AI Articles and Analysis in Consumer goods

Per Alibaba’s annual report, its revenue in 2021 exceeded 717 billion yuan (approximately 109 billion U.S. dollars), while its active yearly customers reached nearly 1.3 billion people. As of March 2022, Alibaba trades on the NYSE and has an approximate market cap of $225 billion.

Dick and Mac McDonald opened the first McDonald’s restaurant in San Bernardino, California in 1940. By the end of the decade, the restaurant added its now-famous French fries. Ray Kroc joined the growing organization in 1954, purchased it in 1961, and served as its CEO into the early 1970s. Over the next decades, the restaurant chain grew, adding its drive-thru concept, Hamburger University, and iconic menu items like its Filet-O-Fish, Big Mac, and Quarter Pounder sandwiches. 

Founded in 1984 by two computer scientists from Stanford University, Cisco Systems developed the local area network (LAN) concept and achieved a market capitalization of $224 million by the time of its IPO in 1990. Today, Cisco manufactures and markets telecommunications technology as well as other high-technology products and services.

As far back as 2018 when we surveyed over forty banking industry leaders to discover the biggest issues with AI adoption, enterprise culture was already emerging as top of mind. Since then, we have found similar frustrations around enterprise culture in every industry. More than lack of data science talent, lack of appropriate culture serves as the largest and most consistent barrier to adoption.

This article has been sponsored by iMerit Technology and was written, edited, and published in alignment with Emerj’s sponsored content guidelines.

This article has been sponsored by IBM, and was written, edited, and published in alignment with Emerj’s sponsored content guidelines.

Nike was founded as Blue Ribbon Sports in 1964 and originally operated as a distributor for athletic shoes made by a Japanese firm. By 1971, Nike sold its own line of shoes and began using the company’s iconic Swoosh design. By the time Nike went public in 1980, the company had achieved a 50% market share in its domestic athletic shoe market.   

Square is a financial services company that aims to “build common business tools in unconventional ways so more people can start, run and grow their businesses.” Founded in 2009 in San Francisco by Twitter Co-Founder Jack Dorsey and Jim McKelvey, Square reports total net revenue of $9.5 billion for 2020.