1 year ago

SAP: Tech Agility Essential for Retail's Future Success

SAP: Tech Agility Essential for Retail's Future Success
Retail’s future hinges on tech agility, says SAP’s André Bechtold · thehindubusinessline.com

Retail stores must be able to quickly change their ways of selling to keep up with what customers want and what is happening in the world.

SAP says technology is very important for this.

They are working on new tech for stores, like a special store in India where shopping is easy with new technology.

Businesses are expected to spend more and more on tech in retail.

This new tech helps stores try out new ideas without big risks and it keeps customers happy.

Key facts

Main Topic
Retail Technology
Company
SAP
Key Figure
André Bechtold
IT Spending Forecast
$283.8 billion by 2029
Partnership
SAP & Compass Group India
Location
Bengaluru, India

Quotes

Andre Bechtold

President & Head of SAP Industries & Experience, SAP SE

“The zone is based on real productive environments, so customers can see this is real software, not just a showcase. It’s also a new experience for our developers because they can build innovation for a productive landscape -- a customer environment, with a reduced risk of breaking it. It’s a win-win situation for us and customers because you can mitigate the risk while testing innovation. We can also demonstrate to our developers what they have worked on.”
thehindubusinessline.com
“Retail is always at the forefront of innovation, even during macroeconomic changes. During Covid, players not flexible enough to alter their commerce channel, from in-store to digital and back, fell behind. Customers must have the technical flexibility to react quickly because in retail, if you lose a consumer once, you need to double or triple the investment to get them back.”
thehindubusinessline.com

Vikas Chawla

MD and CEO of Compass Group India

“We’ve been at it since the blueprint stage in terms of designing this together. We believe it’s a best-in-class innovation and is the first frictionless market in India. It is a market that has wings to fly across customers as their needs evolve in terms of providing convenience.”
thehindubusinessline.com

Sources

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