TCS Retail Insights, Issue 5, Feb 2015
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This edition of Forum presents 4 articles which discuss how retailers can ‘Reimagine Innovation’ by approaching it methodically and laying the correct foundation. Read http://on.tcs.com/Retail-Forum-5
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TCS Retail Insights, Issue 5, Feb 2015
- 1. 1 Copyright © 2015 Tata Consultancy Services Limited Forum TCS Retail Insights February 2015, Issue 5
- 2. 2 Forum TCS Retail Insights, Feb 2015, Issue 5 Don’t believe in Innovation Cliché. Approach to Innovation needs re-thinking. ‘Reimagine Innovation’
- 3. 3 Contents 1. Accelerating Innovation: Four Levers for CIO Success 2. Innovation Imperatives for Retail Enterprises: Towards a Future Ready IT Framework 3. Robotics-As-A-Service: Transforming the Future of Retail 4. From ‘Inspiring’ to ‘Leading’ Innovation: DARE to Innovate Forum Forum TCS Retail Insights, Feb 2015, Issue 5
- 4. 4 Forum TCS Retail Insights, Feb 2015, Issue 5 Accelerating Innovation: Four Levers for CIO Success Tweet thisDownload
- 5. 5 Accelerating Innovation Four Levers for CIO Success KEY INSIGHTS: • Retail CIOs must promote IT-led innovation and participate in business innovation. • Build a mechanism to constantly monitor the technology landscape and consider both near and long-term innovation opportunities. • Make innovation a company-wide aspiration and encourage all employees to be creatively dissatisfied with the status quo. • Enterprises should extend innovation beyond the organization and adopt open innovation. Forum TCS Retail Insights, Feb 2015, Issue 5 Tweet thisDownload Forum
- 6. 6 Forum TCS Retail Insights, Feb 2015, Issue 5 Tweet thisDownload Innovation Imperatives for Retail Enterprises: Towards a Future Ready IT Framework
- 7. 7 Innovation Imperatives for Retail Enterprises Towards a Future Ready IT Framework KEY INSIGHTS: • Business landscape is witnessing blurring of boundaries between various industries resulting in emergence of new industries with disruptive value propositions. • To be successful with disruptive innovation initiatives, retailers need to foster an innovation ecosystem, prototype and pilot new ideas, and implement ideas rapidly and manage change across the enterprise. • Innovation is both business and technology imperative. A flexible and constantly evolving architecture to support the IT frameworks serves as the foundation for innovation-led business transformations. Forum TCS Retail Insights, Feb2015, Issue 5 Tweet thisDownload Forum
- 8. 8 Forum TCS Retail Insights, Feb 2015, Issue 5 Tweet thisDownload Robotics-As-A-Service: Transforming the Future of Retail
- 9. 9 Robotics-As-A-Service Transforming the Future of Retail KEY INSIGHTS: • Smart robots are triggering retail innovation that can have a positive impact across the retail value chain. • The nexus of Robotics-Analytics-Cloud (RAC) can fundamentally change the way retail enterprises conduct businesses and connect with their customers. • Robotics-as-a-Service (RaaS) business model built on RAC framework can help retailers embrace smart robots in their ecosystem. • RaaS model can provide retailers with opportunities to reduce costs, improve organizational efficiency, enhance customer experience, and in turn, drive profits. Forum TCS Retail Insights, Feb 2015, Issue 5 Tweet thisDownload Forum
- 10. 10 Forum TCS Retail Insights, Feb 2015, Issue 5 Tweet thisDownload From ‘Inspiring’ to ‘Leading’ Innovation: DARE to Innovate
- 11. 11 From ‘Inspiring’ to ‘Leading’ Innovation DARE to Innovate KEY INSIGHTS: • Innovation in retail is not that ‘Eureka’ moment but a gradual transformational journey that follows a three-tier process. • From inspiring innovation to leading innovation, retailers need to undergo a gradual transformation, balancing their current core competencies, and exploring future opportunities. • For retailers who aspire to embrace IT-driven innovation in a structured way, the TCS DARE Innovation Framework offers a comprehensive blueprint. • The passion to innovate should pervade across the enterprise, achieving breakthrough results in work processes, the use of technology to connect across the enterprise, and in enhancing customer interaction and engagement. Forum TCS Retail Insights, Feb 2015, Issue 5 Tweet thisDownload Forum
- 12. Thank You IT Services Business Solutions Consulting Forum TCS - Retail Journal February 2015, Issue 5 Download Contact a Consultant