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Archive for October, 2017

30
Oct

Budget: Hammond faces spending dilemma, says IFS

The chancellor is in a “very difficult position” for the 22 November Budget, a think tank says.

30
Oct

Mark Warner: Tech Millionaire Who Became Tech’s Critic in Congress

The Democratic senator from Virginia is emblematic of the shifting politics for big technology companies, which face congressional hearings this week.

30
Oct

Your Technology is Making You Inefficient and Here’s Why

In today’s fast-paced world, people rely on technology to improve the efficiency of their work. It could have the opposite effect.

30
Oct

Big Tech’s Earnings Exceed Expectations on ‘Super Thursday’

The country’s biggest tech companies might be battling criticism in Washington, but Super Thursday’s results clearly show that the public still loves them.

Amazon, Alphabet and Microsoft’s earnings went beyond what investors expected, as shares of these companies received a major boost and helped inject new momentum in the industry.

Final hour of the week: Big tech is the big story today, driving the Nasdaq to new highs! pic.twitter.com/UyzrvKXue7

— CNBC’s Closing Bell (@CNBCClosingBell) October 27, 2017

It comes as no surprise that Amazon was the biggest winner of the day, with shares leaping almost 8 percent to trade at more than $1,000 in after-hours trading on Thursday. The company’s total revenue was pegged at $43.8 billion and its pioneering cloud system, Amazon Web Services (AWS), pushed past a $4 billion quarterly revenue.

Alphabet was not far behind as its shares jumped 3 percent in aftermarket trading. The company broke through the $1,000 mark after parent company Google revealed a 24 percent increase in sales to $27.8 billion. Alphabet received a major boost from Google ads, especially in the Asian region.

Microsoft also broke records with its $82.18 shares, which rose 3.6 percent. The company also went beyond the earnings estimates pegged by investors, giving it almost $630 billion in market capitalization. Aside from profiting from its Office products, Microsoft also got a shot in the arm from its cloud service, Azure, which grew 90 percent in revenue from 2016.

Five big tech companies added about $185 billion … in one day. https://t.co/xBTlYUswei pic.twitter.com/nRYHQhpMTA

— Bloomberg (@business) October 27, 2017

The earnings from these tech companies have been dubbed “Super Thursday” by analysts from Wall Street due to how massive these companies are and because tech stocks have been a major influence in the stock market this year.

Amazon’s CEO Jeff Bezos said his company’s earnings increase was partly due to the rising demand for its smart home products, which are powered by AI assistant, Alexa. To underline his point, Bezos said the past month alone saw the launch of five Alexa-enabled devices, the AI’s integration with BMW and Sonos speakers and Alexa being introduced in India.

There’s also no denying that cloud computing also contributed to the impressive growth experienced by big tech. Azure has almost doubled its business this year, securing customers like Costco and generating an estimated $2 billion for Microsoft.

[ #DigitalEra]
Revenue Streams of the Big 5 Tech Companies#infographic#Apple #Alphabet #Amazon #Facebook #Microsoft#Cloud #SMM # pic.twitter.com/cPBB8QhZlR

— Eric Petiot ? (@PetiotEric) October 29, 2017

Amazon Web Services and the Google Cloud Platform have also landed some key accounts this year. The former has already closed deals with Hulu and General Electric while the latter will be doing business with Kohl’s and PayPal.

Research firm Canalys has estimated the cloud computing market was worth $14.4 billion in the third quarter of 2017, rising 43 percent from the previous year. Canalys also concluded that as the cloud market is still in the developing stage, it will continue to grow faster than the majority of the traditional information technology sector.

[Featured image via Pixabay]

The post Big Tech’s Earnings Exceed Expectations on ‘Super Thursday’ appeared first on WebProNews.

