Archive for January, 2010

NRF Top 10

Thursday, January 14th, 2010

NRF10Thank goodness AT&T was down all during NRF 2010.  It allowed me to focus on walking the floor without the distraction of various business associates trying to get in touch with me.  :-)

While I can’t say I didn’t miss something, I was able to cover the entire floor.  Here are the top 10 things I found of interest as it relates to technology which impacts the customer experience.

Very few of these will have a massive impact in the short run.  Some may not even be at NRF next year.  However, I believe they point towards the future of retail technology.  I will follow up with a blog post on each outlining what I believe to be their benefits as well as challenges they will have in achieving mainstream retail adoption.

  1. Intel/Microsoft Digital Display
  2. Fashionista by Rich Relevance
  3. IBM/Cisco Mobile Concierge
  4. Modiv
  5. IBM Social Media Data Mining
  6. Lightspeed by Xsilva
  7. Transaction Tree*
  8. Identity Mine Retail Map
  9. FaceCash
  10. Ikan

*full disclosure – I am not an investor, but I have been an informal advisor to Transaction Tree.  And I just happen to like them.

Update – after originally posting this, I learned that I missed Swagg, which would definitely have made the list.   More on them in a follow up post.

Mobile in Retail?

Saturday, January 9th, 2010

Just saw this posted at the Global Retail Executive Council blog.  This could explain the confusion I expressed in my previous post.

mobile poll

Mobile, Social Media and the Customer Experience

Friday, January 8th, 2010

iStock_000007369128XSmallJoe Skorupa, Editor-in-Chief, RIS News recently wrote a blog post entitled “Fearless Retail Predictions: Part 2.”  He interviewed a strong panel of industry analysts, technology vendors and one retailer to come up with a list of predictions for 2010.   The predictions were heavily slanted toward the use of mobile and social media technologies. 

However, when you juxtapose these predictions with a recent comment from the RIS/IHL Group Store 2010 Store Systems Study, something is not lining up. 

“In this year’s study, we also asked how retailers use technology to enhance the customer experience. Should technology be used front and center as part of the experience or behind the scenes? Nearly half of the respondents (48%) answered: “We use technology to enable speed and execution, but it is largely invisible to consumers other than speed through checkout.” In other words, the customer experience in the store is not tied to technology.”

I’m confused because I believe that the power of mobile and social media technologies lies in just that – enhancing the customer experience.  This survey is directed heavily at IT personnel (63% of respondents).    Perhaps retail IT executives don’t see mobile and social media technologies as enhancing the customer experience.  Perhaps they are just not involved with how these technologies are being leveraged. 

Based on my experience with retail executives, these tools are being investigated mainly by the marketing department led by ad agencies looking for ways to capitalize on the changing media landscape.    Agencies are proposing mobile applications, couponing services, location-based services, social media campaigns and other creative ways of tapping into the social and mobile scene; all without much IT involvement. 

CIO’s need to get their arms around these marketing efforts – not to control them, but to help the organization understand how to more fully leverage these technologies;  integrating mobile into multi-channel and loyalty efforts, integrating social media into business intelligence efforts.    If left to outside forces, opportunities to leverage these technologies to differentiate the customer experience may be diminished or lost.  When these tools are integrated into the retailers’ infrastructure, they will truly become technology which enables a differentiated customer experience.