{"id":28258,"date":"2022-01-17T20:39:33","date_gmt":"2022-01-18T04:39:33","guid":{"rendered":"https:\/\/insidebigdata.com\/?p=28258"},"modified":"2022-01-17T20:39:36","modified_gmt":"2022-01-18T04:39:36","slug":"databricks-launches-data-lakehouse-for-retail-and-consumer-goods-customers","status":"publish","type":"post","link":"https:\/\/insidebigdata.com\/2022\/01\/17\/databricks-launches-data-lakehouse-for-retail-and-consumer-goods-customers\/","title":{"rendered":"Databricks Launches Data Lakehouse for Retail and Consumer Goods Customers"},"content":{"rendered":"\n<p class=\"has-text-align-center\"><em>The Databricks Lakehouse for Retail launches with early support from leading partners including Tredence\u00a0<\/em><\/p>\n\n\n\n<div class=\"wp-block-image is-style-default\"><figure class=\"alignright size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"146\" height=\"128\" src=\"https:\/\/insidebigdata.com\/wp-content\/uploads\/2022\/01\/Databricks_logo_2022.png\" alt=\"\" class=\"wp-image-28259\"\/><\/figure><\/div>\n\n\n\n<p><a href=\"https:\/\/databricks.com\/\" target=\"_blank\" rel=\"noreferrer noopener\">Databricks<\/a>, the Data and AI company and pioneer of the data lakehouse architecture, announced the <em>Databricks Lakehouse for Retail<\/em>, the company\u2019s first industry-specific data lakehouse for retailers and consumer goods (CG) customers. With Databricks\u2019 Lakehouse for Retail, data teams are enabled with a centralized data and AI platform that is tailored to help solve the most critical data challenges that retailers, partners, and their suppliers are facing. Early adopters of Databricks\u2019 Lakehouse for Retail include industry-leading customers and partners like\u00a0 Walgreens, Columbia, H&amp;M Group, Reckitt, Restaurant Brands International, 84.51\u00b0(a subsidiary of Kroger Co.), Co-Op Food, Gousto, Acosta and more.\u00a0<\/p>\n\n\n\n<blockquote class=\"wp-block-quote\"><p>\u201cAs the retail and healthcare industries continue to undergo transformative change, Walgreens has embraced a modern, collaborative data platform that provides a competitive edge to the business and, most importantly, equips our pharmacists and technicians with timely, accurate patient insights for better healthcare outcomes,\u201d said Luigi Guadagno, Vice President, Pharmacy and HealthCare Platform Technology at Walgreens. \u201cWith hundreds of millions of prescriptions processed by Walgreens each year, Databricks\u2019 Lakehouse for Retail allows us to unify all of this data and store it in one place for a full range of analytics and ML workloads. By eliminating complex and costly legacy data silos, we\u2019ve enabled cross-domain collaboration with an intelligent, unified data platform that gives us the flexibility to adapt, scale and better serve our customers and patients.\u201d<\/p><\/blockquote>\n\n\n\n<blockquote class=\"wp-block-quote\"><p>&#8220;Databricks has always innovated on behalf of our customers and the vision of lakehouse helps solve many of the challenges retail organizations have told us they&#8217;re facing,&#8221; said Ali Ghodsi, CEO and Co-Founder at Databricks. &#8220;This is an important milestone on our journey to help organizations operate in real-time, deliver more accurate analysis, and leverage all of their customer data to uncover valuable insights. Lakehouse for Retail will empower data-driven collaboration and sharing across businesses and\u00a0 partners in the retail industry.