SlideShare uma empresa Scribd logo
1 de 1
Baixar para ler offline
Achieving Digital Transformation
How retailers can thrive in the new digital environment
RE TAILER

$15-30B

e
to stim
cr or at
im ga ed
e ni lo
th ze s
is d se
ye re s d
ar 1 ta ue
il

1.

13%

of dissatisfied
customers tell more than

20 people

2

89%

$1.2T

Because customers know more, and expect more,
you have to deliver more. More value, more
service and more of what they are looking for.
And when you do, you get more, too: customers,
incremental sales, and positive reviews.

67%

18%

Ecommerce
sales are up
from this time last year

2.

Re-define the
shopping experience

37%

Abandoned shopping carts. Showrooming.
Customer dis-loyalty. All of these are signs
your shopping experience is less than what
your newly empowered customers demand.
Turn those metrics around by analyzing the
why of abandonment, offering real-time,
targeted promotions, and converting the
tire-kickers into wallet-openers.

Retailers expect

$2.9B
loss due to
return fraud this
holiday season11

5

50%

Fewer
than
of retail businesses
survive after four years6

6-7x

It costs

of shoppers
abandon online
shopping carts

Only

of consumers began
doing business with a
competitor following
a poor customer
experience4

in excess
stockpiled
merchandise3

Deliver value to
empowered customers

86%

of buyers will pay more
for a better customer
experience. But only
1% of customers feel that vendors
consistently meet their expectations8

2014

more to acquire a new
customer than retain
an existing one7

3.

Drive operational
efficiencies

Higher revenues are great, but only half the
profit equation. New technologies give you the
capabilities to better match supply and demand;
connect partners, suppliers, and channels into
one seamless order-to-sale supply chain;
automate fulfillment and reduce customer
support costs; and minimize losses due to fraud.

Tata Consultancy Services delivers solutions that help organizations navigate the
path to successful Digital Transformation. Through deep industry expertise, modular,
customizable solutions that meet real needs, and an “experience certainty” commitment,
TCS helps retailers stay ahead of customers’ needs and drive down costs.
Sources: 1. FBI, 2. White House Office of Consumer Affairs, 3. IBM, 4. RightNow CEI Report, 5. US Census, 6. Entrepreneur Weekly, 7. Lee Resource,
8. RightNow CEI Report, 9. comScore, 10. Forrester, 11. National Retail Federation, 12. Neilsen, 13. EConsultancy, 14. Aberdeen

9

of brands received
good or excellent
customer experience
scores this year10

90%

of customers trust
recommendations
from their friends
or peer groups

47%

trust the
company
advertisements12

26%

of companies have a welldeveloped strategy in place
for improving the customer experience13

69%

of retailers
have no way of seeing their
suppliers’ inventory14

www.tcs.com

Mais conteúdo relacionado

Mais procurados

How to embrace digital transformation in the Financial Services sector
How to embrace digital transformation in the Financial Services sectorHow to embrace digital transformation in the Financial Services sector
How to embrace digital transformation in the Financial Services sectorBrandworkz
 
Today’s Digital Imperatives Demand C-Suite Reinvention
Today’s Digital Imperatives Demand C-Suite ReinventionToday’s Digital Imperatives Demand C-Suite Reinvention
Today’s Digital Imperatives Demand C-Suite ReinventionTata Consultancy Services
 
Banking & Finance Trends, Predictions, and Practical Steps OHANNIGAN April 2016
Banking & Finance Trends, Predictions, and Practical Steps OHANNIGAN April 2016Banking & Finance Trends, Predictions, and Practical Steps OHANNIGAN April 2016
Banking & Finance Trends, Predictions, and Practical Steps OHANNIGAN April 2016Joe O'Hannigan
 
Success Factors for Digital Transformation in Banking
Success Factors for Digital Transformation in BankingSuccess Factors for Digital Transformation in Banking
Success Factors for Digital Transformation in BankingTata Consultancy Services
 
Capgemini Smart Analytics Solutions Platform for Banking
Capgemini Smart Analytics Solutions Platform for BankingCapgemini Smart Analytics Solutions Platform for Banking
Capgemini Smart Analytics Solutions Platform for BankingCapgemini
 
How can data analytics boost your business growth
How can data analytics boost your business growthHow can data analytics boost your business growth
How can data analytics boost your business growthRay Business Technologies
 
8 LOS Features Credit Unions Need to Stay Competitive
8 LOS Features Credit Unions Need to Stay Competitive  8 LOS Features Credit Unions Need to Stay Competitive
8 LOS Features Credit Unions Need to Stay Competitive Doxim Inc.
 
North America Mortgage Banking 2020: Convergent Disruption in the Credit Indu...
North America Mortgage Banking 2020: Convergent Disruption in the Credit Indu...North America Mortgage Banking 2020: Convergent Disruption in the Credit Indu...
North America Mortgage Banking 2020: Convergent Disruption in the Credit Indu...accenture
 
Account Based Marketing + Account Based Sales Development = ABFM
Account Based Marketing + Account Based Sales Development  = ABFMAccount Based Marketing + Account Based Sales Development  = ABFM
Account Based Marketing + Account Based Sales Development = ABFMLora Kratchounova
 
Etude PwC : "Digital Banking Survey" (2014)
Etude PwC : "Digital Banking Survey" (2014)Etude PwC : "Digital Banking Survey" (2014)
Etude PwC : "Digital Banking Survey" (2014)PwC France
 
How Nigerian brands can better utilize social media for Customer Relationship...
How Nigerian brands can better utilize social media for Customer Relationship...How Nigerian brands can better utilize social media for Customer Relationship...
How Nigerian brands can better utilize social media for Customer Relationship...RES-Q Digital Limited
 
