Walmart snaps up big data startup Inkiru

Walmart snaps up big data startup Inkiru

Summary: Walmart adds big data for its data scientists to sharpen its e-commerce play.

SHARE:
TOPICS: Amazon, E-Commerce
0

US retailer Walmart has acquired analytics startup Inkiru to help build its e-commerce capabilities and rival Amazon's online success.

The startup is joining WalmartLabs, the technology arm of Walmart Global eCommerce and gives the traditionally bricks and mortar retailer a predictive analytics platform to improve its site personalisation, search, fraud prevention and marketing.

Walmart has e-commerce sites in 10 markets and over 10,700 stores across the world, which it hopes to use in tandem to improve its e-commerce business. The company has a same day delivery grocery service in the US, which is still in beta, and earlier this year launched a locker service similar to Amazon's Locker pickup service.    

Earlier this week, Walmart chief Mike Duke announced the company planned expected global e-commerce sales to hit $10bn in financial year 2013. However, e-commerce is still dwarfed by the $466bn it expects to earn this year.

Inkiru will be used by Walmart's data scientists, who will be joined by several of the acquired companies own data scientists behind the platform.

The big data startup is WalmartLabs' third acquisition since May, which included platform-as-a-service OneOps, and social startup Tasty Labs.

The company that it is pursuing online is king of e-commerce, Amazon, whose revenues are still dwarfed by Walmart's overall figures, but well ahead of Walmart online. Amazon reported $16.14bn revenues in the first quarter of 2013.

Topics: Amazon, E-Commerce

Liam Tung

About Liam Tung

Liam Tung is an Australian business technology journalist living a few too many Swedish miles north of Stockholm for his liking. He gained a bachelors degree in economics and arts (cultural studies) at Sydney's Macquarie University, but hacked (without Norse or malicious code for that matter) his way into a career as an enterprise tech, security and telecommunications journalist with ZDNet Australia. These days Liam is a full time freelance technology journalist who writes for several publications.

Kick off your day with ZDNet's daily email newsletter. It's the freshest tech news and opinion, served hot. Get it.

Talkback

0 comments
Log in or register to start the discussion