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Data – A significant decision-making factor for struggling retailers post covid
Data is a significant factor for retailers post-Covid, as it is not just crucial for the retailers to know the customer better but also to ensure that their IT infrastructures are secure and up-to-date.
However, as retailers struggled to stay afloat after the Covid breach, the retailers with outdated IT infrastructure or those who do not have one were the most vulnerable. This has shown them that they need to become more reliant on their IT infrastructures.
Therefore, in the post-covid era, retailers have become highly dependent on their IT infrastructures. They collect data from point-of-sale devices, customer loyalty cards, and other sources to make inventory, marketing campaigns, and pricing decisions. The retail industry needs to take proactive steps to maintain cybersecurity and manage data; this can be done by having a fully functional cloud management system and an IT infrastructure capable of leveraging data to grow their business.
Here is how data can help retailers move forward in the post-covid era:
Better understanding your customers
Much of a retailer’s most important data is stored in its IT infrastructure, but accessing that data requires the cloud. Now is the moment for merchants to make the switch to the cloud. Cloud management makes jobs and maintenance easier, increases operational uptime, and allows merchants to scale up and down in response to demand. It enables merchants to maximize the value of consumer data in order to develop customer-centric activities. Big data from cloud-managed networks may be mined for granular insights and utilized to improve in-store consumer interaction, generate value-added experiences, and, most critically, meet customer health and safety requirements.
Personalize customer experiences
Once a cloud-based infrastructure is in place, the key is feeding that data into machine learning and artificial intelligence (ML/AI) technologies to develop personalized experiences and forecast future spending trends. Retailers may learn more about their consumers — their behaviors, preferences, and how they interact with the brand – utilizing machine learning and artificial intelligence (ML/AI) both during and after COVID-19. This information may help guarantee that merchants adhere to consumer health and safety procedures throughout their businesses, which is crucial during a pandemic.
Enhance customer retention
Predictive analytics may assist businesses in using customer segmentation to categorize customers based on their interests and preferences once they have targeted their client base at the individual level. Using data analytics solutions, retailers may segment audiences based on demographics, consumer lifestyle, and behavioral aspects. This allows businesses to clearly understand their customer segmentation and how they should advertise items to each category, which is helpful for retailers planning their marketing strategy for a post-COVID retail scenario.
Conclusion
Retailers are faced with a new set of problems post-Covid. The data breaches and the subsequent loss of customer trust have made it difficult for retailers to make decisions in their own best interests.
The data is the most significant factor in decision-making for retailers post-Covid. It not only provides insights into consumer behavior but also helps identify where the company needs to improve as well as what they need to do to stay competitive.
The future of retail lies in cybersecurity and cloud management, which is why it is pertinent for retailers to invest in these areas and leverage the power of data.
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Lessons learnt from Dubai’s journey with emerging technologies
Dubai is one of the most technologically advanced cities in the world. It is also a city that has embraced emerging technologies and digitization.
Dubai’s journey with emerging technologies has been nothing short of revolutionary. From embracing digital transformation to building smart cities, Dubai has set an example for the rest of the world to follow.
Dubai is one of the most progressive cities in the world. It is a city where digital technologies have transformed, and it is also a city with an ambitious vision for the future. Dubai’s journey from a traditional, industrial economy to a digital one has not been easy. Still, it is now well on its way to becoming an innovative and knowledge-based economy.
In this section, we will explore some of the lessons learnt from Dubai’s journey with emerging technologies.
Foster innovation
Dubai is a city of innovation and digital transformation. It is one of the most technologically advanced cities in the world. Dubai has been investing heavily in emerging technologies for decades, and it has now become a leading hub for innovation.
Dubai’s journey to becoming a technologically advanced city started with its visionary leaders, who decided to invest in emerging technologies as early as the 1970s. They believed that this would be key to Dubai’s economic development and growth. And they were right!