Digital Insurance Enterprise: The Nest Case Study
Digital Insurance Enterprise: The Nest Case StudyDigital Insurance Enterprise: The Nest Case Study
Digital Insurance Enterprise: The Nest Case StudyTata Consultancy Services
 
Best practice for data interoperability
Best practice for data interoperabilityBest practice for data interoperability
Best practice for data interoperabilityCRMT Digital
 
Facing today's digital realities: how should a revenue agency engage with its...
Facing today's digital realities: how should a revenue agency engage with its...Facing today's digital realities: how should a revenue agency engage with its...
Facing today's digital realities: how should a revenue agency engage with its...accenture
 
BRIDGEi2i Analytics Solutions - B2C Customer Intelligence
BRIDGEi2i Analytics Solutions - B2C Customer IntelligenceBRIDGEi2i Analytics Solutions - B2C Customer Intelligence
BRIDGEi2i Analytics Solutions - B2C Customer IntelligenceBRIDGEi2i Analytics Solutions
 
Top Ten Trends in Wealth Management 2017
Top Ten Trends in Wealth Management 2017Top Ten Trends in Wealth Management 2017
Top Ten Trends in Wealth Management 2017Capgemini
 
Can Financial Institutions be the next Digital Masters? Capgemini says YES
Can Financial Institutions be the next Digital Masters? Capgemini says YESCan Financial Institutions be the next Digital Masters? Capgemini says YES
Can Financial Institutions be the next Digital Masters? Capgemini says YESCapgemini
 
Digital Business Transformation – Across Insurance Value Chain
Digital Business Transformation – Across Insurance Value ChainDigital Business Transformation – Across Insurance Value Chain
Digital Business Transformation – Across Insurance Value ChainRob Cornwell
 

Mais procurados (20)

How to embrace digital transformation in the Financial Services sector
How to embrace digital transformation in the Financial Services sectorHow to embrace digital transformation in the Financial Services sector
How to embrace digital transformation in the Financial Services sector
 
Today’s Digital Imperatives Demand C-Suite Reinvention
Today’s Digital Imperatives Demand C-Suite ReinventionToday’s Digital Imperatives Demand C-Suite Reinvention
Today’s Digital Imperatives Demand C-Suite Reinvention
 
Banking & Finance Trends, Predictions, and Practical Steps OHANNIGAN April 2016
Banking & Finance Trends, Predictions, and Practical Steps OHANNIGAN April 2016Banking & Finance Trends, Predictions, and Practical Steps OHANNIGAN April 2016
Banking & Finance Trends, Predictions, and Practical Steps OHANNIGAN April 2016
 
Success Factors for Digital Transformation in Banking
Success Factors for Digital Transformation in BankingSuccess Factors for Digital Transformation in Banking
Success Factors for Digital Transformation in Banking
 
Capgemini Smart Analytics Solutions Platform for Banking
Capgemini Smart Analytics Solutions Platform for BankingCapgemini Smart Analytics Solutions Platform for Banking
Capgemini Smart Analytics Solutions Platform for Banking
 
B2B Digital Sales - Sell the buyer’s way
B2B Digital Sales - Sell the buyer’s wayB2B Digital Sales - Sell the buyer’s way
B2B Digital Sales - Sell the buyer’s way
 
How can data analytics boost your business growth
How can data analytics boost your business growthHow can data analytics boost your business growth
How can data analytics boost your business growth
 
8 LOS Features Credit Unions Need to Stay Competitive
8 LOS Features Credit Unions Need to Stay Competitive  8 LOS Features Credit Unions Need to Stay Competitive
8 LOS Features Credit Unions Need to Stay Competitive
 
North America Mortgage Banking 2020: Convergent Disruption in the Credit Indu...
North America Mortgage Banking 2020: Convergent Disruption in the Credit Indu...North America Mortgage Banking 2020: Convergent Disruption in the Credit Indu...
North America Mortgage Banking 2020: Convergent Disruption in the Credit Indu...
 
Account Based Marketing + Account Based Sales Development = ABFM
Account Based Marketing + Account Based Sales Development  = ABFMAccount Based Marketing + Account Based Sales Development  = ABFM
Account Based Marketing + Account Based Sales Development = ABFM
 
Etude PwC : "Digital Banking Survey" (2014)
Etude PwC : "Digital Banking Survey" (2014)Etude PwC : "Digital Banking Survey" (2014)
Etude PwC : "Digital Banking Survey" (2014)
 
How Nigerian brands can better utilize social media for Customer Relationship...
How Nigerian brands can better utilize social media for Customer Relationship...How Nigerian brands can better utilize social media for Customer Relationship...
How Nigerian brands can better utilize social media for Customer Relationship...
 
Digital Insurance Enterprise: The Nest Case Study
Digital Insurance Enterprise: The Nest Case StudyDigital Insurance Enterprise: The Nest Case Study
Digital Insurance Enterprise: The Nest Case Study
 
Best practice for data interoperability
Best practice for data interoperabilityBest practice for data interoperability
Best practice for data interoperability
 
Facing today's digital realities: how should a revenue agency engage with its...
Facing today's digital realities: how should a revenue agency engage with its...Facing today's digital realities: how should a revenue agency engage with its...
Facing today's digital realities: how should a revenue agency engage with its...
 
