CitiXsys announces the launch of “Did you know series…”. The series will help our Partners and Customers to improve their process efficiencies and further increase their ROI from products & solutions from CitiXsys. In the current version, the series will run for 3 weeks, with two Did You Knows per week.
Modern Retail Systems are known to generate enormous amounts of data, irrespective of the size of operations and their spread. This data, which mainly comprises of historical transactions, is used for all the analysis purposes. Reduction in hardware prices, specifically of storage space and the need to ensure business continuity in scenarios of network breakdowns necessitates the duplication of data across applications and databases across the enterprise.
In order to understand the situation better, it is important to understand the evolutionary cycle of a mid-market retailer from the view point of investment in technology.
In the formative stages of the business, a mid-market retailer has his focus set on setting up and expanding his business. At this stage, issues pertaining to sourcing the merchandise, finalizing the price points, where to open store(s), overall marketing, take precedence than a big investment in a formal fully integrated retail application. From the initial years to the point where the business gets established and the retailer has found that niche; focus on IT investment is relatively less. Most of the mid-market retailer we have interacted with started with in-store automation, which is not a bad or a wrong place to start with. Read more…
