Sears' bankruptcy underscores the need for tech innovation in retail

The demise of Sears provides a perfect cautionary tale. By all accounts, the former retail giant -- which was in a "death spiral for well over a decade" -- is paying a steep price for its failure to innovate in new technology. Yet, the means for Sears to do just that was available. Business technology has been advancing at a rapid pace over the past decade. Deep Learning and Artificial Intelligence (AI), along with an unprecedented availability of data, have made it possible to extract business insights like never before.