BRIDGEi2i Analytics Solutions - B2C Customer Intelligence
BRIDGEi2i Analytics Solutions - B2C Customer IntelligenceBRIDGEi2i Analytics Solutions - B2C Customer Intelligence
BRIDGEi2i Analytics Solutions - B2C Customer Intelligence
 
Top Ten Trends in Wealth Management 2017
Top Ten Trends in Wealth Management 2017Top Ten Trends in Wealth Management 2017
Top Ten Trends in Wealth Management 2017
 
Can Financial Institutions be the next Digital Masters? Capgemini says YES
Can Financial Institutions be the next Digital Masters? Capgemini says YESCan Financial Institutions be the next Digital Masters? Capgemini says YES
Can Financial Institutions be the next Digital Masters? Capgemini says YES
 
Digital Business Transformation – Across Insurance Value Chain
Digital Business Transformation – Across Insurance Value ChainDigital Business Transformation – Across Insurance Value Chain
Digital Business Transformation – Across Insurance Value Chain
 
Megatrends for sales organizations
Megatrends for sales organizationsMegatrends for sales organizations
Megatrends for sales organizations
 

Destaque

The Role of Desktop Analytics; Big Data and the Customer Service Revolution b...
The Role of Desktop Analytics; Big Data and the Customer Service Revolution b...The Role of Desktop Analytics; Big Data and the Customer Service Revolution b...
The Role of Desktop Analytics; Big Data and the Customer Service Revolution b...Tata Consultancy Services
 
CRM at Tata Consultancy Services
CRM at Tata Consultancy ServicesCRM at Tata Consultancy Services
CRM at Tata Consultancy ServicesAacharya Aasman
 
2015 Holiday Season, TCS OptumeraTM Pricing Insights Study
2015 Holiday Season, TCS OptumeraTM Pricing Insights Study2015 Holiday Season, TCS OptumeraTM Pricing Insights Study
2015 Holiday Season, TCS OptumeraTM Pricing Insights StudyTata Consultancy Services
 
Driving innovation for industries by leveraging SAP HANA, Mobility and Analytics
Driving innovation for industries by leveraging SAP HANA, Mobility and AnalyticsDriving innovation for industries by leveraging SAP HANA, Mobility and Analytics
Driving innovation for industries by leveraging SAP HANA, Mobility and AnalyticsTata Consultancy Services
 

Destaque (7)

The Interactive Print Experience
The Interactive Print ExperienceThe Interactive Print Experience
The Interactive Print Experience
 
The Role of Desktop Analytics; Big Data and the Customer Service Revolution b...
The Role of Desktop Analytics; Big Data and the Customer Service Revolution b...The Role of Desktop Analytics; Big Data and the Customer Service Revolution b...
The Role of Desktop Analytics; Big Data and the Customer Service Revolution b...
 
CRM at Tata Consultancy Services
CRM at Tata Consultancy ServicesCRM at Tata Consultancy Services
CRM at Tata Consultancy Services
 
2015 Holiday Season, TCS OptumeraTM Pricing Insights Study
2015 Holiday Season, TCS OptumeraTM Pricing Insights Study2015 Holiday Season, TCS OptumeraTM Pricing Insights Study
2015 Holiday Season, TCS OptumeraTM Pricing Insights Study
 
13 Facts on how 13 Global Industries use AI
13 Facts on how 13 Global Industries use AI13 Facts on how 13 Global Industries use AI
13 Facts on how 13 Global Industries use AI
 
Driving innovation for industries by leveraging SAP HANA, Mobility and Analytics
Driving innovation for industries by leveraging SAP HANA, Mobility and AnalyticsDriving innovation for industries by leveraging SAP HANA, Mobility and Analytics
Driving innovation for industries by leveraging SAP HANA, Mobility and Analytics
 
TCS Innovation Forum 2012 - Actifio
TCS Innovation Forum 2012 - ActifioTCS Innovation Forum 2012 - Actifio
TCS Innovation Forum 2012 - Actifio
 

Semelhante a Digital transformation: How retailers can thrive in the new digital environment

The Ultimate Guide to Customer Loyalty in 2017
The Ultimate Guide to Customer Loyalty in 2017The Ultimate Guide to Customer Loyalty in 2017
The Ultimate Guide to Customer Loyalty in 2017Margaret Link
 
retail-insights-report-edition-2
retail-insights-report-edition-2retail-insights-report-edition-2
retail-insights-report-edition-2Ian Sheppard
 
Simple Techniques To Grow Your Business-Duane Sprague
Simple Techniques To Grow Your Business-Duane SpragueSimple Techniques To Grow Your Business-Duane Sprague
Simple Techniques To Grow Your Business-Duane SpragueDuane "DJ" Sprague
 
Vencorps Presentation
Vencorps PresentationVencorps Presentation
Vencorps Presentationchangeroundup
 
Article with Title
Article with TitleArticle with Title
Article with TitleAli Malik
 
Extraordinary Financial Customer Experiences
Extraordinary Financial Customer ExperiencesExtraordinary Financial Customer Experiences
Extraordinary Financial Customer ExperiencesPing Identity
 
ASIA PACIFIC RETAIL IN TRANSITION
ASIA PACIFIC RETAIL IN TRANSITIONASIA PACIFIC RETAIL IN TRANSITION
ASIA PACIFIC RETAIL IN TRANSITIONS_HIFT
 
Full Smarter Commerce Global Summit Agenda
Full Smarter Commerce Global Summit AgendaFull Smarter Commerce Global Summit Agenda
Full Smarter Commerce Global Summit AgendaFEL4
 
Ultimate Guide to the New Buyers Journey
Ultimate Guide to the New Buyers JourneyUltimate Guide to the New Buyers Journey
Ultimate Guide to the New Buyers JourneyEvgeny Tsarkov
 
The ultimate guide to the new buyers journey
The ultimate guide to the new buyers journeyThe ultimate guide to the new buyers journey
The ultimate guide to the new buyers journeyMarketBridge
 
Retail’s Omnichannel omnichallenge
Retail’s Omnichannel omnichallengeRetail’s Omnichannel omnichallenge
Retail’s Omnichannel omnichallengeDeloitte Canada
 
