By Sarah E Taylor-Oracle on Mar 25, 2014
"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.
"Oracle 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 global marketplace.
To learn more, download our research whitepaper. http://www.oracle.com/newretaildemocracy