0
Following
1
Follower
0
Boost

Digital Transformation in Retail: Why Are Tech Collaborations Important?

Speak to the innovators, tech enthusiasts, and business owners hailing from different industries and you will hear them speak one word with a lot of fervour and enthusiasm – “Digital Transformation”. Apart from being a buzzword, it has also been a phenomenon which is often defined vaguely with its distorted nuances. However, the simplest way to understand this phenomenon of change is – As and when the technology reshapes itself, all the businesses need to adapt to in order to keep ahead of their competitors. Today, we will talk about digital transformation in the retail sector. Perhaps, no other industry is as affected by customer demand as much as retail. Irrespective of their location, the customers want immediate and effortless shopping experiences. Amazon Go is one of the biggest and best examples of today’s disruptive retail environment. Now, this paradigm shifts in retail business driven by expectations of customers is also giving birth to new retailer-supplier relationships. The Purpose of Retailer-Supplier Relationships Partnerships between retailers and suppliers is meant to serve customers in a better way while bringing retail transformation. Also, retailers can unlock the potential of data science and transformative solutions to create better business models. A few years ago, technology was utilized by the retailers to stand out from competitors or to demonstrate that they’re offering something new. However, those days are gone. Technology is not just a utility anymore. In fact, it is one of the most essential elements when it comes to bringing strategic digital transformation in retail products as well as operations. How Are Retailers Transforming?

Signs You Need to Migrate and Modernize your Legacy Product

You have a magnificent product which was a prime driver of business and revenue at one point in time. But, in recent times, you have observed that your product is no more yielding the results it once did, and your business is struggling. With the constant change in customer needs and increase in competition, legacy systems and products fail to make a mark in the cluttered market. So, how do you know that it is high time you need to adopt product engineering services and product modernization services? This blog will take you through five major signs that indicate that your product requires re-engineering. Your prospects are no longer interested in buying your product When your product performance analytics reveal that your customers discard it for other product options, or when your sales are dropping, or your leads are not enough, your product needs a technical facelift. Know that it is time to deploy new and advanced frameworks and run frantic promotion campaigns across social platforms and other channels to win back lost customers. Your product is dependent on manual interventions The time required by a product to capture the attention of prospects and make a credible impression on them determines its success or failure. If you still use manual means to manage warehouse processes, user details, inventory, e-commerce channels, shipment information, profit, and loss accounts, etc., your product will experience a downfall. It is an era of personalized and contemporary user experience, and your product needs to use digital methods and technologies to eradicate manual methods of delivering satisfactory user experiences.

Fleet Telematics Solution: Driving Great Business for Automotive Ecosystems

Digital transformation has become a top priority for organizations worldwide. Businesses across industries embrace a strategic approach to digital transformation and technology developments. In the automotive sector, there is a clear trend towards connected cars, Mobility-as-a-Service, IoT, and Big Data. In the case of the fleet, whether it is a shipping and delivery enterprise, or a transport agency, managing a fleet can become a challenge for the business owners. This is because it includes a lot of complex functions such as managing the drivers, keeping a track of their journeys, ensuring their safety, managing the booking, and planning, and many more. The key challenge that the fleet operators face is in handling multiple fleets manually while maintaining their service continuity. A comprehensive solution is the need of the hour at such times, to carry out fleet management seamlessly. Emerging technologies and digital solutions can be integrated into fleet operations to manage assets in the most cost-effective way. Here are some ways in which digital transformation in automotive can help improve efficiencies and reduce spending for automotive fleet providers. Data Visibility through Big Data Using data in the most organized manner can bring revolutionary changes to fleet operations. Collecting data and analysing trends can help fleet managers make more informed decisions. With digitization, the data transferred from user actions can be easily tracked in real-time. This streamlines the data collection process and allows administrators to access and filter the relevant data. Visibility into the user data collected saves a lot of time for the fleet managers and reduces issues.