business to build a successful B2B online marketplace
WATCH: how these brothers left their family business to build a successful B2B online marketplace
Bengaluru-based ShakeDeal, founded by Akshay and Akash Hegde, is a B2B ecommerce platform that solves problems in the procurement and distribution space.


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