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Indian Engineers helping Walmart to take on Amazon
February 04, 2020
Amazon has hit nearly every US retailer harmfully except for Walmart.
Walmart is twice as big as Amazon over $500 billion in revenue, its share price rose 27% much quicker than Amazon and fastest among the Dow Jones Index. The stock price wave began in late 2015. At this time the company started on a digital transformation itself.
A transformation took place in Walmart Labs (Bengaluru), one of India’s largest R&D engineering departments. “We have transformed and evolved here in the last three years,” head of the lab said.
The focus of the company is on two things, one, use data far more efficiently with technologies like big data and AI/ML, to reduce costs and do personalization and two, provide a great omnichannel experience combine Walmart’s traditional offline strength with online capabilities to create new experiences.
VP of customer technology at Walmart Labs India stated that it is also operating very well in product substitutions.
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