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Audit & Risk Analysis India

How M-Pos outweigh old conventional customer experience

How Mpos outweigh old conventional customer experience mPOS is the gorilla of Indian payments industry. It is a revolution and has made it convenient for retailers and merchants to accept multiple payment modes in a matter of seconds. All they require is a smartphone and they accept all modes of payments. If you carry a smart phone, you can transfer payments through e-wallets, BHIM UPI etc. But is that all you have? There is a large horizon of payment modes preferred by Indian community. Its mPOS, it is just a mediocre device which helps you accept complex payment modes. And don’t miss the value-added services which can help you grow your business exponentially. It basically opens the opportunity to collect card payments, wallet and online payments, Cash withdrawal etc.[/vc_column_text][/vc_column][vc_column width=”1/2″][vc_single_image image=”7080″ img_size=”full”][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]However, we present five reasons why you NEED an mPOS for your business: Grow your sales: Customers today keep varying preferences, with affinity for card payments, e-wallets, UPI transactions etc. unevenly spread across regions. Allowing customers, the freedom to pay the mode they want, not only improves the experience, but also positively influence their willingness and capacity to pay. Track your customer data: An mPOS lend you track your customer preferences (including mobile numbers which you can save for future references). This can further help you maintain your existing customers by promoting engagement and connecting with your customers with offers, discounts and whatever. Go digitalize: With digital invoice, you can always secure your payments as well as provide text/mail receipts to your customer’s real time. It is simple, automated and does not require your time and training. Fast and convenient to accept payments: Have you ever thought about the convenience that your customer experiences when he is not required to stand in a queue to pay? Or even approach your billing or payment counter? mPOS makes payments as convenient and superb as you want. You can accept any kind of money, ANYTIME, ANYWHERE. A complete and hassle-free solution: Few companies do provide overall solution for payments acceptance along with the mPOS solution. But why does that matter? You need to assure that all your effort – to simplify the processes at your customer’s end – is not rendering those at your part increasingly complex.

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4 Reasons to choose Retail apps to reshaping customer experience & loyalty programs

[vc_row][vc_column width=”1/2″][vc_column_text]Smartphones are no more a luxury, and the convention means of shopping are not the only means. Research revealed that in the US, sales that occurred via smartphones swelled by 126 percent in 2018’s first quarter. The basis of any mobile app development company is to rebuild the traditional shopping exercise consequently improving the model of mobile marketing. A mobile app, for now, is not just the way to e-commerce but also for retail. For clients to satisfy their gratification as what they want, smartphone apps serve as a personal browsing and comparison tool in their hands. Mobile shopping is increasing its horizon for the convenience it provides. As an outcome, Trident Information Systems Pvt Ltd offer high-quality and cost-effective technology solutions[/vc_column_text][/vc_column][vc_column width=”1/2″][vc_single_image image=”7071″ img_size=”full”][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]It’s m-commerce, not e-commerce. A recently conducted survey, e-commerce carries more of 30 percent of the entire e-commerce and will grow exponentially. Mobile utilization is increasing at a lightning-speed rate than any of Google’s internal forecasts. The most paramount benefit of m-commerce to users is that it takes few seconds in transacting. Also, users can do transactions from remote area and at any time of the day. Users prefer more in swiping the relevant curated images as retailers make several kinds of offers for the business promotion. This is all because mobile app developers recognize the end-user needs and create customized apps that fulfil user expectations. People spend more time on Mobiles Apps than PCs. The m-commerce is thriving at an escape velocity that provides a platform for this kind of technology shift. As per statistic, 90 percent of all buyers spent most of their time on mobile apps. Buyers get access to ample of information about the business products or services quickly. 63% of Americans today like to use a mobile app for the smooth convenience that it offers. More engaging user experience UI-UX are key element of retail app development. User’s value using apps as each of them has their unique features, which often follow industry standards. Research reveals that most of the buyers and customers give an app a chance once or twice. Creating a feature-rich retail app by the developers is growing increasingly successful as it delivers an instant contact on the first-time users. Plethora of apps are available in the play store, but only a few of them make a difference. Mobile App growth is flaming There is a regular switch from mobile web to mobile app-based buying, which means that apps are more accessible and acceptable. The growth is increasing day by day, inspired by a massive ballooning in the number of mobile devices. Buyers use their smartphones to analyse what is around them, and retailers today needs to be smarter on efficient application of mobile app and satisfying the needs of mobile-empowered buyers Conclusion Developing successful and high-traffic mobile apps is the end-purpose of the development companies like Trident Information Systems Pvt Ltd. Numerous buyers still relish the in-store experience as they consider touch, see, and try products that they can’t do online – but that’s a less number of users. Retail app development benefits buyers with up-to-date market era. Mobile retail is entirely replacing the traditional retail as the favoured shopping means.[/vc_column_text][/vc_column][/vc_row]

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Let’s find, is IoT the Future of Mobile Applications?

