Seminar to focus on key areas of retail industry

DUBAI - Retail Technology Forum (RTF), a platform for the retail industry to promote use of latest technologies for accelerated retail growth, announced its plans for promoting "Emerging Technologies" for the retail industry. As part of the initiatives, RTF is conducting a workshop on Business Intelligence today.

By A Staff Reporter

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Published: Tue 27 Jul 2004, 9:41 AM

Last updated: Thu 2 Apr 2015, 11:59 AM

Making the announcement Ramakrishnan, promoter of RTF, said the technology related to the retail industry has not been keeping pace. "There are clearly identified trouble areas. Retail Technology Forum was conceived to address these concerns."

Retail technology forum works in association with key industry players and will address key result areas of retail industry with a focus on comprehensive technology solution needs. The forum is expected to bridge this gap between the opportunity and challenges in the retail industry by regularly interfacing with retail industry and technology companies to highlight the benefits of technology for the retail industry

"Emerging Technologies like - Front Office (Point of Sale, Retail and Scanning), Back Office (ERP, CRM), Inventory and Warehousing, Training and Change Management, Loyalty, Market and Business Intelligence are already changing the face of the retail industry world-wide. We will have to sooner or later adapt to these technologies in this region. This is the gap that RTF hopes to fulfil," said Ramakrishnan.

"Business Intelligence (BI) is the art and science of proactively gathering and analysing critical business data for use in business decision support, corporate performance management, and customer relationship management (CRM). Business Intelligence helps understand the inner workings of any corporation and to predict the future impact of current decisions. BI allows for gathering, storing, accessing and analyzing data to help top management make better decisions," explained Ramakrishnan.

This seminar is part of the Retail Technology Forum's activities which include a Quarterly CEO's Meeting, Strategy and Global Trends, Monthly CXO's Meetings, Technology Specific Discussions, Periodic Newsletter addressing Market Trend, Research and Technology

"We realise that the Retail Industry will benefit form these Emerging Technologies, if they adopt them and harness their power. We hope that this forum will be a catalyst towards this end. We will continue in our efforts to endorse and encourage the retail industry towards implementing these emerging technologies," concluded Ramakrishnan.

Retail Technology Forum is the initiative of CEM Business Solutions Fz LLC designed to update the retail industry on the tools and technologies to meet the challenges of the booming retail market. The retail technology forum works in association with key industry players and will address key result areas of retail industry with a focus on comprehensive solution needs.

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