30
Oct

A bachelor never quite gets over the idea that he is a thing of beauty and a boy forever. …

A bachelor never quite gets over the idea that he is a thing of beauty and a boy forever. Helen Rowland (1876 – 1950)

29
Oct

It was the best of times, it was the worst of times, it was the age of wisdom, it was the age of foo …

It was the best of times, it was the worst of times, it was the age of wisdom, it was the age of foolishness, it was the epoch of belief, it was the epoch of incredulity, it was the season of Light, it was the season of Darkness, it was the spring of hope, it […]

29
Oct

5 Ways Retailers Can Beat Amazon This Holiday Season

There’s no denying that when it comes to holiday shopping, Amazon is the company to beat. The past few years saw the retail giant’s sales figures going up, especially during the holidays, as thousands of consumers opt to shop online because of convenience. As a matter of fact, the internet retailer accounted for 33.8% of online visits during the last two months of 2016.

While retailers and small businesses can’t hope to match Amazon’s numbers this year, they can still do something to beat it at its own game. Here are ways that retailers can get a leg up on Amazon:

Capture Consumers Attention During Vital Shopping Days

Amazon will always be in the minds of countless shoppers during the holiday season, mainly because of convenience and fast delivery. So how can retailers compete with this? By finding a way to capture the consumer’s attention and imagination. One of the best ways to do this is to come up with a marketing campaign that highlights the company’s values in order to target loyal and high-converting clients.

Image result for #optoutside

Companies like REI did this by closing its doors on Thanksgiving and Black Friday and encouraging customers to spend the day outside instead with its #optoutside campaign. The movement inspired state parks to waive their entry fees and saw companies like Subaru and Outdoor Research teaming up REI to promote outdoor recreation. And even though REI closed its doors on Black Friday, the campaign generated a 26% boost in online traffic on that day.

Treat Each Shopper as a Unique Individual

One of Amazon’s weaknesses is its one-size-fits-all approach to its consumers. This means everyone gets the same deals and prices. But retailers can go in the opposite direction and show consumers that their unique and individual needs are taken seriously. They can come up with customized offers for different types of shoppers, like loyal consumers, senior shoppers or first-time buyers. Retailers can also ensure that the content and offers in their email ads are designed for each particular group of shoppers.

Streamline Your Shopping Cart

There’s no question that the ease that someone can order from Amazon is a contributing factor to its popularity. In order to compete in the same league as Amazon, retailers should take a critical look at their shopping cart and see what their customers’ experience. They should pay particular attention to details like the number of steps it takes to fill their cart, the number of decisions that the customer must make during the checkout stage (ex. gift wrapping, shipping) and whether every step is necessary. Retailers should consider whether some steps can be streamlined by combining decisions and actions. After all, there’s nothing more frustrating than spending more than 10 minutes just trying to pay for something you want.

Offer Worry-Free Shipping and Returns

Free shipping is now the norm.While this might be a huge obstacle for some companies, there’s no denying that it’s what customers are now expecting from online retailers. There’s no better way to drive your customers to Amazon than by having high shipping costs during the holiday season. But aside from implementing this strategy, retailers should also ensure that they push this message to their consumers, like through the company’s homepage, pop-ups and social media ads. Promoting free shipping to your website’s visitors will also give them an additional incentive to browse through and hopefully purchase something.

Retailers should also take advantage of Amazon’s less than stellar reputation when it comes to returns. Designing a system where shipping and returns won’t become a thorn on the shopper’s mind will definitely give a retailer an edge over Amazon.

Provide Special Touches

Image result for gift wrapping

Customers will definitely love the special touches that companies offer, particularly during the busy holiday season. A simple gift-wrapping service or a program for storing items purchased ahead of time and to be delivered close to the holidays will be appreciated. Knowing that the company has taken the time to make life easier during this busy season will be more than enough to keep them coming back.

Amazon might be an eCommerce behemoth, but small retailers can still hold their own against it. Remember that the best way to compete with such a big company is to look at the details it neglects and to give customers a truly personalized experience.   

[Featured image via Pixabay]

The post 5 Ways Retailers Can Beat Amazon This Holiday Season appeared first on WebProNews.

29
Oct

Limit on 401(k) Savings? It’s About Paying for Tax Cuts

“This is not a retirement security story,” a tax expert says. It’s about finding revenue to pay for reductions in business taxes sooner rather than later.