[vc_row][vc_column width=”1/2″][vc_column_text]This is call of the hour, that people are showing enthusiasm for the technology and buying it to make their life effortless. On paramount side, adopting IoT in an organizations can also make themselves several steps ahead in terms of speed, precision, controllability, remote-operability, productivity, etc. In fact, IoT has begun to get the attention of people for both personal and business applications. Discussing IoT, talking about establishing a wireless network between devices, storing information from them and then taking decisions. The system encourages us in communicating with things and accessing them remotely, even from remote locations. This system can take over for home appliances, connected cars and many other things which can be controlled, and managed through embedded software, sensors, RFID’s, and the other type of connectivity[/vc_column_text][/vc_column][vc_column width=”1/2″][vc_single_image image=”7062″ img_size=”full”][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]The IoT has built a positive digital disruption in the technology world and is ready to touch base every aspect of our life, including our business concern. Here are some practical uses of IoT in businesses: Agriculture: Its years now, there is no innovation in this sector, moreover, this segment, almost has no technology used to keep the strength of crop up. However, now number of organizations are thinking of the using IoT techniques purposely designed and created for agriculture practices. At the critical level, IoT can help farmers effectively set the soil moisture, limit, controlling water usage and choosing the best fertilizer solution.   Ecommerce: Shopping experience for customer is now fundamental necessity for the organisation who are in ecommerce sector. Need to earn more money, then IoT will help you. It enables customers to effortlessly differentiate them from competitors. Ecommerce businesses use IoT to get insights about products popular on social engagement. Merchants can also use IoT in inventory management, logistics management, etc.   Healthcare: There are countless use cases of IoT in the healthcare segment. It can serve boom for patients, families, doctors, and other staff. We can see a rapidly growing market of IoT based healthcare apps ranging from remote patient monitoring checking to Equipment Monitoring solutions.   Enterprises: IoT has provided enterprises with an approach to connect employees, systems and other things and get more insight of every operation. IoT based enterprises enable organizations to boost their efficiency and chop down operational expenses.   Transportation: The transportation industry has spotted IoT as a technology made for them only. They can track things remotely, monitor how goods are being transported, and keep an eye on drivers and vehicles, their speed, and a lot more.   Manufacturing: IoT is profitable in the fields where both faster development, as well as the quality of products, are the critical factors for a higher Return on Investment (ROI). One of such fields is the manufacturing industries, and IoT has transformed it with things like big data, artificial intelligence (AI) and machine learning. As everything in the industry are running at great pace in order to be a part of competition and be best in this competitive world, therefore Trident Information Systems Pvt Ltd help to improve and resolve your pain points in your business routine,[/vc_column_text][/vc_column][/vc_row]

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Close the gap between the retail experience you offer and the one your customers expect