Courting the 21st century customer
Courting the 21st century customerCourting the 21st century customer
Courting the 21st century customerStuart Lamb
 
Mitigo Consulting Customer Advocacy Managed Services Presentation V1
Mitigo Consulting Customer Advocacy Managed Services Presentation V1Mitigo Consulting Customer Advocacy Managed Services Presentation V1
Mitigo Consulting Customer Advocacy Managed Services Presentation V1SachinPilaniwala1
 
Cashing in on analytics in the retail chain
Cashing in on analytics in the retail chain Cashing in on analytics in the retail chain
Cashing in on analytics in the retail chain Tridant
 
26 Tweetable Referral Stats
26 Tweetable Referral Stats26 Tweetable Referral Stats
26 Tweetable Referral StatsAmplifinity
 
Get Loyalty Smart - Sectors of Opportunity
Get Loyalty Smart - Sectors of OpportunityGet Loyalty Smart - Sectors of Opportunity
Get Loyalty Smart - Sectors of Opportunityemmersons1
 
CUSTOMER RELATIONSHIP MANAGEMENT(CRM)
CUSTOMER RELATIONSHIP MANAGEMENT(CRM)CUSTOMER RELATIONSHIP MANAGEMENT(CRM)
CUSTOMER RELATIONSHIP MANAGEMENT(CRM)SADANAND MAURYA
 
[PwC Global] 10 retailer investments for an uncertain future
[PwC Global] 10 retailer investments for an uncertain future[PwC Global] 10 retailer investments for an uncertain future
[PwC Global] 10 retailer investments for an uncertain futureDuy, Vo Hoang
 
Net Margins: The Missing Dimension of Big Data
Net Margins: The Missing Dimension of Big DataNet Margins: The Missing Dimension of Big Data
Net Margins: The Missing Dimension of Big DataBrian Plowman
 

Semelhante a Digital transformation: How retailers can thrive in the new digital environment (20)

The Ultimate Guide to Customer Loyalty in 2017
The Ultimate Guide to Customer Loyalty in 2017The Ultimate Guide to Customer Loyalty in 2017
The Ultimate Guide to Customer Loyalty in 2017
 
retail-insights-report-edition-2
retail-insights-report-edition-2retail-insights-report-edition-2
retail-insights-report-edition-2
 
Simple Techniques To Grow Your Business-Duane Sprague
Simple Techniques To Grow Your Business-Duane SpragueSimple Techniques To Grow Your Business-Duane Sprague
Simple Techniques To Grow Your Business-Duane Sprague
 
Vencorps Presentation
Vencorps PresentationVencorps Presentation
Vencorps Presentation
 
Article with Title
Article with TitleArticle with Title
Article with Title
 
Extraordinary Financial Customer Experiences
Extraordinary Financial Customer ExperiencesExtraordinary Financial Customer Experiences
Extraordinary Financial Customer Experiences
 
ASIA PACIFIC RETAIL IN TRANSITION
ASIA PACIFIC RETAIL IN TRANSITIONASIA PACIFIC RETAIL IN TRANSITION
ASIA PACIFIC RETAIL IN TRANSITION
 
Full Smarter Commerce Global Summit Agenda
Full Smarter Commerce Global Summit AgendaFull Smarter Commerce Global Summit Agenda
Full Smarter Commerce Global Summit Agenda
 
Ultimate Guide to the New Buyers Journey
Ultimate Guide to the New Buyers JourneyUltimate Guide to the New Buyers Journey
Ultimate Guide to the New Buyers Journey
 
The ultimate guide to the new buyers journey
The ultimate guide to the new buyers journeyThe ultimate guide to the new buyers journey
The ultimate guide to the new buyers journey
 
Retail’s Omnichannel omnichallenge
Retail’s Omnichannel omnichallengeRetail’s Omnichannel omnichallenge
Retail’s Omnichannel omnichallenge
 
Courting the 21st century customer
Courting the 21st century customerCourting the 21st century customer
Courting the 21st century customer
 
IBM Smarter Commerce
IBM Smarter Commerce IBM Smarter Commerce
IBM Smarter Commerce
 
Mitigo Consulting Customer Advocacy Managed Services Presentation V1
Mitigo Consulting Customer Advocacy Managed Services Presentation V1Mitigo Consulting Customer Advocacy Managed Services Presentation V1
Mitigo Consulting Customer Advocacy Managed Services Presentation V1
 
Cashing in on analytics in the retail chain
Cashing in on analytics in the retail chain Cashing in on analytics in the retail chain
Cashing in on analytics in the retail chain
 
26 Tweetable Referral Stats
26 Tweetable Referral Stats26 Tweetable Referral Stats
26 Tweetable Referral Stats
 
Get Loyalty Smart - Sectors of Opportunity
Get Loyalty Smart - Sectors of OpportunityGet Loyalty Smart - Sectors of Opportunity
Get Loyalty Smart - Sectors of Opportunity
 
CUSTOMER RELATIONSHIP MANAGEMENT(CRM)
CUSTOMER RELATIONSHIP MANAGEMENT(CRM)CUSTOMER RELATIONSHIP MANAGEMENT(CRM)
CUSTOMER RELATIONSHIP MANAGEMENT(CRM)
 
[PwC Global] 10 retailer investments for an uncertain future
[PwC Global] 10 retailer investments for an uncertain future[PwC Global] 10 retailer investments for an uncertain future
[PwC Global] 10 retailer investments for an uncertain future
 
Net Margins: The Missing Dimension of Big Data
Net Margins: The Missing Dimension of Big DataNet Margins: The Missing Dimension of Big Data
Net Margins: The Missing Dimension of Big Data
 

