[New-York City, January 2023] - As the world of retail continues to evolve rapidly, with customers exhibiting new behaviors while...
NRF 2023 : Timsoft team shares insights on the Future of Retail
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The challenges that the manufacturing industry face are numerous: declining profit margins, increased competition, rising energy costs and the challenge to deliver more to the market.
To successfully run any business in retail, a payment system manages all transactions between a brand and its customers while any purchase or refund is made. It’s one of the main components of the retail technology stack.
Being data-driven revolves around several pillars such as: the company’s vision, the company’s culture, the technology, the human capital skills, the industry or business and many other elements.
It is important to know your target audience and to understand their buying habits. This is where the DATA comes into play, which must be collected, exploited and valued in order to make the most of it.
In retail, you need to have a global visibility on the activity, on the long and short term. Having a good dashboard for your retail business allows for clear improvements in several areas.
Low-Code/No-Code is growing rapidly, and companies are now looking to use it to complete projects faster and with less effort. According to Gartner, the Low-Code market is expected to be worth an estimated $5.8 billion worldwide.
Power BI is designed by Microsoft as “a business analytics service that provides insights for making quick, informed decisions. It is a Microsoft business intelligence tool used to build and aggregate charts and dashboards.
Running a retail business requires several tools starting with Point of sale (POS) system, Order Management System (OMS), Warehouse Management System (WMS), accounting software, ERP, CRM…etc and the list goes on.
Expo 2020 is a world exposition that was scheduled in 2020 and that took place in Dubai. It is the first international expo to be held in the middle east, Africa and the south asia region (MEASA).
In order to meet market expectations, luxury brands have followed a consistent pattern to create a coordination between different customer touch points. They have thus switched from multi-channel to unified commerce.
Hyperautomation is considered by multiple IT and business leaders as a key strategy to drive their organizations’ digital transformation. Everything that can be automated will be automated in the near future.
If you are going to undertake digital transformation projects, keep in mind that there are multiple difficulties that you need to be aware of : No change management strategy, Talent shortage, Agile transformation and more.
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