[vc_row][vc_column][vc_column_text] Close the gap between the retail experience you offer and the one your customers expect In the fight against the e-commerce giants, brick-and-mortar retailers have a winning card: customer experience. Many factors contribute to making an in-store experience unique and compelling. A curated product selection, an exciting and fresh atmosphere, and personal, one-on-one service are just some of the elements retailers can use to their advantage. Unfortunately, not all retailers seem to be playing their cards well. Last year alone, Accenture reports, 61% of customers stopped doing business with at least one company because of poor customer experience. Research by Omnico Retail Gap Barometer reveals an even darker figure: 72% of consumers actually see all shopping as a frustrating experience! Brick-and-mortar shopping was found to produce even more irritations than online, with over a quarter of respondents describing the average in-store shopping experience as poor. Going back to basics When talking about modern customer experiences, one of the most popular topics is in-store innovation. In the past few years, the availability of increasingly advanced, and affordable, technology has utterly transformed shopping. Today’s in-store experiences are a far cry from last decade’s weekly trips to the mall. However, the kind of tech some of the most innovative brands are experimenting with – from augmented reality, to holograms, to immersive multi-sensorial experiences – seem to be light years away from the bog-standard, uninspired customer journeys that too many retailers still offer. Most of the frustrating shopping experiences customers describe and report are attributable to one or more of the following factors: Unhelpful sales associates. Inconsistent cross-channel experiences. Poor personalization. Let’s take a closer look at each factor, and see what tools can help close the gap between what consumers expect and the current, disappointing experiences many retailers still offer. 1. Unhelpful sales associates The majority of retailers (61%) are confident that their store associates deliver great value and best-in-class assistance to customers, according to research by Forrester. Shoppers, however, disagree. Most (51%) consumers surveyed in the very same research believe that salespeople are not as knowledgeable about products as they should be. It is unsurprising, then, that very few consumers – less than one out of three – decide to rely on stores associates when they need to find a product. How can you fix this? Do you want your employees to deliver helpful, knowledgeable service? Then empower them to do so. This means giving them constant training, and the right technology. Training: Learning about products and excellent service should not be limited to the onboarding stage. Keep your staff up-to-date with what stock is coming in, and help them understand how each item can suit different customer needs. A shopper looking for new running shoes doesn’t want to hear “here is what we have” – or wait around while the sales associates tries to read the boxes to understand the difference between two pairs of sneakers. What the customer expects is solid, competent advice on what sole is better for rough terrains, or which model has the best arch support. The in-depth knowledge needed for this level of service does not come cheap: you need to invest time and resources in constant, thorough, focused training. Technology: Even with constant training, you can’t expect your employees to memorize your whole catalog and all your products’ features – especially in the days of endless aisles. A simple and affordable way to empower your employees to give more personal service is mobile Point of Sale. With a mobile POS in their hands, your employees can walk around the shop floor and give product information and one-on-one service to your customers where they are. On the POS, salespeople can quickly find all information on product details, variants, prices, and even real-time availability across all your locations. And it doesn’t end here. The best mobile POS systems also enable your employees to view, and show to customers, your whole product range, not just what you have in-store. A customer is looking for a specific type of paintbrush? Use the tablet to show the products available in your other locations and compare items side by side, with details and pictures. And to finish, you can close the sale on the spot. Yes – the best mobile POS take payments, too. 2. Inconsistent cross-channel experiences In today’s hyper-connected world, the points of interaction and purchase just keep on multiplying. People can buy the t-shirt their favorite rapper wears straight from the music video. They can purchase a necklace on the jewelry designer’s Facebook page. They can replenish their kitchen detergent by pushing the Amazon Dash button they keep next to the sink. They can buy a new pair of headphones on their mobile, and select to pick them up in their favorite store location, or at a delivery box close to their home. They can use voice recognition to ask Alexa about the best wine pairing with ossobuco – and get the bottle sent home. Across these increasingly diverse shopping moments, customers expect their experience with each retailer to be smooth and consistent – no glitches, no hitches, no disconnects. As consumer expectations keep on growing, the gap with what most retailers offer gets larger. According to BRP’s latest Customer Experience/Unified Commerce Survey, the majority of retailers still don’t offer basic cross-channel capabilities such as stock visibility, start-to-end order tracking, or cross-channel returns. A case in point: none of the retailers interviewed by BRP said they could offer effective “start anywhere, finish anywhere” (shared cart across channels) services. At the same time, almost 3 out of 4 (73%) consumers believe that this is a key capability. How can you bridge the gap? Unified commerce is the latest tendency in retail management systems. Unified commerce replaces all the separate, badly connected software solutions and databases retailers use across their business with just one, centralized, enterprise-wide software platform combining POS, mobile, Web, inventory management, customer information, and more. Within a unified commerce system, all information is maintained in one place, and shared and distributed instantly to all touchpoints. This means both your staff and customers can have access to the same, real-time data, including prices and offers, which and how much stock is available in each location, as well as customers’ shopping

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It’s all about connecting data to make smart decisions to improve manufacturing

