Data Standards: What Are They and Why Should I Be Involved? - Mary Shaw, IDEA
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Data Standards: What Are They and Why Should I Be Involved? - Mary Shaw, IDEA

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As economies and world markets continue to change, businesses are increasingly adopting cost-cutting, automation and risk management procedures. The key to cutting costs is through automation and ...

As economies and world markets continue to change, businesses are increasingly adopting cost-cutting, automation and risk management procedures. The key to cutting costs is through automation and standardization of data; both are critical pieces of your risk management plan. Standardizing and automating of your processes and data reduces the risk of "surprise events" that could be your company's undoing. This presentation shows you how participating in an industry committee to develop these standards gives you the upper hand against your competitors and helps you reduce your risk.

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Data Standards: What Are They and Why Should I Be Involved? - Mary Shaw, IDEA Data Standards: What Are They and Why Should I Be Involved? - Mary Shaw, IDEA Presentation Transcript

  • Setting the Standard
  • Embracing the Standard
  • © Copyright 2013. All rights reserved.© Copyright 2013. All rights reserved. IDEA e-Commerce and Data Standards What are they and why should I be involved? Presenter: Mary Shaw - IDEA E-Biz Forum 2013 Orlando, Florida
  • © Copyright 2013. All rights reserved.© Copyright 2013. All rights reserved. Standards Up Close and Personal Presenter: Mary Shaw - IDEA E-Biz Forum 2013 Orlando, Florida
  • © Copyright 2013. All rights reserved. E-Commerce Change “e-Commerce has altered the practice, timing, and technology of B2B and B2C commerce.” “Steady growth in B2B e-commerce has changed the cost and profit picture for companies worldwide.” “Survey Analysis: e-Commerce customers look to Cloud, Mobile and Transformational Change.” *Gartner E-Commerce Survey Analysis Report- July 2013*Council of Supply Chain Management Professionals - Supply Chain Quarterly 2011
  • © Copyright 2013. All rights reserved. U.S. Retail e-Commerce Sales 2013 – Q1&2 * U.S. Census Bureau
  • © Copyright 2013. All rights reserved. E-Commerce Data Successful e-Commerce Depends on Data Standards • Robust quality data enables: o Online Sales for B2B and B2C o Transactions over the Web o Web storefronts and shopping cart management o Personalization o Product visualization and recognition o Continued development of trading partner relationships *Gartner E-Commerce Survey Analysis Report- July 2013
  • © Copyright 2013. All rights reserved. Reduced cycle time (order to cash) Better Inventory management Increased productivity Lower cost of doing business Improved accuracy, fewer errors Minimized paper use (Green) e-Commerce and Data Standards Benefits
  • © Copyright 2013. All rights reserved.© Copyright 2013. All rights reserved.© Copyright 2013. All rights reserved. IDEA Industry Standards Committee Standards and Guidelines for Data Format, Structure and Appearance
  • © Copyright 2013. All rights reserved.© Copyright 2013. All rights reserved.© Copyright 2013. All rights reserved.© Copyright 2013. All rights reserved. IDEA Industry Standards Committee Standards for Data Communication and Exchange
  • © Copyright 2013. All rights reserved.© Copyright 2013. All rights reserved.© Copyright 2013. All rights reserved.© Copyright 2013. All rights reserved.© Copyright 2013. All rights reserved. IDEA Industry Standards Committee Standards and Guidelines for Retail Data Format and Structure
  • © Copyright 2013. All rights reserved. Electrical Industry Focused Standards Built by the Industry For the Industry Shared Across the Industry
  • © Copyright 2013. All rights reserved. Standards Up Close and Personal Who Are We? • We are You o We represent you, we are the voice of the industry • We are the Standards Bearers (EW August 2013) o A diverse group of passionate industry volunteers dedicated to helping the industry as a whole o We don’t believe “its someone else’s problem to solve” • We are a Family, an Industry Family o We want you to be part of the family too
  • Standards Up Close and Personal
  • © Copyright 2013. All rights reserved. Standards Up Close and Personal Why do we do it? • Improve communication o Openly discuss issues with trading partners and competitors alike • Learn o See business circumstances and needs from “the other side” • Improve business practices o Cut costs o Cut errors o Increase sales • Grow our circle of friends o ‘Giving more of the electrical industry a stake in making product data easier to handle for all involved’
  • Not Following Standards http://youtu.be/5hkNmus8eH0
  • Conforming to Standards http://youtu.be/m4YasAzGmfE
  • © Copyright 2013. All rights reserved. Get Involved How? • Register to participate on IDEA website: o http://www.idea-esolutions.com/setting-industry-standards/ • Contact: o Mary Shaw, IDEA Director eBusiness Standards  mshaw@idea4industry.com  703-562-4610
  • Eye Candy
  • © Copyright 2013. All rights reserved. © Copyright 2013. All rights reserved. 2900 Crystal Drive | Suite 500 | Arlington, VA 22202 P 703.562.4600 | F 703.562.4650 | info@idea4industry.com www.idea4industry.com