Technology in the store is all moving toward integration and more and more savvy customers. Point Of Sale is undergoing major changes because of broadband access, the need and ability for inventory visibility, customers ordering online, returns and pick- up in the store and also the movement toward an ASP application service provider model.
The Market Intelligence Trends survey by M-Brain surveyed business managers predominantly located across key cities in Europe and identified three key technology trends that will impact how information management systems are to develop over the next five years.
Increasingly, companies must implement systems to collect information online and in real time, so as to proactively identify and respond to emerging market opportunities and threats faster than the competition. IT managers must work to ensure that data can be fed into information systems that have built-in features or with best-in-breed automation tools, which handle everything effectively and through a minimum number of different user interfaces.
Implementing ways to ensure the effectiveness and timeliness of the data automation is critical. IT managers need to identify the optimal set of data sources and tools for their organisations, as well as the optimal level of human involvement. With the expansive range of information that can be collected, many companies find they need guidance on how to avoid overlapping activities and optimise costs, such as subscription fees.
They may choose to outsource the management of their entire information source portfolios and the monitoring of news outlets, web blogs and websites to specialists that can offer economies of scale and virtually endless source portfolios.
There is a caveat here: IT managers also need to continuously learn and keep abreast of the latest available possibilities and options within the realm of automated analysis stools.
Statistical and modeling tools such as Spotfire and Targit can be considered. Here, again, partnering with a correct specialist service provider may be of great advantage. This would certainly be a positive move.
Most companies today use separate systems to serve their different information requirements — for example CRM, market intelligence portal, intranet, social media platforms and ERP. Many recognise the need to integrate these tools — or at the very least to arrange for a single point access to all relevant systems.
Technical integration can and should also be considered, but the level of requirement should always be evaluated carefully. Information management systems should always support the sharing of views or movement of data from other systems, regardless of the level of integration selected.
Sourced from Petteri Verronen, M-Brain Weekly Newsletter Sign up for our weekly newsletter and get the latest tech news straight to your inbox.3 Information Technology In Retail Industry As we are watching the information technology industry of India is attracting considerable amount of foreign direct .
With the increasing globalization of retailing, both in terms of their points-of-sale and their points-of-supply; the information technology (IT) spend in the retail sector has increased significantly.
IT plays an increasingly important role . The Market Intelligence Trends survey by M-Brain surveyed business managers predominantly located across key cities in Europe and identified three key technology trends that will impact how information management systems are to develop over the next five years.
Impact of Information Systems On Retail sector MIS – Project Impact of Information System on the retail sector 1. General Overview 3 2. Information Systems 4 a. Transaction process system b.
Management Information System c. Decision Support System d. Executive Support System 3. Various Divisions 9 e. IT and Retail alignment f. Online stores – New business model 4. Information Systems. Information systems are used at all level in an organization.
Generation of sale receipts to decision making by senior management, all has been made effective and efficient with the use of information systems. Different level in an organization have different functions so one information system cannot serve the purpose of all.
3 Information Technology In Retail Industry As we are watching the information technology industry of India is attracting considerable amount of foreign direct investment and has been doing so for some years.