The term IoT was first originated by Peter T. Lewis to narrate “the combination of people, processes, and technology with connectable devices and sensors to activate remote monitoring, status, manipulation, and evaluation of trends of such devices.” So the entitle has been around for a while now, but the idea still continues to develop and evolve as technology continues to facilitate through new hardware like sensors, and through the collection and analysis of data. So, how have the advancements in smart manufacturing affected the manufacturing business? Benefits of Smart Manufacturing Smart factories deploy smart manufacturing to gain production efficiencies, improve production quality and lower reaching to market. Machines can now address failure points and collect data that can be used to increase predictive and preventative maintenance, which in the long run improves uptime. Data analysis is used to predict and prevent failure; it indicates when intervention is required and suggest the necessary corrective actions. Troubleshooting is more systematic, which benefits both manufacturers and customers. Sensors, Connectivity and Data The entire concept of smart manufacturing plays around collecting and analysing the data. Sensors collect the data and networks transfer the data. If a device or piece of equipment on the floor is independent, it will not contribute to the collective understanding of the smart factory. Devices and machinery equipped with sensors have the ability to monitor, collect, exchange and analyse data – all without human interference. The sensors collect data, and communicate with correct information on the plant floor, as well as outside the plant (or from the outside in) faster, in order to make easier decisions. Every device that has the ability to collect intelligence needs to be on a backbone of some type that allows it to produce data or have data pulled out of it. New sensor with networks can be established, or sensors and data networking can be added to existing devices. As for the data itself, decisions need to be made that make the most sense for the manufacturing plant. How and where to house the data is one such decision – should it be kept in-house, or outside of the organisation walls? Data security is of important concern, so if data is stored off premises, remote connectivity and how to safely get into your system from the outside needs to be addressed. Auto component, in Particular Since automotive component manufacturing is the largest sector in the manufacturing industry, it permits special consideration in the IoT as it impacts manufacturers and their customers. In terms of complex components, the data gathered and analyzed can help ensure maximum replication in the process, consistent quality, and low defects. And again, the data also helps determine preventative machine maintenance which helps avoid unplanned break down. From the customer perspective, smart manufacturing provides various benefits for communication and visibility. Machine data collection and reporting provides the customer important timing information on project and production order status. And so it goes. The drive to glean more – and better – data from industrial equipment and systems will continue to improve productivity in all the sector as technology, sensors, and systems continue to evolve, to the benefit of the moulders and their customers.

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Dynamics 365 Business Central – Connect and Grow your Business

