Tuesday, March 24, 2015

Key components of retail industry

Thus, with the advent of the internet, and now mobile and social media, the retail landscape has undergone a seismic shift. Channels including the web, mobile and social media have increased their presence in the retail value chain. In the next decade, these new channels are likely to emerge as critical touch points for retailers, and providing an outstanding experience at these touch points can be the difference between winners and laggards.
Enabling technology transformations Retailers understand that the key to the future of consumer engagement is to meet shoppers where they are. Sophisticated mobile devices, big data and cloud computing currently work in tandem to provide ready access to information, products and services from virtually anywhere at any time. The further integration of the cloud and mobility with social networking creates a powerful, new platform that allows retailers to engage throughout the purchasing cycle. To take advantage of such trends, retailers need to invest in technology resources that can help them stay a step ahead of the competition. 

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