Mais de Tata Consultancy Services

TCS Global Cloud Study – Continental Europe
TCS Global Cloud Study – Continental EuropeTCS Global Cloud Study – Continental Europe
TCS Global Cloud Study – Continental EuropeTata Consultancy Services
 
TCS Global Cloud Study – United Kingdom & Ireland
TCS Global Cloud Study – United Kingdom & Ireland TCS Global Cloud Study – United Kingdom & Ireland
TCS Global Cloud Study – United Kingdom & Ireland Tata Consultancy Services
 
TCS Retail Consumer Survey: US Key Findings Report
TCS Retail Consumer Survey: US Key Findings ReportTCS Retail Consumer Survey: US Key Findings Report
TCS Retail Consumer Survey: US Key Findings ReportTata Consultancy Services
 
TCS Retail Consumer Survey: UK Key Findings Report
TCS Retail Consumer Survey: UK Key Findings ReportTCS Retail Consumer Survey: UK Key Findings Report
TCS Retail Consumer Survey: UK Key Findings ReportTata Consultancy Services
 
Make risk and cybersecurity a boardroom agenda
Make risk and cybersecurity a boardroom agendaMake risk and cybersecurity a boardroom agenda
Make risk and cybersecurity a boardroom agendaTata Consultancy Services
 
Outlook for the mid-2020s - TCS 2021 Global Leadership Study
Outlook for the mid-2020s - TCS 2021 Global Leadership StudyOutlook for the mid-2020s - TCS 2021 Global Leadership Study
Outlook for the mid-2020s - TCS 2021 Global Leadership StudyTata Consultancy Services
 
TCS 2021 Global Financial Leadership Study - The Next Era in Financial Planni...
TCS 2021 Global Financial Leadership Study - The Next Era in Financial Planni...TCS 2021 Global Financial Leadership Study - The Next Era in Financial Planni...
TCS 2021 Global Financial Leadership Study - The Next Era in Financial Planni...Tata Consultancy Services
 
TCS 2021 Global Leadership Study: Key Findings Report
TCS 2021 Global Leadership Study: Key Findings ReportTCS 2021 Global Leadership Study: Key Findings Report
TCS 2021 Global Leadership Study: Key Findings ReportTata Consultancy Services
 
Protecting Sensitive Personal Data in the Enterprise
Protecting Sensitive Personal Data in the EnterpriseProtecting Sensitive Personal Data in the Enterprise
Protecting Sensitive Personal Data in the EnterpriseTata Consultancy Services
 
Leadership in the digital era: new mandates, mindsets, and mind melts
Leadership in the digital era: new mandates, mindsets, and mind meltsLeadership in the digital era: new mandates, mindsets, and mind melts
Leadership in the digital era: new mandates, mindsets, and mind meltsTata Consultancy Services
 
The digital capabilities of the most resilient retailers
The digital capabilities of the most resilient retailersThe digital capabilities of the most resilient retailers
The digital capabilities of the most resilient retailersTata Consultancy Services
 
Mastering the Post-Pandemic Logistics Revolution
Mastering the Post-Pandemic Logistics RevolutionMastering the Post-Pandemic Logistics Revolution
Mastering the Post-Pandemic Logistics RevolutionTata Consultancy Services
 
A new CMO role: leveraging an organization’s purpose for strategic advantage
A new CMO role: leveraging an organization’s purpose for strategic advantageA new CMO role: leveraging an organization’s purpose for strategic advantage
A new CMO role: leveraging an organization’s purpose for strategic advantageTata Consultancy Services
 
Digital Readiness and the Pandemic: Assessing the Impact
Digital Readiness and the Pandemic: Assessing the ImpactDigital Readiness and the Pandemic: Assessing the Impact
Digital Readiness and the Pandemic: Assessing the ImpactTata Consultancy Services
 
Reduce cost, improve coverage, and enhance effectiveness by using UAVs/Drones...
Reduce cost, improve coverage, and enhance effectiveness by using UAVs/Drones...Reduce cost, improve coverage, and enhance effectiveness by using UAVs/Drones...
Reduce cost, improve coverage, and enhance effectiveness by using UAVs/Drones...Tata Consultancy Services
 
Transforming Asset Inspection with “Insights-on-the-Go” using AR based hands-...
Transforming Asset Inspection with “Insights-on-the-Go” using AR based hands-...Transforming Asset Inspection with “Insights-on-the-Go” using AR based hands-...
Transforming Asset Inspection with “Insights-on-the-Go” using AR based hands-...Tata Consultancy Services
 

Mais de Tata Consultancy Services (20)

TCS Survey: The future of operations
TCS Survey:  The future of operationsTCS Survey:  The future of operations
TCS Survey: The future of operations
 
TCS Global Cloud Study – Key Findings
TCS Global Cloud Study – Key Findings TCS Global Cloud Study – Key Findings
TCS Global Cloud Study – Key Findings
 
TCS Global Cloud Study – North America
TCS Global Cloud Study – North AmericaTCS Global Cloud Study – North America
TCS Global Cloud Study – North America
 
TCS Global Cloud Study – Continental Europe
TCS Global Cloud Study – Continental EuropeTCS Global Cloud Study – Continental Europe
TCS Global Cloud Study – Continental Europe
 
TCS Global Cloud Study – United Kingdom & Ireland
TCS Global Cloud Study – United Kingdom & Ireland TCS Global Cloud Study – United Kingdom & Ireland
TCS Global Cloud Study – United Kingdom & Ireland
 
TCS Global Cloud Study – Asia-Pacific
TCS Global Cloud Study – Asia-Pacific TCS Global Cloud Study – Asia-Pacific
TCS Global Cloud Study – Asia-Pacific
 