&#8221;<\/p><\/blockquote>\n\n\n\n<p>Databricks\u2019 Lakehouse for Retail delivers an open, flexible data platform, data collaboration and sharing, and a collection of powerful tools and partners for the retail and consumer goods industries. Designed to jumpstart the analytics process, new Lakehouse for Retail Solution Accelerators offer a blueprint of data analytics and machine learning use cases and best practices to save weeks or months of development time for an organization\u2019s data engineers and data scientists. Popular solution accelerators for Databricks\u2019 Lakehouse for Retail customers include:<\/p>\n\n\n\n<ul><li><a href=\"https:\/\/databricks.com\/blog\/2021\/09\/09\/real-time-point-of-sale-analytics-with-a-data-lakehouse.html\" target=\"_blank\" rel=\"noreferrer noopener\">Real-time Streaming Data Ingestion<\/a>: Power real-time decisions critical to winning in omnichannel retail with point-of-sale, mobile application, inventory and fulfillment data.<\/li><li><a href=\"https:\/\/databricks.com\/solutions\/accelerators\/demand-forecasting\" target=\"_blank\" rel=\"noreferrer noopener\">Demand forecasting<\/a> and <a href=\"https:\/\/databricks.com\/blog\/2020\/01\/27\/time-series-forecasting-prophet-spark.html\" target=\"_blank\" rel=\"noreferrer noopener\">time-series forecasting<\/a>: Generate more accurate forecasts in less time with fine-grained demand forecasting to better predict demand for all items and stores.<\/li><li><a href=\"https:\/\/databricks.com\/blog\/2020\/12\/18\/personalizing-the-customer-experience-with-recommendations.html\" target=\"_blank\" rel=\"noreferrer noopener\">ML-powered recommendation engines<\/a>: Specific recommendations models for every stage of the buyer journey &#8211; including neural network, collaborative filtering, content-based recommendations and more &#8211; enable retailers to create a more personalized customer experience.&nbsp;<\/li><li><a href=\"https:\/\/databricks.com\/blog\/2020\/06\/03\/customer-lifetime-value-part-1-estimating-customer-lifetimes.html\" target=\"_blank\" rel=\"noreferrer noopener\">Customer Lifetime Value<\/a>: Examine customer <a href=\"https:\/\/databricks.com\/blog\/2020\/07\/15\/analyzing-customer-attrition-in-subscription-models.html\" target=\"_blank\" rel=\"noreferrer noopener\">attrition<\/a>, better predict behaviors of churn, and segment consumers by lifetime and value with a collection of customer analytics accelerators to help improve decisions on product development and personalized promotions.<\/li><\/ul>\n\n\n\n<p>Additionally, industry-leading Databricks partners like Tredence are driving lakehouse vision and value by delivering pre-built analytics solutions on the lakehouse platform that address real-time customer use cases. Tailor-made for the retail industry, featured partner solutions and platforms include:<\/p>\n\n\n\n<p><strong>Tredence <\/strong>will meet the explosive enterprise Data, AI &amp; ML demand and deliver real-time transformative industry value for their business by delivering solutions for Lakehouse for Retail. The partnership first launched the <a href=\"https:\/\/databricks.com\/blog\/2021\/08\/24\/improving-on-shelf-availability-for-items-with-ai-out-of-stock-modeling.html\" target=\"_blank\" rel=\"noreferrer noopener\">On-Shelf Availability Solution<\/a> (OSA) accelerator in August 2021, combining Databricks&#8217; data processing capability and Tredence&#8217;s AI\/ML expertise to enable Retail, CPG &amp; Manufacturers to solve their trillion dollar out-of-stock challenge. Now with Lakehouse for Retail, Tredence and Databricks will jointly expand the portfolio of industry solutions to address other customer challenges and drive global scale together.<\/p>\n\n\n\n<p><em>Sign up for the free insideBIGDATA&nbsp;<a rel=\"noreferrer noopener\" href=\"http:\/\/insidebigdata.com\/newsletter\/\" target=\"_blank\">newsletter<\/a>.<\/em><\/p>\n\n\n\n<p><em>Join us on Twitter:&nbsp;@InsideBigData1 \u2013 <a href=\"https:\/\/twitter.com\/InsideBigData1\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/twitter.com\/InsideBigData1<\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Databricks, the Data and AI company and pioneer of the data lakehouse architecture, announced the Databricks Lakehouse for Retail, the company\u2019s first industry-specific data lakehouse for retailers and consumer goods (CG) customers. With Databricks\u2019 Lakehouse for Retail, data teams are enabled with a centralized data and AI platform that is tailored to help solve the most critical data challenges that retailers, partners, and their suppliers are facing.