[vc_row][vc_column][vc_column_text] Dynamics 365 Business Central Dynamics 365 Business Central Modernize your business operations across finance, manufacturing, and supply chain to drive new growth. Dynamics 365 Business Central is designed for businesses looking for an all-in-one business management solution that’s easy to use and adapt. Connect your finances, sales, service, and operations to streamline business processes, improve customer interactions, and enable growth. An all-in-one business management solution An evolution of Dynamics NAV An intelligent and unified solution A member of the Dynamics family An application and a platform [/vc_column_text][vc_row_inner][vc_column_inner width=”1/2″][vc_column_text] Financial Management Make Informed Decisions Connect data across accounting, sales, purchasing, inventory, and customer interactions to get an end-to-end view of your business. Chart financial performance in real time with built-in Power BI dashboards. Accelerate Financial Close and Reporting Streamline accounts receivables and payables, and automatically reconcile accounts to close and report on financials quickly and accurately, while maintaining compliance. Improve Forecast Accuracy Refine financial forecasts by modeling and analyzing data across multiple dimensions. Customize reports using seamless Microsoft Excel integration. Basic General Ledger Set up a company and start posting to the general ledger, chart of accounts, general journals, VAT facilities, recurring journals, and source codes. Budgets Work with budgets in general ledger accounts. Deferrals Set up deferral templates that automate the process of deferring revenues and expenses over a pre-defined schedule. Basic Fixed Assets Keep track of fixed assets and related transactions such as acquisitions, depreciations, write-downs, appreciations, and disposals. Basic Receivables Post sales transactions in journals and manage receivables; register customers and manage receivables using general journals. Dimensions Add unlimited dimensions to any ledger for advanced transaction analyses. Audit Trails The system automatically assigns audit trails and posting descriptions to every transaction. In addition, users can define reason codes to create complementary audit trails. Bank Account Management Create, operate, and manage multiple bank accounts for catering to your diverse business needs and across different currencies. Reconciliation Reconcile your bank statement data automatically to open bank account ledger entries end to keep track of all your bank statements. Currencies Manage multiple currencies throughout the system, including payables and receivables, general ledger reports, resource and inventory items, and bank accounts. [/vc_column_text][vc_column_text] Human Resource Employees Group and track employee information and organize employee data according to different types of information, such as experience, skills, education, training, and union membership. Expense Management Post expenses against employee cards to track and reimburse their expenses.[/vc_column_text][vc_column_text] Project Management Stay on Budget Create, manage, and track customer projects using timesheets along with advanced job costing and reporting capabilities. Develop, modify, and control budgets to ensure project profitability. Plan with Precision Manage resource levels by planning capacity and sales. Track invoicing for customers against planned costs on orders and quotes. Analyze Project Performance Make effective decisions with real-time insight on project status, profitability, and resource-usage metrics. Resources Register and sell resources, combine related resources into one resource group or track individual resources. Estimates Monitor resource usage and get a complete overview of your capacity for each resource with information about availability and planned costs on orders and quotes. Jobs Keep track of usage on jobs and data for invoicing the customer. Manage both fixed-price jobs and time-and-materials jobs. Timesheets Timesheets are a simple and flexible solution for time registration with manager approval and integrate with Service, Jobs, and Basic Resources. Multiple Languages Switch languages on the client in real time provided that the desired language is available. Reason Codes Define a set of reason codes that can be assigned to individual transactions throughout the system, providing user-defined audit trails. Extended Text Set up an unlimited number of lines to describe inventory items, resources, and general ledger accounts. Intrastat Reporting Automatically retrieve the necessary data to report Intrastat information to statistics authorities. Local customs authorities can inform you whether your company is obligated to file such a report. Outlook Integration Synchronize your to-do items and your contacts with your meetings, tasks, and contacts in Outlook. [/vc_column_text][vc_column_text] Empower Everyone with Ictionable insight with Power BI Make Data Driven Decisions See all your data through a single pane of glass. Live Power BI dashboards and reports include visualizations and KPIs from your data in the cloud and on-premises, offering a consolidated view across your business, regardless of where your data lives. Build Intelligence into your Apps Make all your apps smarter when you collect and infuse all the data captured across your organization. Bring the power of the Business Application Platform, Power BI, and your apps together to deliver actionable insights. Use Common Data Service for Analytics Remove data silos to drive intelligence across your organization by connecting data from Dynamics 365 and your other business apps with Common Data Service for Analytics. Apps that Transform the Way you do Business Create An App for Every Task Build visually stunning apps that take advantage of device capabilities like cameras, GPS, and pen controls, run on any device, and are completely customized for your business requirements. Incorporate Powerful Workflow Automation Integrate Microsoft Flow workflows to automate virtually any process including notifications, data collection, and approval routing—all without writing a single line of code. Use Common Data Service for Apps Consolidate your data in Common Data Service for Apps. It’s the foundation for your apps and includes a set of over 200 standard business entities and relationships. [/vc_column_text][/vc_column_inner][vc_column_inner width=”1/2″][vc_column_text] Customer Relationship Management Deliver Value at Every Touch Point Prioritize sales leads based on revenue potential. Keep track of all customer interactions and get guidance on best upsell, cross-sell, and renewal opportunities throughout your sales cycle. Boost Sales Productivity Accelerate the quote to cash process. Act quickly on sales-related inquiries, manage service requests, and process payments—all from within Outlook. Maximize Profitability Gain a comprehensive overview of your service tasks, workloads, and employee skills to effectively assign resources and accelerate case resolution. Contacts Maintain an overview of your contacts and record your contact information for all business relationships. Campaigns Organize campaigns based on segments of your contacts that you define. Opportunity Management Keep

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Connect Anything, Change Everything – Seamlessly Integrate Data and Processes

Digital transformation is a business reality. As a growing business, you want to make sure that implementing or upgrading a new system will have minimal interference to your operations and infrastructure. Trident can help seamlessly integrate applications, data, and processes. This will enable you to operate at exceptional speed and agility in an ever-changing world. Leverage the power, security, and flexibility of Azure — Microsoft’s integrated cloud services platform that IT professionals use to build, deploy, and manage applications through a global network of datacenters. With Azure, you can deploy anywhere with your choice of tools — connecting to the cloud or on-premises with hybrid cloud capabilities for maximum portability and value from your existing investments. Microsoft Flow – Automate Process & Tasks Work less, do more.  Create automated workflows between your favorite apps and services to get notifications, synchronize files, collect data, and more.  The simplified interface removes the need to code secure handshakes between apps, logging rules and mapping, as this is all performed as part of the Flow eco-system. Work Seamlessly with On-Premise Data Flow lets you securely connect to on-premises data and cloud based services, so you can make the most of the data you already have. Multi-Step Flows & Conditions Turn repetitive tasks into multistep workflows. For example, with a few clicks capture tweets and add them as leads in Dynamics 365, subscribers in Mailchimp, and more.  Make decisions in your workflow, like running an action only when certain conditions are met. Secure Prevent sensitive data from leaving your company using built-in or customized data prevention loss.  Inherit the security from your LOB and productivity applications. Right Data, Right Place at Right Time The success of your implementation relies on having the right data, in the right place at the right time.  With multiple integration methods at our disposal, our team of integration consultants will architect a solution that ensures the productivity of your business flows at a rapid rate and that your sales team has all the insights possible to close the deals.  No matter what product you need to integrate, whether on-premise or cloud we have the capabilities for you. Our most common integrations are between Microsoft Dynamics 365 for Sales and Dynamics 365 for Operations. Common Data Service The Microsoft Common Data Service is your place to exchange information both for Microsoft Dynamics 365 as well as other platforms. Having the right organizational data stores that allow you a single view of all your data elements in a service that supports easy interchange of data between applications will allow you to expand your offering rapidly. From website integration, mobile applications, productivity applications and line of business applications – you can have a single source of the truth for all data exchanged. Use the common data service to support your business growth