The Dubai government has invested heavily in emerging technologies such as artificial intelligence, 3D printing, and autonomous vehicles. These investments have helped Dubai create a blueprint for digital transformation, and they are also helping to make Dubai one of the most innovative cities in the world.
Bringing technology and creativity together
Empowerment zones in port cities are popular in nations that encourage foreign direct investment, particularly in technology and industry. Dubai goes even further by establishing “D3,” or the Dubai Design District, in which “design is a destination.” D3 oozes elegance and creativity.
Creating deliberate place-making clusters, such as D3, assures that like-minded people will gather and connect. This will help to keep Dubai’s creativity alive.
Giving importance to upskilling
Adopting cutting-edge technology is pointless if an institution’s employees are not adequately trained to use it. This problem might be solved by upskilling existing employees through training, increasing employee engagement, and adding new tech-savvy personnel.
When implementing a digital transformation plan, changing the way people approach their job at all levels of a business is a crucial element to consider.
Conclusion
Dubai has seen a lot of transformations in the past decade. From being one of the most remote and undeveloped places on earth to becoming one of the world’s most developed, modern, and technologically advanced cities. Digital transformation has profoundly changed Dubai. Dubai has transformed itself through a digital-led strategy that is centered around innovation and entrepreneurship. They have planned to become the world’s most customizable destination by investing heavily in emerging technologies.
The success of Dubai’s digital transformation can be attributed to its well-planned, seamless, and inclusive. And institutions embarking on the digital transformation route should take note of how Dubai has fostered innovation, promoted creativity, and supported its citizens in upskilling themselves, setting an example for the rest of the globe.
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How AI & Big Data Are Transforming Healthcare In The Middle East
The Middle East is one of the fastest-growing regions in the world. With a population of more than 350 million, it has been identified as an emerging market with high potential. The region is also experiencing rapid economic growth and rising living standards. It’s no surprise that this region is expected to be home to some of the world’s most advanced healthcare systems in the near future.
The way healthcare is delivered in the Middle East will change dramatically over the next few decades, largely due to advancements in data analytics and artificial intelligence (AI).
AI and big data analytics empower healthcare providers in the Middle East to make faster, more cost-effective diagnoses. However, s Security worries concerning data privacy are growing in tandem with the increased usage of AI and big data.
This article examines how big data analytics and artificial intelligence (AI) are altering healthcare in this region and the implications for patients and healthcare professionals.
Making a Decision
Improving treatment necessitates the integration of big health data with fast and appropriate decisions. Clinical decision-making and actions can be aided by predictive analytics.
Pattern recognition is another area where AI is gaining traction in healthcare to determine who is at risk for developing a condition or whose condition may worsen due to lifestyle, environmental, genetic, or other factors.
Treatment
With artificial intelligence, clinicians can take a more holistic approach to disease management, better coordinate care plans, and help patients better manage and adhere to long-term treatment programmes. They can also scan health records to identify people with chronic illnesses at risk.
Training
In a manner that simple computer-driven algorithms cannot, AI allows those in training to go through naturalistic simulations. Because of the emergence of natural speech and the ability of an AI machine to draw instantaneously from an extensive database of scenarios, a trainee’s answer to questions, decisions, or suggestions can be challenging in ways that a human cannot. Furthermore, the training programme can learn from the trainee’s initial responses, allowing the challenges to be regularly changed to fit their learning needs.
Genomics
AI has the potential to alter our perceptions of genetics and push the boundaries of genomics study. According to new research, an artificial neural network can recognise and detect patterns in enormous volumes of genetic data, showing groupings and sequences of genes linked to specific diseases.
The complexity of genetic data has made progress in genomics difficult. Practitioners currently expect breakthroughs in genomic research thanks to AI’s ability to categorise and analyse a large amount of data quickly.
Conclusion
Even though life expectancy is higher than ever, there is a severe shortage of healthcare workers to meet the demand. There is also apprehension regarding expense management and control. corporate event planningealthcare professionals should seek new technology in order to reduce costs and support human carers. Healthcare workers must take advantage of AI and Big Data technology to be ready for challenges.
