Retail giant’s @Walmartlabs plans to reinvent online shopping with ‘social commerce’

Posted by & filed under Business Intelligence, business models, Ecommerce, Sentiment Analysis, Twitter.

Description: Wal-Mart is hoping the two start-up mavens can reinvent its own e-commerce platform, which has lagged competitors. Source: Gobe & Date: Oct. 3, 2011 Tucked in the heart of Silicon Valley, Wal-Mart (WMT-N52.120.210.41%) has assembled a team of 70 developers, computer engineers and researchers – dubbed @WalmartLabs – in an aggressive attempt to… Read more »

Banks fight fraud with new social networking weapons

Posted by & filed under cyber terroism, Digital Policy, fraud, Privacy, Security.

Description: An older type of social network, and it’s being used to help detect fraud. It is the connections between people in the physical world. Source: Globe& Date: March 8, 2011 Banks, telecoms providers and insurance companies, among other businesses, are using analytic software to correlate all of their various data sources to produce visualizations of relationships… Read more »