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Announced new AI and mixed reality business applications for Microsoft Dynamics

Our vision for business applications at Microsoft We live in a connected world where companies are challenged every day to innovate so they can stay ahead of emerging trends and repivot business models to take advantage of new opportunities to meet growing customer demands. To innovate, organizations need to reimagine their processes. They need solutions that are modern, enabling new experiences for how they can engage their customers while making their people more productive. They need unified systems that break data silos, so they have a holistic view of their business, customers and employees. They need pervasive intelligence threaded throughout the platform, giving them the ability to reason over data, to predict trends and drive proactive intelligent action. And with adaptable applications, they can be nimble, allowing them to take advantage of the next opportunity that comes their way. Two years ago, when we introduced Dynamics 365 we started a journey to tear down the traditional silos of customer relationship management (CRM) and enterprise resource planning (ERP). We set out to reimagine business applications as modern, unified, intelligent and adaptable solutions that are integrated with Office 365 and natively built on Microsoft Azure. With the release of our new AI and mixed reality applications we are taking another step forward on our journey to help empower every organization on the planet to achieve more through the accelerant of business applications. Specifically, today we are making the following announcements: Dynamics 365 + AI First, I am happy to announce the coming availability of a new Dynamics 365 AI offering — a new class of AI applications that will deliver out-of-the-box insights by unifying data and infusing it with advanced intelligence to guide decisions and empower organizations to take informed actions. And because these insights are easily extensible through the power of Microsoft Power BI, Azure and the Common Data Service, organizations will be able to address even the most complex scenarios specific to their business. Dynamics 365 AI for Sales: AI can help salespeople prioritize their time to focus on deals that matter most, provide answers to the most common questions regarding the performance of sales teams, offer a detailed analysis of the sales pipeline, and surface insights that enable smarter coaching of sales teams. Dynamics 365 AI for Customer Service: With Microsoft’s AI and natural language understanding, customer service data can surface automated insights that help guide employees to take action and can even leverage virtual agents to help lower support costs and enable delightful customer experiences, all without needing in-house AI experts and without writing any code. Dynamics 365 AI for Market Insights: Helps empower your marketing, social media and market research teams to make better decisions with market insights. Marketers can improve customer relationships with actionable web and social insights to engage in relevant conversations and respond faster to trends. To help bring this to life, today we released a video with our CEO, Satya Nadella, and Navrina Singh, a member of our Dynamics 365 engineering team, showing examples of ways we’re bringing the power of AI to customer service organizations. Dynamics 365 + Mixed Reality Our second announcement of the day centers on the work we are doing to bring mixed reality and business applications together. Since the release of Microsoft HoloLens over two years ago, the team has learned a lot from customers and partners. The momentum that HoloLens has received within the commercial space has been overwhelmingly positive. This has been supported by increased demand and deployment from some of the world’s most innovative companies. We recognize that many employees need information in context to apply their knowledge and craft. Not only on a 2-D screen — but information and data in context, at the right place, and at the right time, so employees can produce even greater impact for their organizations. Mixed reality is a technology uniquely suited to do exactly that. This is a whole new kind of business application. And that’s precisely what we’re introducing today, Dynamics 365 Remote Assist and Dynamics 365 Layout. Today, we also showcased for the first time how Chevron is deploying HoloLens to take advantage of Dynamics 365 mixed reality business applications. Chevron is already achieving real, measurable results with its global HoloLens deployment. Previously it was required to fly in an inspector from Houston to a facility in Singapore once a month to inspect equipment. Now it has in-time inspection using Dynamics 365 Remote Assist and can identify issues or provide approvals immediately. In addition, remote collaboration and assistance have helped the company operate more safely in a better work environment, serving as a connection point between firstline workers and remote experts, as well as cutting down on travel and eliminating risks associated with employee travel. Here is a peek into the work Chevron is doing with mixed reality: Unlock what’s next with the Dynamics 365 October 2018 release Next week at Microsoft Ignite and Microsoft Envision we’ll be in Orlando talking with thousands of customers, partners, developers, and IT and business leaders about our October 2018 release for Dynamics 365 and the Power platform that will be generally available Oct. 1. The wave of innovation this represents across the entire product family is significant, with hundreds of new capabilities and features. We will have a lot more to talk about in the weeks and months ahead. We look forward to sharing more!   Note: Original Content Source is Microsoft Official Site : https://blogs.microsoft.com/blog/2018/09/18/announcing-new-ai-and-mixed-reality-business-applications-for-microsoft-dynamics/

