Being a student of successful global business models and motivational wisdom, this week want to highlight my baker's dozen quotes for success."A goal is a dream with a deadline." - Napoleon Hill "Business opportunities are like buses, there's always another one coming." - Richard Branson
This week a video from the IHL Group and a couple of IT posts sparked some thoughts on the evolution of retail as it is accelerating on a technology shoestring budget.
According to the latest 2013 "State of the CIO" survey from CIO Magazine, the average IT budget as a percentage of revenue is 5.2%, and it was up from 4.7% the previous year. Contrast this to the retail industry where according to Jerry Sheldon from the IHL group, the average IT spend as a percentage of total sales ranged from 1.1% to 1.2%.
The latest BrandZ Top 100 Most Valuable Global Brands survey has insightful data for both technology companies and the retail industry.
For the retail industry, the brand value data projects continued economic recovery especially in the United States and in luxury brands.
This weekend, while walking with my family through the hills of Thalwil, Switzerland, admiring Lake Zurich below us and in the distance the snow capped Alps, I started thinking about the topic of happiness. How do you know whether you are really happy? Is it the money? Your health? Your family? Your Career? Your Children? What are the secrets to happiness?
To answer the happiness question and to discover the secrets to a good life, for 70+ years researchers at Harvard University followed 268 men who entered their university starting in 1937.
The following image that was published this month on the website DashBurst resurfaced multiple thoughts on convergence as it continues to evolve between traditional security and information systems technologies.
New technologies such as RFID, NFC, augmented reality and gamefied retail apps will directly interact with consumers based on predictive behaviors identified by "Big Data". - Tony D'Onofrio
This month RIS News published a great post on 12 key takeaways from a recent Onmichannel Merchandising Symposium.
"Retail IT is being transformed. CIOs are shifting from proprietary systems to package solutions and from an emphasis on cost reduction to a solid bump in IT capital spending. A strong customer focus means CIOs are fixing their attention on channel integration and analytics that will help them spot and anticipate shopper preferences more quickly." (5) - NRF Stores Magazine, April 2013
"Twenty years from now you will be more disappointed by the things that didn't do than by the ones you did do. So throw off the bowlines. Sail away from the safe harbor. Catch the trade winds in your sails. Explore. Dream. Discover." -- Mark Twain
It is Sunday morning and while sitting in my hometown "Piazza" started reflecting on my personal journey on two continents and the key foundation elements that started it all from such a simple unique location.
In a recent Forbes, IBM's CEO predicted the following three ways technology will transform the future of business:Data Analytics Will Revolutionize Decision Making - "Many more decisions will be based on predictive elements versus gut instincts," said Ginni Rometty, IBM's CEO. In most businesses, "leaders and managers interpret information through the lens of their subjective perspective and set of experiences."
"We're out of the (cash) register business.(2)" - Urban Outfitters CIO
As demonstrated by the recent Walmart announcement that they are expanding their "Scan & Go" iPhone app to 40 more stores in Denver, mobile POS continues to gain traction in global retail.
For Walmart, "Scan & Go enables a shopper to scan the bar codes on products as she (the shopper) picks the products off shelves and puts them into her shopping cart. The app creates a list of all products scanned. When the shopper has completed shopping, she presses the Done Shopping button and the app generates a custom QR code. The self-checkout terminals scan the QR code on the smartphone, tally the list, and ask the shopper to select a payment option to complete the transaction at the terminal.(1)"