WhitepaperComposable commerce is when retail businesses create modular architecture that can be made from interchangeable building blocks so that functionality can be added when it is needed. Retail CIOs can plug in new capabilities using APIs, microservices and other modular elements, or cluster existing services to create a new one.
However, faced with the realities of legacy systems and inflationary pressures, many retail CIOs see the associated risks of high upfront costs, complex IT solutions and failed projects as being too high. So, composable architecture never makes it to the boardroom and businesses cannot implement modern platforms that enable rapid alignment with business goals.
WhitepaperThe Internet of Things (IoT) and Artificial Intelligence (AI) are the foundation of the next major shift in the retail technology landscape – the intelligent edge. Edge computing allows data to be accessed where it is created and enables business processes outside the core IT environment.
In 2022, the International Data Corporation (IDC) predicted that European edge computing investments will reach $40 billion in 2022 and increase to nearly $64 billion through 2025, with a five-year compound annual growth rate (CAGR) of 16.4% .
Edge platforms are crucial to creating connected value chains that can detect and correct issues in real-time to support better decisions. For example, edge devices can monitor refrigeration and energy consumption to improve in-store margins and reduce unnecessary costs. As such, they can mitigate the impact of high inflation and the struggle for profitability.
The challenge for retail CIOs is to leverage the business value of IoT data by delivering edge platforms that can orchestrate complex workflows.
WhitepaperThe recent uncertain and challenging times have urged CIOs to evaluate the existing technology investments from a different lens. C-suite is leaning towards modular solutions that allow them to mix and match functionalities and withstand the test of time.
CIOs and enterprise architects believe their top reasons for reviewing monolithic ERP systems were inability to meet their challenges (47%), high maintenance costs (42%) and complex hybrid environments (38%) - a 2022 survey by Boomi.
A composable ERP is the next move here as it put businesses in a position to adapt to the unexpected changes and evolve at the pace of their industry landscape.
Moving away from existing monolithic ERP to a composable one is the need of the hour, but there are many moving parts involved. You also need to determine the areas where composability is needed.
This whitepaper, How CIOs can Respond to Changes in Business Needs with Composable ERP, gives an explicit understanding of the below-mentioned topics:
Why there has been a shift in the business case for ERP
The four critical limitations of monolithic ERP
Whether a vendor upgrade is actually equal to a replacement
How composable ERP can help you to move at market pace
The functional areas that provide the biggest competitive advantage
WhitepaperManaged Service Providers (MSPs) used to run IT services and infrastructure for a business based on a break-fix model, where companies could contract an outside team to identify problems and resolve them as they happened. This outsourced model of managed services was focused on reactive fixes, technical issues and guess work.
To deliver value, enterprises need to change their services model to a proactive approach, where the focus is on measurable business outcomes. Executives need to choose an MSP with a clear strategy and roadmap, standard models for delivery, strategic vendor partnerships and flexible commercial models that enable business objectives.
Experts at Mastek have developed a whitepaper, closely examining how the continuous evolution available with cloud managed services can be a game-changing alternative to the traditional ways of supporting and maintaining digital services.
This white paper covers:
How the role of managed services has changed
The four critical limitations of conventional managed services
Why you should work with MSPs for strategic goals
What an ideal managed services solution looks like
Download this whitepaper and explore how enterprises can access the full potential of the cloud with an MSP that takes on the responsibility of driving an ongoing shift towards new capabilities in a rapidly changing market.
WhitepaperIn adopting quicker development methods for the rapid delivery of applications, CXOs are placing greater importance on quality assurance and testing.
In order to meet the demand posed by this accelerated rate of software development, there is industry acknowledgment of the need to implement test automation across various testing phases for faster QA delivery.
However, creating and maintaining automated tests can come at a high cost. In order to keep maintenance costs to a minimum, it is vital to design your test automation framework well.
Our whitepaper, How good design minimises test automation maintenance, provides an understanding of:
To download your copy, simply fill in the form below.
WhitepaperEvery retail CIO faces the same challenge: how to maintain profitability in the face of perpetual disruption. The possible impact of persistent inflation is just the most recent addition to the profitability challenges faced by the retail industry since the start of the pandemic in 2020.
To compound the problem, a 2022 PwC report reported that constant disruption is shifting consumer expectations as inflation, supply chain issues, ESG awareness, and a potential recession affect availability, competition and values. The same report found that rising prices and the lack of stock availability are having a granular impact on purchasing decisions – 40% of consumers use comparison sites to look for availability and 37% shop at multiple retailers to meet their needs.
Retailers need to support consumers to overcome obstacles to shopping online and in-store so that they can maintain profits. Then, they can invest in the technologies that will help them to win and retain customers
So, what does this mean for retail CIOs who need to manage inflation?
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