TCS Retail Consumer Survey: US Key Findings Report
TCS Retail Consumer Survey: US Key Findings ReportTCS Retail Consumer Survey: US Key Findings Report
TCS Retail Consumer Survey: US Key Findings Report
 
TCS Retail Consumer Survey: UK Key Findings Report
TCS Retail Consumer Survey: UK Key Findings ReportTCS Retail Consumer Survey: UK Key Findings Report
TCS Retail Consumer Survey: UK Key Findings Report
 
Make risk and cybersecurity a boardroom agenda
Make risk and cybersecurity a boardroom agendaMake risk and cybersecurity a boardroom agenda
Make risk and cybersecurity a boardroom agenda
 
Outlook for the mid-2020s - TCS 2021 Global Leadership Study
Outlook for the mid-2020s - TCS 2021 Global Leadership StudyOutlook for the mid-2020s - TCS 2021 Global Leadership Study
Outlook for the mid-2020s - TCS 2021 Global Leadership Study
 
TCS 2021 Global Financial Leadership Study - The Next Era in Financial Planni...
TCS 2021 Global Financial Leadership Study - The Next Era in Financial Planni...TCS 2021 Global Financial Leadership Study - The Next Era in Financial Planni...
TCS 2021 Global Financial Leadership Study - The Next Era in Financial Planni...
 
TCS 2021 Global Leadership Study: Key Findings Report
TCS 2021 Global Leadership Study: Key Findings ReportTCS 2021 Global Leadership Study: Key Findings Report
TCS 2021 Global Leadership Study: Key Findings Report
 
Protecting Sensitive Personal Data in the Enterprise
Protecting Sensitive Personal Data in the EnterpriseProtecting Sensitive Personal Data in the Enterprise
Protecting Sensitive Personal Data in the Enterprise
 
Leadership in the digital era: new mandates, mindsets, and mind melts
Leadership in the digital era: new mandates, mindsets, and mind meltsLeadership in the digital era: new mandates, mindsets, and mind melts
Leadership in the digital era: new mandates, mindsets, and mind melts
 
The digital capabilities of the most resilient retailers
The digital capabilities of the most resilient retailersThe digital capabilities of the most resilient retailers
The digital capabilities of the most resilient retailers
 
Mastering the Post-Pandemic Logistics Revolution
Mastering the Post-Pandemic Logistics RevolutionMastering the Post-Pandemic Logistics Revolution
Mastering the Post-Pandemic Logistics Revolution
 
A new CMO role: leveraging an organization’s purpose for strategic advantage
A new CMO role: leveraging an organization’s purpose for strategic advantageA new CMO role: leveraging an organization’s purpose for strategic advantage
A new CMO role: leveraging an organization’s purpose for strategic advantage
 
Digital Readiness and the Pandemic: Assessing the Impact
Digital Readiness and the Pandemic: Assessing the ImpactDigital Readiness and the Pandemic: Assessing the Impact
Digital Readiness and the Pandemic: Assessing the Impact
 
Reduce cost, improve coverage, and enhance effectiveness by using UAVs/Drones...
Reduce cost, improve coverage, and enhance effectiveness by using UAVs/Drones...Reduce cost, improve coverage, and enhance effectiveness by using UAVs/Drones...
Reduce cost, improve coverage, and enhance effectiveness by using UAVs/Drones...
 
Transforming Asset Inspection with “Insights-on-the-Go” using AR based hands-...
Transforming Asset Inspection with “Insights-on-the-Go” using AR based hands-...Transforming Asset Inspection with “Insights-on-the-Go” using AR based hands-...
Transforming Asset Inspection with “Insights-on-the-Go” using AR based hands-...
 

Último

The Role of Taxonomy and Ontology in Semantic Layers - Heather Hedden.pdf
The Role of Taxonomy and Ontology in Semantic Layers - Heather Hedden.pdfThe Role of Taxonomy and Ontology in Semantic Layers - Heather Hedden.pdf
The Role of Taxonomy and Ontology in Semantic Layers - Heather Hedden.pdfEnterprise Knowledge
 
Scaling API-first – The story of a global engineering organization
Scaling API-first – The story of a global engineering organizationScaling API-first – The story of a global engineering organization
Scaling API-first – The story of a global engineering organizationRadu Cotescu
 
[2024]Digital Global Overview Report 2024 Meltwater.pdf
[2024]Digital Global Overview Report 2024 Meltwater.pdf[2024]Digital Global Overview Report 2024 Meltwater.pdf
[2024]Digital Global Overview Report 2024 Meltwater.pdfhans926745
 
Neo4j - How KGs are shaping the future of Generative AI at AWS Summit London ...
Neo4j - How KGs are shaping the future of Generative AI at AWS Summit London ...Neo4j - How KGs are shaping the future of Generative AI at AWS Summit London ...
Neo4j - How KGs are shaping the future of Generative AI at AWS Summit London ...Neo4j
 
Handwritten Text Recognition for manuscripts and early printed texts
Handwritten Text Recognition for manuscripts and early printed textsHandwritten Text Recognition for manuscripts and early printed texts
Handwritten Text Recognition for manuscripts and early printed textsMaria Levchenko
 
Slack Application Development 101 Slides
Slack Application Development 101 SlidesSlack Application Development 101 Slides
Slack Application Development 101 Slidespraypatel2
 
Mastering MySQL Database Architecture: Deep Dive into MySQL Shell and MySQL R...
Mastering MySQL Database Architecture: Deep Dive into MySQL Shell and MySQL R...Mastering MySQL Database Architecture: Deep Dive into MySQL Shell and MySQL R...
Mastering MySQL Database Architecture: Deep Dive into MySQL Shell and MySQL R...Miguel Araújo
 
