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Wednesday, March 27, 2019

McDonald's Acquires Dynamic Yield for Decision Logic

Companies leveraging advanced analytic methods for their data by acquisition.  Have recently stood in front of McDonald's store kiosk and after looking for the coffee I wanted, wondered  what recommendation it should suggest, and what data and context it had at hand to make that recommendation.

McDonald's Bites on BigData with $300 Million Acquisition By Brian Barrett in Wired  

Mention McDonald’s to someone today, and they're more likely to think about Big Mac than Big Data. But that could soon change: The fast-food giant has embraced machine learning, in a fittingly super-sized way.

McDonald’s is set to announce that it has reached an agreement to acquire Dynamic Yield, a startup based in Tel Aviv that provides retailers with algorithmically driven "decision logic" technology. When you add an item to an online shopping cart, it’s the tech that nudges you about what other customers bought as well. Dynamic Yield reportedly had been recently valued in the hundreds of millions of dollars; people familiar with the details of the McDonald’s offer put it at over $300 million. That would make it the company's largest purchase since it acquired Boston Market in 1999.  ... " 

and also:

McDonald’s to use A.I. to tempt you into extra purchases at the drive-thru  By Trevor Mogg in DigitalTrends   ...  "

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