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#corporate events#corporate events planning#artificial intelligence#healthcare technology#technology summit#technology in hospitals#technology in healthcare
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Lessons learnt from Dubai’s journey with emerging technologies
Dubai is one of the most technologically advanced cities in the world. It is also a city that has embraced emerging technologies and digitization.
Dubai’s journey with emerging technologies has been nothing short of revolutionary. From embracing digital transformation to building smart cities, Dubai has set an example for the rest of the world to follow.
Dubai is one of the most progressive cities in the world. It is a city where digital technologies have transformed, and it is also a city with an ambitious vision for the future. Dubai’s journey from a traditional, industrial economy to a digital one has not been easy. Still, it is now well on its way to becoming an innovative and knowledge-based economy.
In this section, we will explore some of the lessons learnt from Dubai’s journey with emerging technologies.
Foster innovation
Dubai is a city of innovation and digital transformation. It is one of the most technologically advanced cities in the world. Dubai has been investing heavily in emerging technologies for decades, and it has now become a leading hub for innovation.
Dubai’s journey to becoming a technologically advanced city started with its visionary leaders, who decided to invest in emerging technologies as early as the 1970s. They believed that this would be key to Dubai’s economic development and growth. And they were right!
The Dubai government has invested heavily in emerging technologies such as artificial intelligence, 3D printing, and autonomous vehicles. These investments have helped Dubai create a blueprint for digital transformation, and they are also helping to make Dubai one of the most innovative cities in the world.
Bringing technology and creativity together
Empowerment zones in port cities are popular in nations that encourage foreign direct investment, particularly in technology and industry. Dubai goes even further by establishing “D3,” or the Dubai Design District, in which “design is a destination.” D3 oozes elegance and creativity.
Creating deliberate place-making clusters, such as D3, assures that like-minded people will gather and connect. This will help to keep Dubai’s creativity alive.
Giving importance to upskilling
Adopting cutting-edge technology is pointless if an institution’s employees are not adequately trained to use it. This problem might be solved by upskilling existing employees through training, increasing employee engagement, and adding new tech-savvy personnel.
When implementing a digital transformation plan, changing the way people approach their job at all levels of a business is a crucial element to consider.
Conclusion
Dubai has seen a lot of transformations in the past decade. From being one of the most remote and undeveloped places on earth to becoming one of the world’s most developed, modern, and technologically advanced cities. Digital transformation has profoundly changed Dubai. Dubai has transformed itself through a digital-led strategy that is centered around innovation and entrepreneurship. They have planned to become the world’s most customizable destination by investing heavily in emerging technologies.
The success of Dubai’s digital transformation can be attributed to its well-planned, seamless, and inclusive. And institutions embarking on the digital transformation route should take note of how Dubai has fostered innovation, promoted creativity, and supported its citizens in upskilling themselves, setting an example for the rest of the globe.
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Top 5 Digital Transformation KPIs to Track Your Evolution in 2022
Digital transformation is a continuous process that requires constant monitoring and tracking. Digital transformation is evolving a company’s business and operating models to keep up with new technologies and changing customer expectations.
To fulfill the demands of digitization, a company’s business and operating models must evolve. As a result, many companies embrace digital transformation and employ technology to better every aspect of their operations.
IT leaders will need to demonstrate the results of these changes as the company begins to implement and develop these tech solutions.
The KPIs below will help you measure your progress in the transformation journey.
Customer experience
The most crucial aspect of every business is the client experience. With more consumers opting to do business online, companies need to ensure that their websites are simple to navigate and deliver a positive customer experience.
Tracking user experience as carefully and as frequently as possible will help you determine whether or not your digital transformation is succeeding.
Employee engagement
Employees who are not engaged in their job will not be productive and will eventually leave the organization. To remain competitive in the industry, a firm should ensure that it is doing all possible to keep employees happy and engaged.
