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Have you ever met with a vehicle accident? If you did, most likely you are familiar with the hassles involved in the auto insurance claiming. Filing an insurance claim and having it processed can be the most tedious and frustrating part of the entire insurance settlement. The processes involved are slow and opaque — this […]
The landscape of the retail industry is constantly changing. The rising competition and thin margins are imposing several challenges on the retail industry. It is no longer as simple as the Supply Vs Demand theory. Channels are proliferating and consumers expect more from their retailers. In addition to that, there is so much competition and […]
Facility management refers to the management, planning, operations and maintenance of an organization’s property portfolio such as land, buildings, infrastructure, and other facilities. It ensures functionality, safety, and efficiency of a facility while smoothly integrating people, process, and various technologies. Many businesses today have realized that a well-managed facility helps companies to increase profit. An effective […]
The success of any business depends on its ability to convert first-time visitors into satisfied customers. For a business to survive, it needs customers. But for a business to scale, it needs those customers to come back, again and again. Studies show that 40% of a retail store’s revenue is created by only 8% of its customers which […]
The world population is moving to cities, fast and for the long term. It is estimated that by 2050 over 60% of the population will be living in the cities. As people increasingly migrate to cities for a better opportunity, there is a need for intelligent smart city solutions to create sustainable, efficient and beneficial […]
The traditional data analytics in retail industry is experiencing a radical shift as it prepares to deliver more intuitive demand data of the consumers. The rise of online shopping may have a major impact on the retail stores but the brick-and-mortar sales aren’t going anywhere soon. According to Euromonitor International, it is projected that 83% […]
With the advent of e-commerce, store retailers have seen a considerable reduction in the footfall. Many tech pundits went as far as to say that physical stores would be shut down eventually, but the reality wasn’t as drastic. Physical stores continue to and will always be around as long as they are able to offer […]
The more you know about your customers, the better chances you have of beating your competitors. In today’s highly competitive world, businesses are constantly on the lookout for new ways to engage with their customers, understand them better and convert the information gathered into actionable insights towards increased business profits. So, what can you do […]
The rapid rise of Artificial Intelligence (AI) and its widespread application has benefitted industries around the globe. AI has endless possibilities in industries like manufacturing, communication, and design, to mention a few, and is only expected to make more waves in the future. As with any drastic change, a good number of workers and business […]