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How to use your loyalty program to enhance the customer experience in-store

There is no doubt that loyalty programs can bring great benefits to customers and businesses alike. In fact, 81 percent of consumers say that loyalty programs make them more likely to continue doing business with brands, while 66 percent modify their spending to maximize loyalty benefits, according to Bond and Visa’s Loyalty Report. As a rich source of data and personalized engagement, loyalty programs also bring great opportunities to create a superior customer experience. But so far this potential is largely untapped: only 22 percent of loyalty program members currently think they get a better experience than non-members. Using your loyalty program to create a unique customer experience in-store is a great way to engage on a personal level and bring people closer to your brand. Here are our tips on how you can use your loyalty program to create a unique customer experience in-store. 1. Offer personalized rewards Knowing who your customer is, and creating rewards especially for them, can be a great way to enhance the in-store experience. Two key ingredients make this possible: data and the right technology. You already have the data, and a customer who has your loyalty app will have given you permission to use it. To get the best from that data you need to be able to analyze it, and create insightful offers and identify opportunities for personalized recommendations that can increase sales – all in real time. Putting the analytical power of artificial intelligence to work through your loyalty app can empower you to create a rich, personalized in-store experience. To personalize your loyalty program rewards in-store: Analyze the customer’s interactions on all your touch points – online, mobile, kiosk, social media and face-to-face – to create in-store rewards that match their interests and shopping history. Use a product recommendation engine to suggest ideas based on the customer’s loyalty program data. For example, you could recommend accessories to complement the suit they just bought, or invite them to look at a new collection that includes their favorite colorways. With the customer’s permission, use GPS with their mobile loyalty app to identify them when they’re close to the store. Then staff can be ready to greet them by name and give them personalized, up-to-date offers and advice. You can also give customers a great reason to come into the store by having in-store rewards and offers pop up on their loyalty app when they’re close by. 2. Make the customer feel privileged Making loyalty program members feel like part of an elite group will really enhance the in-store experience. It can be as simple as putting them at the head of the queue for the latest cool products or giving them members-only privileges in the store. To set your loyalty program members apart from other customers: Invite loyalty program members to collect free samples of the latest products in-store. Offer members the first chance to buy hot new products before they go on general sale. Provide members-only special offers and discounts throughout the store. Create an exclusive area in the store where your loyalty program members can relax and enjoy a free drink. Offer higher-value, exclusive rewards for the members who spend the most or shop most regularly in your stores. 3. Create special events Putting on an event especially for loyal customers is guaranteed to make them feel special. A lot of retailers invite customers to share information about their hobbies and interest, and you can use this data to get groups of like-minded loyalty program members together in your store. To create events that make loyalty program members feel truly special: Invite members to exclusive new-season previews of their favorite brands. Hold a party in-store especially for loyalty program members. Include drinks and nibbles to relax your guests and give them personalized discounts, a treat (for example, invite your loyal customers who are make-up fans and give them a stylist makeover) or made-for-the-occasion gifts that are not available for sale. Invite loyalty program members to meet the experts and learn about the subjects that interest them. It could be a top chef who will demonstrate cooking techniques, a fashion designer with exclusive insights on the latest trends, or an expert who can answer questions about pet care – anything that will captivate your loyalty program members. Invite the customer to the store for special treatment to mark personal events like their birthday, wedding, or the anniversary of their loyalty club membership. Tie it all together Your loyalty program, combined with the physical space of your store, holds untold opportunities to let your best customers know how much they mean to you. In order to give them a VIP experience, though, the right technology is necessary. A system that ties together information from all touchpoints (loyalty app, Point of Sale, CRM) enables you to manage everything – from offers, to personalized recommendations, to special events – seamlessly in the same platform gives you a unified view of your customer and all your interactions is a fundamental tool in the journey to being customer-centric. When all information is stored in the same place, you can easily access and analyze your customer data, and use the insights – alongside some creative thinking – to create an in-store experience that is personal, engaging and makes your best customers feel truly valued.