If workers aren’t engaged in the ways that businesses want, the technology isn’t powerful enough to drive them to change their work habits. While your software is robust, and you have a well-planned Digital Transformation strategy, all your efforts will be vain without employee engagement.
Digital transformation readiness
The level of readiness of an organization’s workforce to shift into digitized processes facilitated by software and technology is known as digital readiness. Technology transformations are not just about investments in IT assets – they include three factors: culture, processes, and technology.
Before digital transformation occurs, businesses must understand what it entails and how prepared they are.
Innovation culture
Every organization desires an innovative culture in which employees can try new ideas.
Successful digital transformation implementations frequently incorporate technology-supported improvements to company models, product offerings, systems, and procedures to improve customer value, decrease costs, and assure growth.
Although each company’s KPIs are unique, the innovation rate may be a useful leading indicator for evaluating the effectiveness of the R&D cycle and the company’s return on digital initiatives.
Digital Transformation ROI
Calculating the return on investment of digital transformation requires comparing the costs of implementing new technology with its benefits. It’s most commonly used to determine if a company will profit from the latest technological investment. It can be calculated by comparing the net savings, revenue gains, and other benefits to the costs of implementing a digital solution.
Conclusion
Successful digital transformation enables businesses to adjust or react to market developments swiftly.
However, because digital transformation is a continuous process, you must continue to measure to ensure that you stay on course and avoid errors. Your organization’s digital transformation should be focused on the issues that demand the greatest attention. These priorities will aid in determining the technology required for your organization’s growth.
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The IBM Institute of Business Value: Global C-suites
What is top of mind for global business leaders?
Every year, the IBM Institute for Business Value (IBV) interviews C-suite leaders from around the world to discover what outperformers do differently. Since 2003, the IBV has collected data and insights from more than 50,000 executives and academics worldwide.
Our C-suite Studies examine how executives’ perspectives have shifted over time—and what they expect to see in the future. Read our role-specific reports to learn what business leaders think about technology trends, business priorities, and how organizations can thrive today.
Access the following reports by role:
CEO : Practical Pathways to Transformational Sustainability
There has never been a more vital moment for CEOs to embrace sustainability as a core aspect of business strategy. It’s clear that environmentally minded organizations are set up for long-term success-and the time to act is now.
CEO Study: Own your impact | IBM
CIO : The CIO Revolution
Even in the mindset of uncertainty, CIOs are collaborating with colleagues to meet fast-changing demands and driving value throughout their enterprises and beyond.
2021 CIO Study: The CIO Revolution | IBM
CTO: The CTO Revelation
The ascent of the CTO is radically influencing a stronger sense of responsibility around technology decisions, the speed of innovation, and discovery of new solutions.
2021 CTO Study: The CTO Revelation | IBM
CFO: Strategic Intelligence:
Faced with a paradox of responsibilities-protecting stability while fueling transformation – CFOs are innovating ways to optimize their own potential and that of their teams.
CFO Study: Strategic Intelligence | IBM
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EWPC Turkey 2021
Exotic Wedding Planning Conference (EWPC), brings to you one of the biggest global platforms in Turkey for 2 days, exclusively dedicated to the wedding world. The 11th edition of EWPC will host select 200+ wedding planners and professionals from Turkey and abroad to come together to explore what the future of weddings hold. This exclusive conference facilitates networking, and knowledge sharing about the latest wedding trends, ideas and themes from the best in the industry. It is an ideal one-stop shop for suppliers, vendors, tourism boards, travel experts and hospitality partners to build stronger business connections that will propel a substantial business growth.
When it comes to a dreamy travel destination, Turkey is one place that comes to the mind of every avid traveler. The place exudes a charm and aura, romance and bliss, like no other. Meeting new people in Turkey can weave really good memories as the place is known for having one of the most welcoming and friendly locals.
