Opinion: Why go digital?


February 10, 2022 | By RetailME Bureau

Words by Stephane Pignard, General Manager at Altavant Consulting

Due to the pandemic restrictions preventing the spread of Covid-19, there was a collapse of opportunities, which divided people into those who are “ready to act” and those who decided “to wait”. In self-isolation, people took a fresh, closer look at the role of AI and digitalisation – at the opportunities and benefits it opens to the world of retail, and perhaps its’ threats if left uncontrolled. In fact, the pandemic also divided people into techno-optimists and techno-pessimists, that is, those who are ready for changes and those who are not. The former are distinguished by a high sensitivity to diversity, and the latter crave for tradition, fueled by a fear of entering into a new digital era.

Maintaining a digital presence became a bare minimum requirement during the pandemic, as in-store shopping was largely put on hiatus. For the past two decades, digitalisation has become the greatest evolution making it crucial for all kinds of businesses to transform their operational processes to digitally advanced software technologies to meet customers’ changing expectations and preferences.

Today, consumers want seamless, secure interactions. The rise of digitalisation has brought people closer and made communications significantly easier, and it has become more convenient for customers to engage with stores and each other. For instance, retailers can now inform customers using omnichannel platforms and manage to keep them nearby. An enhanced customer experience incorporating omnichannel technologies gives retailers a big opportunity to create competitive advantage and differentiation. Understanding their needs and catering to their desire proactively will significantly help in retaining customers and acquiring new ones because, nowadays, consumers are looking for unique, personalised shopping experiences, both online and in-store, anytime, anywhere.

It is crucial for retailers to sync online and in-store shopping experiences. According to Statista, in 2022, the forecasted value of e-commerce sales in the United Arab Emirates will stand at $27 billion. E-commerce sales in the UAE were estimated to grow by an average of 23 percent per year between 2018 and 2022. Additionally, the report found that 51% of UAE consumers say stores that have e-commerce websites with multiple brands and categories and provide pickup in-store as well as delivery options are the places where they do most of their online shopping, as it is the most convenient, seamless, and less time-consuming experience.

Now, with omnichannel solutions available at our fingertips, retailers can quicken day-to-day operational processes like CRM, ERP, POS, RFID. So what are the three main reasons to go fully digital?

  1. Reduced time and cost– Invest in an effective software to automatically generate reports with a minimum time spent and get accurate data at the end of each day/month.
  2. Unified data management – information is a critical aspect of all businesses. Data analytics helps generate forecasts to develop future opportunities including risk analysis and automated data solutions.
  3. Matching shopping habits and consumer experience – omnichannel solutions help both retailers and consumers easily manage transaction using a mobile application or a laptop with both online and offline UI and UX. Omnichannel software transparency helps retailers gain trust and loyalty.

 

Comments

comments

Previous Article Next Article

SHARE

YOU MAY ALSO LIKE /



The Frozen Chicken’ as Spinneys was fondly referred to back in the 

Continue Reading

August 8, 2022 | By Shruthi Nair

Veppy.com, a Q-Commerce marketplace startup just announced their go live date in the 

Continue Reading

July 20, 2022 | By Justina Eitzinger

GMG, a global well-being company retailing, distributing, and manufacturing a portfolio of leading 

Continue Reading

July 19, 2022 | By Justina Eitzinger

Lulu Group International recently introduced the world’s first AI-powered Food Delivery Robot 

Continue Reading

May 9, 2022 | By Shruthi Nair

Eid Al-Fitr is an occasion to gather with your friends and family 

Continue Reading

April 29, 2022 | By Zubina Ahmed

Leading retailer LuLu Group further strengthened its presence in the Emirate of 

Continue Reading

April 28, 2022 | By RetailME Bureau

Jones the Grocer, the Australian gourmet grocer and café chain, announces further 

Continue Reading

April 28, 2022 | By RetailME Bureau

What is a perfect healthy snack for Ramadan? An assortment of  dried 

Continue Reading

April 14, 2022 | By Zubina Ahmed

With Ramadan almost at it’s first week, we are wondering where can 

Continue Reading

April 6, 2022 | By Zubina Ahmed

In spirit of the holy month, Amazon announced that it will contribute 

Continue Reading

April 5, 2022 | By RetailME Bureau

As consumer behaviour is changing and the demand for delivery is expanding, 

Continue Reading

March 30, 2022 | By Shruthi Nair

As part of the ‘Gift an Iftar’ campaign, Festival Plaza, part of 

Continue Reading

March 30, 2022 | By RetailME Bureau




f
Download Images RetailME Magazine