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What retail CEOs need to know to lead their business into the future

According to The DNA of the Future Retail CEO from the World Retail Congress, the top two current and future technical skills for retail CEOs are: Understanding of digital commerce and omni-channel Data/insight driven approach The expert panel went on to say that the future retail CEO needs to be data driven “in the extreme”. Meanwhile, Korn Ferry Institute’s study of UK retail CEOs led them to say that the new retail CEO needs to be experienced with both budget and strategy. That is a demanding list of attributes for anyone. Luckily, CEOs are not alone in managing their retail companies, no matter how big or small those companies may be. The right technology, along with the right people, can make the difference between shooting in the dark and creating a company strategy that is based on the most up-to-date and accurate information possible for unified commerce. That is right, retail technology changes quickly. Keeping up with change and coping with it is one attribute of a leader-type CEO, according to research at Harvard Business School. More importantly, the researchers at Harvard found that being a leader-type CEO is linked with better outcomes for the company. But how can one person stay on top of the newest technological, financial, and retail trends? Here are some tips. 1) Have unified commerce technology for all your sales channels Unified commerce is a step beyond omni-channel in that it brings together various, integrated systems into one platform. No matter what your company sells and where it sells it, your software should be a single-platform solution for e-commerce, m-commerce, and in-person sales. Pieced together systems, no matter how integrated, cost more money, and lead to lags in getting the data – or even to data not matching across the various channels. That means that you are missing out on important insights needed to make crucial strategic decisions. A unified system gives you the data you need quickly and easily so you can make long-term and day-to-day business decisions. 2) Have unified commerce technology for your core business functions Unified commerce is not just about retail channels. A truly unified commerce system allows the front end and back end to talk seamlessly together. This means that tracking financials along with inventory, sales, customer satisfaction, and all other moving pieces of retail is possible in one system. What seems almost impossible if the company is running on different ERP, POS, and inventory systems, becomes smooth and consistent with the right technology. Data can flow freely from one area to the other. With the right business intelligence tools, you can make the connections between various aspects of your company to make better business decisions. 3) Set the goals for your company, but be able to cope with change Retail changes quickly, but a retail leader can’t run after every shift that happens in the industry. Richard Branson, who got his start in retail, said in a recent interview with Freakonomics Radio that it is important for the head of the company to set the vision. At the same time, Branson has pivoted from retail music sales, to mobile technology, to airlines, so he understands the importance of changing course when needed. In order to change course, you first need to know where you are. Perhaps the change is to launch a series of pop-up stores. You then need to know how this kind of project fits with the overall vision of the company before jumping on the trend. At the same time, you can’t turn your back on a change that will help your business keep up with the modern pace of the industry. 4) Know how your retail business is doing and where it is going Antoine de Saint-Exupéry famously said that “a goal without a plan is just a wish.” A strategic retail CEO doesn’t make wishes for the company, he or she sets goals and has a plan to track their success. If the retail goal is to sell more products online, the data-driven CEO needs to know where sales were before setting the goal, what data to monitor and how to track that data to know if the goal is being met. This is where key performance indicators, or KPIs, come in. KPIs are exactly the measures that the retail CEO of today and the future needs to track how the company is doing financially and beyond. A unified commerce platform helps you collect and maintain in one place all the KPIs you need to track. It also enables you to easily split them between channels, product types and even individual products, so you get the level of detail you want for your decisions. In The DNA of the Future Retail CEO, only 31% of the retail experts asked said that the retail CEO of the future will have the technical skills needed for unified commerce and to make data-driven decisions. Prove them wrong! Don’t be left behind as retail moves into the future. Be the strategic leader your company needs, with the right systems and data to support the decisions you make for your company

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