Accelerating Innovation in the Retail Industry

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How standards, such as those provided by www.nrf-arts.org, can help retailers with innovation. More at https://blogs.oracle.com/retail/entry/standards_accelerate_innovation and https://blogs.oracle.com/retail/entry/five_ways_to_seed_innovation.

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Accelerating Innovation in the Retail Industry

  1. 1. Accelerating Innovation David Dorf Sr. Director, Tech Strategy @dordav
  2. 2. Retail Industry Innovation
  3. 3. Innovation AdoptionStandardization
  4. 4. ARTS provides early information and guidance on emerging technologies ARTS provides standardization to reduce costs and increase adoption Database XML Schemas ARTS provides RFPs Training Don’t beDon’t be that guy!that guy! Whitepapers Blueprints Webinars ARTS provides education and outreach to spread the word Training Conferences
  5. 5. Mobile Wallet
  6. 6. Location
  7. 7. Standards Supporting Innovation
  8. 8. ... Retail Transaction Interface ARTS Data Model ARTS Unified POS Tax Customer PaymentPricesItems
  9. 9. 1. Find sources for ideas and inspiration • Blogs, Twitter feeds, newsletters, etc. • Employee idea forums • Internal science fair • Vendor innovation week • ARTS blueprints Free Advice • ARTS blueprints 2. Set aside resources to experiment • Form/acquire a lab • Dedicated or revolving resources • Follow idea threads (something better than nothing) 3. Establish partnerships • Find opportunities to meet start-ups • Participate in proof-of-concepts 4. Streamline processes 5. “Non-stupid vs brilliant”
  10. 10. http://blogs.oracle.com/retail/

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