In today's dynamic retail landscape, staying ahead of the curve is crucial for businesses to thrive. Technology has emerged as a game-changer, empowering retailers to navigate these hurdles and unlock new opportunities.
The COVID-19 pandemic has prompted organizations to reimagine their IT strategies to adapt to the changing times. One area that has witnessed a seismic shift is eCommerce.
A digital transformation is the adoption of digital technology to fundamentally change how an organization operates and delivers value to its customers. This can include the use of technology to automate processes, improve the customer experience, and drive innovation.
Increasing number of retail and e-commerce businesses are opting for machine learning-based inventory management. What are the advantages of such an outcome? And how can we be certain that inventory management through machine learning is the industry's future?
The retail industry is currently confronted with numerous challenges and intense competition, including customer service, active customer engagement, customer retention, and loyalty building. To address these issues, players are looking at the metaverse as a solution for recreating the in-store experience.
While many eCommerce platforms are available in the market, there are a handful of reasons why Magento has been the most popular in solving the domain's challenges. In this blog, let's take a quick look at the platform, and why you should consider it for your online store.
Emerging technologies such as Artificial Intelligence, Machine Learning, Big Data Analytics & Augmented and Virtual Reality have paved the way for digital transformation in the retail industry for years to come. This article takes you through the top technologies and trends that are transforming the retail industry and helping businesses to stay afloat in the new normal of a pandemic-struck world.
COVID-19 has brought about a sudden change in our behavior and attitudes - global consumption patterns of the retail industry have seen a sharp decline and are not predicted to go back up in the foreseeable future. Apart from changing consumer behavior, consumer safety is also a big challenge for retailers as they open their stores once more. Here are some of the ways technology can be leveraged to make the transition to a post-covid world easier for retailers worldwide.
Retailers who want to thrive in the future must leverage the vast potential that retail analytics offers. They must make smarter and faster decisions based on meaningful insights from retail analytics to ensure increased revenue, higher profits, enhanced customer engagement, and superior customer experience. In this article, we look at how retail analytics can play a significant role in helping businesses to overcome these challenges.
Digital technologies have disrupted many traditional business models, by transforming or creating a whole new business model. Uber, Airbnb, Skype, Alibaba, etc. are some of the best examples for the early disrupters who paved the way for new digital business models, thanks to digital disruption/ transformation. However, if we take the retail industry, it is […]