News and Analysis

Companies Are Struggling to Manage IoT Data. Here’s Why

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The devices around us are getting smarter. From the consumer’s perspective, that means refrigerators are sending notifications when the milk is running low, and thermostats are turning down the temperature when there’s no movement in the house. Businesses are relying on the data generated by connected devices to improve algorithms and make their existing products even smarter, but collecting and managing large volumes of data is creating a new set of challenges.

Globally, the IoT market is expected to reach $212 billion by the end of this year. With the worldwide number of IoT-connected devices projected to top 43 billion by 2023, the challenges associated with managing large amounts of data in real-time are growing at a rapid pace.

Apps Dominate Mobile Holiday Shopping

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App fatigue, the feeling that a consumer simply cannot add yet another corporate app to her phone at a time when all enterprises seem to be competing for a place on mobile displays, is a major roadblock to successful app-based mobile strategies for retailers. But data from this holiday shopping season suggests that consumers are willing to download apps for the right incentives.

6 Ways Wearable Tech Is Reshaping Retail

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Rather than being spooked by these new retail engagement strategies, surveys show most consumers are excited by them. Sixty-seven percent of wearables owners say they find dynamic user experiences that vary based on location “useful and exciting.”

Here are six examples of strategies that retailers can employ to improve the shopping experience using wearable technology.

Commentary

The Shift in B2SMB: It’s All About Platforms

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Major changes are coming to SMB marketing as the market shifts away from media towards cloud-based services, artificial intelligence, marketing automation and location marketing. This cluster of tech movements represent real opportunities to help SMBs target and engage customers, and become more efficient.

Foursquare Data Shows Up Today in More Places Than You’d Think

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It’s remarkable to see how often Foursquare data is popping up today in the apps that garner the most consumer traffic and press attention. These votes of confidence would seem to solidify Foursquare’s position as the forefather of natively digital location data.

Report: Matching Up With Local Merchants’ Marketing Objectives

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Our analysis of local merchants shows that SMBs are spending more money on digital marketing — particularly social media and email — because they find those channels most effective. But there appears to be some missing links between new customer acquisition and their favorite tactics.

Latest Posts

Street Fight Daily: Google Expands AMP, Instagram Debuts ‘Stories’

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A roundup of today’s big stories in hyperlocal publishing, marketing, commerce, and technology… Lyft Hit a Record of 14 Million Rides Last Month… Google Expands AMP in Search Results as Retailers Join Push for Faster Mobile Web… Instagram Takes a Page From Snapchat, and Takes Aim At It, Too…

Chef’d CEO: Meal Kits Will ‘Dominate Grocery-Style Shopping Over Time’

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Few verticals have been as significantly disrupted by hyperlocal technological innovation as the food industry, and meal-kit delivery is becoming a big part of that. We caught up with Chef’d CEO Kyle Ransford to discuss the technologies underpinning the disruption of grocery retail.

Case Study: Swedish Salad Chain Boosts Impressions with Local Facebook Pages

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Rather than budgeting for large TV buys, Redfellas is working almost exclusively on using social media for low cost marketing and advertising. Specifically, the Swedish salad and smoothie chain is looking to expand its footprint on Instagram and Facebook with local store pages.

Street Fight Daily: Attribution Tech’s Star Is Rising, Mall Operator Enlists Local Startups

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A roundup of today’s big stories in hyperlocal publishing, marketing, commerce, and technology… What Yext’s Snapchat Integration Means for Brick-and-Mortar Biz… Attribution is Becoming More of a Priority for Marketers… Giant Mall Company Enlists 10 Tech Startups to Drive Brick-and-Mortar Business…

Survey: Demand for Multichannel Programmatic Is Promising

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Nearly one-third of the respondents in Street Fight’s survey who also said that local media and content was important for their marketing were thinking about such cross-channel programmatic. Interest appeared highest for marketers who found local TV effective, but also played strongly with radio and print fans.

7 Retention Marketing Platforms for SMBs

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As small and mid-size businesses move away from the once-ubiquitous daily deals platforms, they’re now funneling a great portion of their budgets toward retention marketing solutions. Here are eight examples digital platforms, each taking a unique approach to customer retention.

Street Fight Daily: Uber and Didi Close $35B Deal, Most Businesses Still Lack Mobile Strategy

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A roundup of today’s big stories in hyperlocal publishing, marketing, commerce, and technology… Uber Sells China Operations to Didi After Losing Billions… Even as Mobile Gobbles Up Web Traffic, 80% of Businesses Lack Long-Term Mobile Strategies… Excited about Google’s New Map Ads? You Should Be!…

Openings and New Hires at Zenreach, Rocketspace, TruMeasure

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Every two weeks, Geoff Michener covers some of the latest job changes taking place in this dynamic industry. This week’s edition includes moves and new openings at SweetIQ, AdviceLocal, and more.

Raise Report: New Funding for Kiip, Sprinklr, Shipt

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Every two weeks, we round up some of the biggest fundraises taking place in hyperlocal marketing, commerce, and tech. This week’s edition includes funding for Civil Maps, Brandcast, Peek.com, and Density.

LBMA Podcast: Snapchat, Life 360, McDonald’s, Google Nearby

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Welcome to This Week in Location Based Marketing, a weekly video podcast from the Location Based Marketing Association with Asif Khan and Aubriana Lopez. On the show: Uber + Digital Globe, Placed, Samsung LANdry, Snorelax Alarm Clock, Vivid VR Cinema.