"Digital Literacy and Systems
Bob Weiler, Executive Vice President of Oracle
Global Industries kicked off Oracle Industry Connect 2014 today – our brand new
event bringing together over a thousand industry executives from across the
world. The venue is jam-packed and buzzing with attendees talking business
priorities and discussing how technology can solve the drive for growth.
In his keynote, Oracle President Mark Hurd
enforced the stark truth that the world of commerce is now utterly dependent on
technology, driven by a consumer with a veracious appetite to engage and spend.
He discussed the complex challenge of investment to be driven by innovation,
with these key trends at the forefront of our minds: Globalization, Data
Explosion, Role of Mobility, Social Business, Sophisticated Business and
Modernize to Survive.
is here to talk to you in the context of your industry"
Mark encouraged attendees to explore and learn
over the two day conference, to hear from business leaders and thought leaders
that are truly committed to quality and innovation in service for their
customers. Taking an in-depth look at how Oracle, our partners and customers
are supporting consumers in their desire to participate actively in their
interaction with a business.
In service to the sophisticated, global and
mobile consumer, the Oracle Industry Connect conference explores how business
can empower its employees and consumers alike, increasing spend and loyalty and
supporting a profitable long-term relationship.
"An increasingly democratic
relationship between consumer and retailer is emerging"
As emphasized in today’s keynote by Dr. James I.
Cash, James E. Robison Professor of
Business Administration, Emeritus at Harvard Business School, digital literacy
and systems thinking are now essential business attributes, as is the
application of enabling technology within your business strategy.
Business can no longer be the benevolent
dictator - the commercial world now has become a true democracy and the level
of participation required by the consumer is defining this new model.
Oracle Retail’s latest research, launched
today, reveals just this trend – an increasingly democratic relationship is
emerging between digitally-empowered consumers and retailers, forcing retailers
to re-evaluate technology investments and strategic initiatives to capture
loyalty, drive spend and remain competitive.
The New Retail Democracy finds that consumers
are demanding better access to information, product and process, along with
more individualized interactions with retailers as they take ownership of their
retail experiences. This requires retailers to prioritize the provision of a commerce
anywhere business model to be relevant and competitive in today’s complex
To learn more, download our research