Besides the friendly environment and offering recreation to couples, it has some of the world’s most beautiful hotels, resorts and incredible beaches which makes it a perfect place to tie the knot and one of the most desired destinations for a wedding, including Turkish cuisine and catering, wedding décor, wedding videography and photography, floral decorations, exotic venues, among other wedding vendors and services.
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16th Edition - DTS India 2022 | India
While digital transformation is no longer an option but a necessity for organisation, business leaders now have new expectations from their transformation initiatives and with that, a new range of challenges to overcome. Competencies around speed, agility, customer experience and culture-shift are top priorities, as businesses plan for long-term sustained growth.
The Digital Transformation Summit will gather 250+ business and digital leaders, posing important questions, seeking critical answers and fostering valuable business associations. The event will feature renowned industry experts who are early adopters of technology and culture thought leaders.
At the Digital Transformation Summit, you will take away valuable case-studies, useful insights and solutions for your unique challenges and meet peers and experts under one roof.
https://www.digitransformationsummit.com/india/
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PHARMA IT SUMMIT 2022
The digital revolution has slowly caught up with India's pharma sector and as processes get hyper-digitized, tech infrastructure is looking at a major upgrade to cope with the evident supply chain disruptions and man-power shortage caused by the crisis.
As tools like Automation, Hybrid cloud, Big data amongst others get deployed to enable seamless business continuity, it is imperative for IT leaders to effectively strategise frameworks to deal with the uncertainties posed by the new normal whilst not compromising on profitability by scaling new business models.
Keeping this in mind, Exito Media Concepts brings to you this meticulously curated conference for Pharma IT leaders revolving around the technology trends, government policies, automation and supply chain management strategies, innovation and strategic leadership.
This virtual edition of Pharma IT Summit is curated to foster meaningful discussions around the rampant challenges and the best practices to emerge out of it. Through innovative virtual formats and features, this platform is designed to involve all attendees in engaging and active conversations.
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https://www.digitransformationsummit.com/india/
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DIGITAL TRANSFORMATION SUMMIT QATAR 2022
With the potential of digital transformation being established globally and its adoption being accelerated in the face of the pandemic, more organizations are looking to “go digital”.
Qatar has seen a major acceleration in the domain of digital transformation, owing to government initiatives like Qatar National Vision 2030. Keeping this in mind, after completing 5 successful editions, the Digital Transformation Summit comes to Qatar.
This summit will focus on discussions around most impact emerging tech in digitisation, digital business strategy and common problems faced in most digitisation efforts and how to address them.
This edition will bring together 120+ Digital Leaders with keynote presentations, fireside chats, panel discussions and live Q&A sessions, from Qatar’s top Digital Transformation leaders, as well as, enhanced virtual networking experience.
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https://www.digitransformationsummit.com/india/
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BFSI IT SUMMIT AFRICA 2022
https://bfsiitsummit.com/africa/
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CYBER SECURITY SUMMIT AFRICA
This event will host 150+ CISOs, CIOs, heads of digital transformation, IT infrastructure, cyber security, information and communication technologies, crisis management, security and risk management, and other experts in the domain.
To learn more: https://exito-e.com/cybersecuritysummit/africa/
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#cybersecuritysummitafrica#cybersecurity summit#cyber security#data protection#data security#crisis management#data risk management
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Wedding planning conference India
https://india.weddingplanningconference.com/
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#weddingplanningconference#event management#wedding events#Exotic Wedding Planning Conference India#marketplace for wedding planners#event industry-defining trends#event management trends
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CFO LEADERSHIP SUMMIT
https://cfoleadershipsummit.com/africa/
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Digital transformation Summit Saudi Arabia 2022
Know more: https://digitransformationsummit.com/ksa/
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#digital transformation summit saudi arabia 2022#digital transformation#evolving economy#cloud technology
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14th Edition - BFSI IT Summit India | Physical Event
Learn more: https://bfsiitsummit.com/india/
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