<\/p>\n","protected":false},"author":10513,"featured_media":28259,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[526,65,115,64,201,180,67,56,78],"tags":[437,326,432,277,96],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Databricks Launches Data Lakehouse for Retail and Consumer Goods Customers - insideBIGDATA<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/insidebigdata.com\/2022\/01\/17\/databricks-launches-data-lakehouse-for-retail-and-consumer-goods-customers\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Databricks Launches Data Lakehouse for Retail and Consumer Goods Customers - insideBIGDATA\" \/>\n<meta property=\"og:description\" content=\"Databricks, the Data and AI company and pioneer of the data lakehouse architecture, announced the Databricks Lakehouse for Retail, the company\u2019s first industry-specific data lakehouse for retailers and consumer goods (CG) customers. With Databricks\u2019 Lakehouse for Retail, data teams are enabled with a centralized data and AI platform that is tailored to help solve the most critical data challenges that retailers, partners, and their suppliers are facing.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/insidebigdata.com\/2022\/01\/17\/databricks-launches-data-lakehouse-for-retail-and-consumer-goods-customers\/\" \/>\n<meta property=\"og:site_name\" content=\"insideBIGDATA\" \/>\n<meta property=\"article:publisher\" content=\"http:\/\/www.facebook.com\/insidebigdata\" \/>\n<meta property=\"article:published_time\" content=\"2022-01-18T04:39:33+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-01-18T04:39:36+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/insidebigdata.com\/wp-content\/uploads\/2022\/01\/Databricks_logo_2022.png\" \/>\n\t<meta property=\"og:image:width\" content=\"146\" \/>\n\t<meta property=\"og:image:height\" content=\"128\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Editorial Team\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@insideBigData\" \/>\n<meta name=\"twitter:site\" content=\"@insideBigData\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Editorial Team\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/insidebigdata.com\/2022\/01\/17\/databricks-launches-data-lakehouse-for-retail-and-consumer-goods-customers\/\",\"url\":\"https:\/\/insidebigdata.com\/2022\/01\/17\/databricks-launches-data-lakehouse-for-retail-and-consumer-goods-customers\/\",\"name\":\"Databricks Launches Data Lakehouse for Retail and Consumer Goods Customers - insideBIGDATA\",\"isPartOf\":{\"@id\":\"https:\/\/insidebigdata.com\/#website\"},\"datePublished\":\"2022-01-18T04:39:33+00:00\",\"dateModified\":\"2022-01-18T04:39:36+00:00\",\"author\":{\"@id\":\"https:\/\/insidebigdata.com\/#\/schema\/person\/2949e412c144601cdbcc803bd234e1b9\"},\"breadcrumb\":{\"@id\":\"https:\/\/insidebigdata.com\/2022\/01\/17\/databricks-launches-data-lakehouse-for-retail-and-consumer-goods-customers\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/insidebigdata.com\/2022\/01\/17\/databricks-launches-data-lakehouse-for-retail-and-consumer-goods-customers\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/insidebigdata.com\/2022\/01\/17\/databricks-launches-data-lakehouse-for-retail-and-consumer-goods-customers\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/insidebigdata.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Databricks Launches Data Lakehouse for Retail and Consumer Goods Customers\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/insidebigdata.com\/#website\",\"url\":\"https:\/\/insidebigdata.com\/\",\"name\":\"insideBIGDATA\",\"description\":\"Your Source for AI, Data Science, Deep Learning &amp; 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