Life in the Digital Vortex is challenging—especially for retailers. In an environment where averaged across industries four of the top 10 incumbents will be displaced by digital disruption in the next five years, retail ranks as the third most vulnerable out of 12. Retailers are also being squeezed between online-only retailers and traditional competitors that are further along with their digital transformations.
But with the threat also comes opportunity. Cisco’s most recent Digital Value at Stake research highlights specific digital use cases that industries can implement now to drive new sources of value.
According to the research, six industries—manufacturing, financial services, retail, service provider, healthcare, and oil and gas—will account for 71 percent of the total private sector Digital Value at Stake over the next decade. Yet, retailers captured only 15 percent of their potential digital value last year.
For more digital transformation stories in retail, click here.
It is clear that retailers need to begin their digital transformation journeys, and do so immediately. If you’re like many retailers, however, you may not know where to begin. What’s needed is a clear path to creating business value from digitization.
If you are thinking about digital transformation, just getting started, or well on your way, I invite you to join me at my Big Idea presentation at NRF on Monday, Jan. 18. Specifically, I will be detailing a roadmap to digital value for retailers, including how to:
- Assess your current digital assets and capabilities
- Understand and select specific digital use cases based on our economic analysis
- Close the gap in digital capabilities to achieve your business goals
By attending my session and learning about a digital transformation roadmap for your business, you will avoid being part of the 40 percent of retailers that could be displaced by digital disruption. Instead, you will be on your way to capturing your share of digital value that’s there for the taking.
See you at the Big Show!
Tags: Big Idea, Business Value, Cisco, digital, digital disruption, Digital transformation, digital value, Digital Value at Stake, digitization, NRF, retail, Shaun Kirby, shopper, thought leadership
By Howard Baldwin, Contributing Columnist
One of the toughest aspects of promoting new technology deployment and usage is finding meaningful facts to support its potential value to local business community stakeholders. While there are readily available estimates and forecasts, detailed analysis and actual payback examples are somewhat rare.
That’s especially true with new technologies such as broadband that require the concerted efforts of multiple parties — which can include government agencies, service providers, equipment manufacturers, and end-users — in order to deliver quantifiable results.
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Tags: broadband, Business Value, economy, Service Provider, stimulus, telework
Video is a cool technology. It’s a fun way to communicate. It looks neat. But what’s the real business value around video? What does video give us that other forms of communication don’t? How can a particular video solution help your company achieve x or solve y? These are questions that all companies rolling out a video strategy should consider.
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Tags: Business Value, coc-collaboration, TelePresence, video
About a month ago, Cisco announced our Data Center Business Advantage architecture. Within the architecture, we highlighted several areas:
- Business Value which can be derived from IT investments in the Data Center
- The breadth of our Open Ecosystem that helps us deliver solutions to customers today
- Solution Architecture that brings together Unified Fabric, Unified Computing and Unified Network Services
- Cisco Technology Innovation across multiple Data Center domains
- A complete set of Data Center Services that can rapidly drive customer success
Now that the fall trade show season is complete and people are done watching headlines and back to running their businesses, we thought it would be useful to take a deeper dive into Data Center Business Advantage. Read More »
Tags: automation, Business Value, Cloud Computing, Consolidation, data center, Data Center Business Advantage, ROI, Solutions, unified computing, Unified Fabric, Unified Network Services, virtualization