Walmart has successfully figured out the processes of predictive analysis. It begins with data collection. Thanks to their RetailLink software, Walmart and its suppliers are able to access information about their products on a wide scale. In depth information about sales is all at their fingertips. RetailLink records every sale in every Walmart in the world. It holds information on such a microscopic level that there are companies who specialize in educating Walmart’s suppliers. Courses and consultants abound for the RetailLink software, helping the suppliers figure out how to find and interpret meaningful data from the massive RetailLink database. Data [...]

Health bands such as Fitbit and Jawbone are becoming the forefront of the technological scene. Nearly every major company is exploring the fitness band craze; Apple and Microsoft both have fitness watch components coming next year, and other companies either already have bands out or are quickly following suit. Slim wristbands are appearing on everyone, from your teenage neighbor to the CEO of your company. These bands started out as digital pedometers, measuring steps and setting goals. Now, they encompass everything from heart rate to run distance, suggesting workout plans and even noticing when you stand up. The focus [...]