Staying Current To Meet Changing Retail Technology Desires

Staying Current To Meet Changing Retail Technology Desires

Who knew that a retailer's once-valuable and suitable point-of-sale system would become as useless as an recent, antiquated typewriter? And then curse the day they got it? It happens. And worse, it keeps them operating at lower standards than other retailers who have stepped up to better technology.

Technology always changes the way we tend to work and the approach our business works. It isn't just about performing our business functions better either. It is also about servicing the needs of our customers better. And it takes today's retail technology advances to help achieve this as a result of it didn't exist cohesively before.

Thus, probabilities are, you need to alter your current system.

In a very recent retail chains study by Retail Technologies Inc., it had been found that 52% of mid-sized retailers stated that one among their biggest challenges was keeping up with changing new technology; 46% of larger retailers additionally faced issues attempting to keep up with technology changes.

Alicia Kreisberg, Chief Operating Officer and co-owner of One Step Data, states, "In the pc software and hardware business, developments move at an exponential rate, with software/hardware life expectancies averaging solely two-four years."

The retail service and technology supplier company's primary objective, according to Kreisberg, is to make sure the success of their customers. "One in all the items that will ensure you get the most effective results is staying current with the most recent system advancements. You do not want the very issue that's serving to build your business additional profitable to keep you from more expansion."

Maintaining with changing retail technology may be a expensive investment, as retailers want to own current technology stay current. There is often lack of flexibility to implement new changes, and typically it is terribly time-intensive to integrate the new technology so everything works. And, want I mention the difficulties training employees on a new system?

These sound like daunting issues, however what many retailers haven't realized yet is that it is costing them more cash to stay their antiquated systems than it is to get a new system that's flexible enough to satisfy their wants and growth.

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