Are you a board member of a company that undertakes the digital transformation initiatives? Do you struggle to achieve the expected results with your activities? There may be various reasons behind it, but based on our experience, we’ve identified the five most common ones. You’re probably making these mistakes too, just like many other managers. That’s why in this article, I’ll not only present the most common reasons behind the failure of the digital transformation programs but also explain how to avoid them and what to focus on.
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CAMBRIDGE, Mass. — A solution to help African farmers prevent grain contamination. An alternative to invasive biopsies to better detect liver diseases. A communication tool to help authorities communicate with citizens when internet and cell service is down in times of natural disasters. Three technological innovations, with the goal of helping people live healthier, more prosperous lives — and be safe from harm.
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When customers perceive that they’ve had a poor customer service experience, they may part ways with the product, service or company. According to NewVoiceMedia’s Serial Switching Report (via Forbes), such departures cost businesses $75 billion a year. These are high stakes: It takes more time, energy and five times as much money to attract new customers than to retain old ones.
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Although early attempts at consumer smartglasses have employed trackpads and handheld or wearable controllers for user input, its the gesture control interfaces of the HoloLens 2 and the Magic Leap One that represent the future of smartglasses input.
A new machine learning model developed by Google’s research arm may make it possible to implement the complex hand gesture controls commonly found in high-end AR systems in lightweight smartglasses without the additional bulk and cost of dedicated depth and motion sensors.
Click here to view the original article at next.reality.news
Summary: Lowe’s CEO Marvin Ellison has sanded down the rough surfaces; now it’s time to start the real improvement work.
Home improvement in the US is a retail market with two gorillas leading the pack – Home Depot and Lowe’s. In recent years, the former has taken the lead position with Lowe’s slipping down the field. But as we’ve noted previously, both firms are looking to omni-channel transformation to either secure their position (Home Depot) or restore their fortunes (Lowes).
Click here to view the original article at diginomica.com
Over the last few years, most discussions about the next year’s Digital Transformation trends had begun to feel a bit repetitive: Cloud, Edge Compute, the IoT, AR… It always seemed like the same chairs being rearranged around the same old room. 2020 will be a departure from that. While the same core technologies that dominated these discussions will continue to be foundational to our collective digital transformation journey, 2020 will be defined by a fresh new class of technologies ready to graduate from the sidelines to center stage. Among them: 5G, AI, advanced data analytics, but also some that may surprise you. Without further ado, here are the 10 among them that I believe will be the most significant in 2020.
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The concept of a platform is nothing new, but in the digital era of smart connected products every hardware-centric company needs to urgently work out a platform strategy. Simply put, while a product is something you sell, a platform is infrastructure that enables interactions between various actors.
Market researcher IDC predicted that more than 50% of large enterprises—and more than 80% of enterprises with advanced digital transformation strategies—would have created or partnered with platforms in some form by the end of 2018. Several Internet and software companies have already created successful connected product platforms and many traditional hardware makers will need to consider whether to plug into these platforms as partners or compete directly.
Click here to view the original article at chiefexecutive.net
Organizations employ catalog management systems for maintaining product and service information in an organized manner to enable channel partners and customers to keep up with information, pricing, and updates related to products or services. The catalog management system market is gaining immense popularity with digital transformation initiatives in e-commerce as well as in the retail sector.The catalog management systems market is anticipated to grow in the forecast period owing to driving factors such as digital transformation across industries for improvising marketing and selling activities. However, the catalog management systems market may get negatively affected due to the associated privacy and security concerns. Nonetheless, the small and medium enterprises offer lucrative opportunities for players operating in the catalog management systems market during the forecast period.
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If you are a Small or Medium Business (SMB) owner, chances are you are planning or have already begun your journey to digitally transform your organization. Digitizing your ecosystem on a limited budget may seem daunting, but here are four digital transformation best practices that will help you stay competitive even on a budget.
Click here to view the original article at www.martechadvisor.com
RFID may not have lived up to every extravagant prediction about how it would revolutionize retail, but the technology is actually doing very nicely, thank you. It has been adopted (often without fanfare) by a large number of retailers, and it serves as a foundational technology for many key omnichannel functions, including BOPIS, ship-from-store and product recommendations.
Click here to view the original article at www.retailtouchpoints.com