Unblocking The Main Thread Solving ANRs and Frozen Frames
Unblocking The Main Thread Solving ANRs and Frozen FramesUnblocking The Main Thread Solving ANRs and Frozen Frames
Unblocking The Main Thread Solving ANRs and Frozen FramesSinan KOZAK
 
Salesforce Community Group Quito, Salesforce 101
Salesforce Community Group Quito, Salesforce 101Salesforce Community Group Quito, Salesforce 101
Salesforce Community Group Quito, Salesforce 101Paola De la Torre
 
Tata AIG General Insurance Company - Insurer Innovation Award 2024
Tata AIG General Insurance Company - Insurer Innovation Award 2024Tata AIG General Insurance Company - Insurer Innovation Award 2024
Tata AIG General Insurance Company - Insurer Innovation Award 2024The Digital Insurer
 
A Domino Admins Adventures (Engage 2024)
A Domino Admins Adventures (Engage 2024)A Domino Admins Adventures (Engage 2024)
A Domino Admins Adventures (Engage 2024)Gabriella Davis
 
Boost PC performance: How more available memory can improve productivity
Boost PC performance: How more available memory can improve productivityBoost PC performance: How more available memory can improve productivity
Boost PC performance: How more available memory can improve productivityPrincipled Technologies
 
Top 5 Benefits OF Using Muvi Live Paywall For Live Streams
Top 5 Benefits OF Using Muvi Live Paywall For Live StreamsTop 5 Benefits OF Using Muvi Live Paywall For Live Streams
Top 5 Benefits OF Using Muvi Live Paywall For Live StreamsRoshan Dwivedi
 
Histor y of HAM Radio presentation slide
Histor y of HAM Radio presentation slideHistor y of HAM Radio presentation slide
Histor y of HAM Radio presentation slidevu2urc
 
Apidays Singapore 2024 - Building Digital Trust in a Digital Economy by Veron...
Apidays Singapore 2024 - Building Digital Trust in a Digital Economy by Veron...Apidays Singapore 2024 - Building Digital Trust in a Digital Economy by Veron...
Apidays Singapore 2024 - Building Digital Trust in a Digital Economy by Veron...apidays
 
Exploring the Future Potential of AI-Enabled Smartphone Processors
Exploring the Future Potential of AI-Enabled Smartphone ProcessorsExploring the Future Potential of AI-Enabled Smartphone Processors
Exploring the Future Potential of AI-Enabled Smartphone Processorsdebabhi2
 
2024: Domino Containers - The Next Step. News from the Domino Container commu...
2024: Domino Containers - The Next Step. News from the Domino Container commu...2024: Domino Containers - The Next Step. News from the Domino Container commu...
2024: Domino Containers - The Next Step. News from the Domino Container commu...Martijn de Jong
 
Factors to Consider When Choosing Accounts Payable Services Providers.pptx
Factors to Consider When Choosing Accounts Payable Services Providers.pptxFactors to Consider When Choosing Accounts Payable Services Providers.pptx
Factors to Consider When Choosing Accounts Payable Services Providers.pptxKatpro Technologies
 
08448380779 Call Girls In Civil Lines Women Seeking Men
08448380779 Call Girls In Civil Lines Women Seeking Men08448380779 Call Girls In Civil Lines Women Seeking Men
08448380779 Call Girls In Civil Lines Women Seeking MenDelhi Call girls
 
08448380779 Call Girls In Diplomatic Enclave Women Seeking Men
08448380779 Call Girls In Diplomatic Enclave Women Seeking Men08448380779 Call Girls In Diplomatic Enclave Women Seeking Men
08448380779 Call Girls In Diplomatic Enclave Women Seeking MenDelhi Call girls
 

Último (20)

The Role of Taxonomy and Ontology in Semantic Layers - Heather Hedden.pdf
The Role of Taxonomy and Ontology in Semantic Layers - Heather Hedden.pdfThe Role of Taxonomy and Ontology in Semantic Layers - Heather Hedden.pdf
The Role of Taxonomy and Ontology in Semantic Layers - Heather Hedden.pdf
 
Scaling API-first – The story of a global engineering organization
Scaling API-first – The story of a global engineering organizationScaling API-first – The story of a global engineering organization
Scaling API-first – The story of a global engineering organization
 
[2024]Digital Global Overview Report 2024 Meltwater.pdf
[2024]Digital Global Overview Report 2024 Meltwater.pdf[2024]Digital Global Overview Report 2024 Meltwater.pdf
[2024]Digital Global Overview Report 2024 Meltwater.pdf
 
Neo4j - How KGs are shaping the future of Generative AI at AWS Summit London ...
Neo4j - How KGs are shaping the future of Generative AI at AWS Summit London ...Neo4j - How KGs are shaping the future of Generative AI at AWS Summit London ...
Neo4j - How KGs are shaping the future of Generative AI at AWS Summit London ...
 
Handwritten Text Recognition for manuscripts and early printed texts
Handwritten Text Recognition for manuscripts and early printed textsHandwritten Text Recognition for manuscripts and early printed texts
Handwritten Text Recognition for manuscripts and early printed texts
 
Slack Application Development 101 Slides
Slack Application Development 101 SlidesSlack Application Development 101 Slides
Slack Application Development 101 Slides
 
Mastering MySQL Database Architecture: Deep Dive into MySQL Shell and MySQL R...
Mastering MySQL Database Architecture: Deep Dive into MySQL Shell and MySQL R...Mastering MySQL Database Architecture: Deep Dive into MySQL Shell and MySQL R...
Mastering MySQL Database Architecture: Deep Dive into MySQL Shell and MySQL R...
 
