As retailers brace for the next stage of evolution of the industry, they have realized how critical data is. In their bid to transform their operations and make better decisions, they are investing heavily in big data analytics solutions. However, these investments need to be made carefully.
Over the past decade retail industry has undergone a transformative phase. Retailers have witnessed a monumental shift in the way customers look to engage with them. Brand loyalties have become fickle and longstanding business models have been disrupted. The shift in linear thinking has led to an influx of technologies.
Technology and digital transformation have impacted retail industry beyond imagination. The third wave of retail disruption has set in. Retailers are already talking about smart retail and intelligent enterprise. What does this mean? It means you implement cognitive automation and RPA for a lean process. You optimize supply chains, make decisions based on real-time data, and make digital an integral part of your operations.
In the current scenario of digital transformation landscape, Robotic Process Automation is becoming one of the most trending tools to solve most of the drawbacks of your business processes.
Microservices architecture is an architectural approach that connects independent business functionalities in the form of microservices to build complex business applications. Leveraging microservices architecture, a large application can be built as a suite of modular components or services.
Robotics process automation – also popularly referred to as RPA – is witnessing a surge in popularity lately. The addition of cognitive technologies and AI algorithms to RPA has ushered in a new age of intelligent automation.
As retail brands are moving towards a more digital existence, they are piling up technical debt at an unprecedented rate. The CIOs and CTOs are highly conscious about this growing burden and its crushing repercussions. But for the non-technical leaders of the business, this debt sounds more like a mythical figure than an actual threat.
Retail industry is undergoing a transformative phase right now. Most of the retailers are looking to leverage technology to ensure their business is relevant and appealing enough to the modern digital customer. But the one technology that is really giving retailers a competitive advantage in the market is Robotics Process Automation & Cognitive AI.
Digital transformation has become an industry buzzword. So much so that it is dominating retail industry conferences, panel discussions, business summits, etc. While some leaders are terming it as their biggest business enablers, some are admitting that it is one of their biggest challenges.