Collecting and analysing data isn't anything new so why do we suddenly have a whole new field and what is it all about anyway? We examine all things data and demystify Data Science once and for all.
There’s a tendency for CIOs to see everything as risk and central to their role is the need to mitigate risk. However, there is an exciting opportunity to step outside of this bubble. A chance to realise significant business value, with the CIO as the owner and champion of the initiative. What we're talking about here is implementing Data Science strategies.
The notion of Retail Agility is underpinned by the idea of four pillars, working in concert, that help the idea of agility take hold and flourish. We've previously examined how culture and the journey play their part. Now let's examine the final two pillars: technology and your partnerships.
The threats for businesses are coming from all angles, meaning that relying on the tried and tested is risky strategy. We know the answer is Retail Agility - let’s examine the importance of culture and the journey to achieving it.
If you think back to how shopping has changed in the last 5, 10 and 20 years you know that the speed of change is getting ever quicker. It's no longer just one change either such as the move from department stores to shopping malls. Instead, the changes are coming thick and fast and from all angles and many retailers are struggling to keep up. The businesses that thrive are blessed with retail agility.
While much of the focus in the changing retail landscape has been on the selling experience for customers, some of the more seismic changes with omnichannel have been about product delivery. Delivery can cause a number of issues for retailers and customers, however it also offers the chance to close the loop and offer a complete omnichannel experience.
The retail landscape is evolving rapidly and we've seen a number of trends emerge starting with shopping centres in the 1940s, club, discount and chain stores in the 70s and eCommerce in the 90s. With online shopping in play, the speed of retail innovation is increasingly rapidly. This means there's never been more pressure to stay ahead of the pack and more opportunity if they identify opportunities early.
As the 7th and final entry in our 2016 Outlook series, let’s take a closer look at APIs. We'll examine their importance as a strategic business tool, how some of the fastest growing organisations are building their business using APIs and how APIs are changing the modern retail experience.
Big Data is a growing concern in the rapidly evolving technology and Cloud space, yet for many companies there is difficulty in getting the answer to the important questions: ‘How can I use Big Data?’ and ‘How will it help my business?’ Continuing our 2016 Outlook series, let's look at Big Data, investigate why and how businesses are using it and how it could change your business.
As part of our 2016 Outlook series, we'll look at the importance of being Agile, the role of DevOps culture and what the bigger picture looks like for organisations.