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Retail real estate sector is booming: how digital transformation can help to succeed?

CMW Lab Blog

With the end of lockdown, the retail real estate sector showed significant growth in 2022. The forecasts for 2023 prove this tendency with a retail vacancy rate falling to 4,2%. In this article, we’ll explore some of the ways that digital transformation influences the real estate industry and the benefits it brings.

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The Power of EDI in Retail: Enhancing Collaboration & Speed

Astera

In this era of digital transformation, technology plays an increasingly pivotal role in shaping the future of retail operations. EDI (Electronic Data Interchange) serves as a digital bridge, facilitating the seamless exchange of business documents and transactions between retailers, suppliers, and other trading partners.

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From Traditional to Modern EDI: Navigating the Digital Transformation Journey

Astera

In the current business atmosphere where companies rely heavily rely on digital platforms, it’s vital to understand how data is exchanged and transformed. These processes were slow, error-prone, and cumbersome, particularly for sectors like retail where hundreds of such documents changed hands on a daily basis.

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ANSI X12 vs EDIFACT: Key Differences

Astera

EDI transmits data almost instantaneously — serving as a fast and efficient mode for exchanging business documents. It’s primarily used in North America for various industries, such as retail, healthcare, and logistics. ANSI X12 has a structured format for business documents with three-digit numeric codes (e.g.,

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4 Industries Benefiting from Data-Driven Mobile App Development

Smart Data Collective

They may use transactional, browsing or document data to create a full picture of the user, which businesses can use to improve their client experience or upsell products. (1). The influence of mobile browsing on offline retail sales is increasing year to year, and is expected to reach more than $1 trillion in 2021. (2).

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Empowering Sales to Provide the Best Customer Experience: Frucor Suntory’s SAP Innovation Journey

Timo Elliott

Here’s a quick summary of that document, exploring the challenges faced by Frucor Suntory, the solution implemented using SAP BTP, and the remarkable outcomes achieved. The success of this project exemplifies the power of innovation and the value of SAP BTP in driving digital transformation for businesses across industries.

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Why Every Retailer Needs an Augmented Reality Plan

Domo

The United States is, by any measure, a retail wonderland. 2 That translates into six times more retail space per person than exists in Europe or Japan. Retail’s huge impact on the U.S. economy can be seen in employment numbers, with two-thirds of states ranking retail as their largest occupation. million U.S. workforce.

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