Unblocking The Main Thread Solving ANRs and Frozen Frames
Unblocking The Main Thread Solving ANRs and Frozen FramesUnblocking The Main Thread Solving ANRs and Frozen Frames
Unblocking The Main Thread Solving ANRs and Frozen Frames
 
Salesforce Community Group Quito, Salesforce 101
Salesforce Community Group Quito, Salesforce 101Salesforce Community Group Quito, Salesforce 101
Salesforce Community Group Quito, Salesforce 101
 
Tata AIG General Insurance Company - Insurer Innovation Award 2024
Tata AIG General Insurance Company - Insurer Innovation Award 2024Tata AIG General Insurance Company - Insurer Innovation Award 2024
Tata AIG General Insurance Company - Insurer Innovation Award 2024
 
A Domino Admins Adventures (Engage 2024)
A Domino Admins Adventures (Engage 2024)A Domino Admins Adventures (Engage 2024)
A Domino Admins Adventures (Engage 2024)
 
Boost PC performance: How more available memory can improve productivity
Boost PC performance: How more available memory can improve productivityBoost PC performance: How more available memory can improve productivity
Boost PC performance: How more available memory can improve productivity
 
Top 5 Benefits OF Using Muvi Live Paywall For Live Streams
Top 5 Benefits OF Using Muvi Live Paywall For Live StreamsTop 5 Benefits OF Using Muvi Live Paywall For Live Streams
Top 5 Benefits OF Using Muvi Live Paywall For Live Streams
 
Histor y of HAM Radio presentation slide
Histor y of HAM Radio presentation slideHistor y of HAM Radio presentation slide
Histor y of HAM Radio presentation slide
 
Apidays Singapore 2024 - Building Digital Trust in a Digital Economy by Veron...
Apidays Singapore 2024 - Building Digital Trust in a Digital Economy by Veron...Apidays Singapore 2024 - Building Digital Trust in a Digital Economy by Veron...
Apidays Singapore 2024 - Building Digital Trust in a Digital Economy by Veron...
 
Exploring the Future Potential of AI-Enabled Smartphone Processors
Exploring the Future Potential of AI-Enabled Smartphone ProcessorsExploring the Future Potential of AI-Enabled Smartphone Processors
Exploring the Future Potential of AI-Enabled Smartphone Processors
 
2024: Domino Containers - The Next Step. News from the Domino Container commu...
2024: Domino Containers - The Next Step. News from the Domino Container commu...2024: Domino Containers - The Next Step. News from the Domino Container commu...
2024: Domino Containers - The Next Step. News from the Domino Container commu...
 
Factors to Consider When Choosing Accounts Payable Services Providers.pptx
Factors to Consider When Choosing Accounts Payable Services Providers.pptxFactors to Consider When Choosing Accounts Payable Services Providers.pptx
Factors to Consider When Choosing Accounts Payable Services Providers.pptx
 
08448380779 Call Girls In Civil Lines Women Seeking Men
08448380779 Call Girls In Civil Lines Women Seeking Men08448380779 Call Girls In Civil Lines Women Seeking Men
08448380779 Call Girls In Civil Lines Women Seeking Men
 
08448380779 Call Girls In Diplomatic Enclave Women Seeking Men
08448380779 Call Girls In Diplomatic Enclave Women Seeking Men08448380779 Call Girls In Diplomatic Enclave Women Seeking Men
08448380779 Call Girls In Diplomatic Enclave Women Seeking Men
 

Digital transformation: How retailers can thrive in the new digital environment

  • 1. Achieving Digital Transformation How retailers can thrive in the new digital environment RE TAILER $15-30B e to stim cr or at im ga ed e ni lo th ze s is d se ye re s d ar 1 ta ue il 1. 13% of dissatisfied customers tell more than 20 people 2 89% $1.2T Because customers know more, and expect more, you have to deliver more. More value, more service and more of what they are looking for. And when you do, you get more, too: customers, incremental sales, and positive reviews. 67% 18% Ecommerce sales are up from this time last year 2. Re-define the shopping experience 37% Abandoned shopping carts. Showrooming. Customer dis-loyalty. All of these are signs your shopping experience is less than what your newly empowered customers demand. Turn those metrics around by analyzing the why of abandonment, offering real-time, targeted promotions, and converting the tire-kickers into wallet-openers. Retailers expect $2.9B loss due to return fraud this holiday season11 5 50% Fewer than of retail businesses survive after four years6 6-7x It costs of shoppers abandon online shopping carts Only of consumers began doing business with a competitor following a poor customer experience4 in excess stockpiled merchandise3 Deliver value to empowered customers 86% of buyers will pay more for a better customer experience. But only 1% of customers feel that vendors consistently meet their expectations8 2014 more to acquire a new customer than retain an existing one7 3. Drive operational efficiencies Higher revenues are great, but only half the profit equation. New technologies give you the capabilities to better match supply and demand; connect partners, suppliers, and channels into one seamless order-to-sale supply chain; automate fulfillment and reduce customer support costs; and minimize losses due to fraud. Tata Consultancy Services delivers solutions that help organizations navigate the path to successful Digital Transformation. Through deep industry expertise, modular, customizable solutions that meet real needs, and an “experience certainty” commitment, TCS helps retailers stay ahead of customers’ needs and drive down costs. Sources: 1. FBI, 2. White House Office of Consumer Affairs, 3. IBM, 4. RightNow CEI Report, 5. US Census, 6. Entrepreneur Weekly, 7. Lee Resource, 8. RightNow CEI Report, 9. comScore, 10. Forrester, 11. National Retail Federation, 12. Neilsen, 13. EConsultancy, 14. Aberdeen 9 of brands received good or excellent customer experience scores this year10 90% of customers trust recommendations from their friends or peer groups 47% trust the company advertisements12 26% of companies have a welldeveloped strategy in place for improving the customer experience13 69% of retailers have no way of seeing their suppliers’ inventory14 www.tcs.com