Experts in Istanbul discuss digital strategies in retail

Experts address digital technologies in retail trade sector during technology summit organized in Istanbul

Economy 22:00 13.11.2019
Istanbul hosted an event, Digital Retail Summit 2019, to discuss digital technologies, such as big data, internet of things (IoT) and artificial intelligence (AI), in the retail trade sector, Eurasia Diary reports citing Yeni Shafak.
 
Several technology experts from local and international companies attended the event, organized by an information technology (IT) advisory firm International Data Corporation (IDC).
 
Ayse Kaptanoglu, IDC's research manager, said over half of IT companies use IoT, AI, virtual reality and big data analytics.
 
AI raises companies' incomes 20%, while IoT and real-time analysis increase customers' satisfaction 15%, she stressed, adding that big data and AI reduce company losses 40%.
 
Huseyin Bilgen, a manager from digital solutions firm Glass House, said companies should determine their targets for digital transformation.
 
Digital transformation speed is higher than expectations, he noted, adding: "Firms should take the road by identifying their priorities".
 
He added that 72% of the companies' CEOs believe that the next three years will be more important than the past 50 years for their firms.
 
Sebnem Gurler Oakman, a technology director in Unilever, said all players of the digital ecosystem are searching for digital talents who have digital quotient (DQ).
 
Digital talents are native in the digital era, independent, collaborative, multi-skilled, and they aim to make different projects, she underlined.
 
Erdem Yildiz, the corporate sales manager in a technology company Hitachi, said data producing is important, and as valuable as good manufacturing in the new era.
 
"As of today, companies offer discounts for customers' personal information," he reminded.
 
Data analyzing involves three problems, including security, affective management, and access, he added.
 
The one-day summit discusses these problems, as well as several key industry-specific issues, such as IT strategies, innovation programs and retailing methods via online channels.
IEPF issued a statement regarding Azerbaijani children at the UN Human Rights Council

News line

Palestinian man shot dead after stabbing Israeli soldier during West Bank raid
21:20 10.07.2025
Israel has agreed to 'significant steps' to improve humanitarian situation in Gaza: EU foreign policy chief
21:00 10.07.2025
EU aims to mobilize up to $11.7B in investments for Ukraine's reconstruction
20:45 10.07.2025
UNAIDS warns funding collapse could lead to 6M new HIV infections, 4M deaths
20:30 10.07.2025
UN report sounds alarm on climate health risks for world's aging population
20:00 10.07.2025
Merz: Germany fully supports Ukraine's plans to join EU
19:45 10.07.2025
Azerbaijani citizens involved in Wagner armed group arrested - State Security Service conducts operation
19:15 10.07.2025
Luka Modric signs one-year contract with Milan
19:00 10.07.2025
Rubio: US hopes to persuade NATO allies to transfer some Patriot systems to Ukraine
18:45 10.07.2025
Zelenskyy: 200 agreements with total value of over €10B ready to be signed
18:30 10.07.2025
Von der Leyen's EU Commission survives Parliament confidence vote
18:15 10.07.2025
SOCAR becomes jersey sponsor of Turkish First League side
18:00 10.07.2025
Azerbaijan takes leading postion in UN digital trade survey
17:45 10.07.2025
Ex-NBA player Ben McLemore sentenced to over 8 years in prison for rape
17:30 10.07.2025
Russia warns Armenia of sanctions risk
17:15 10.07.2025
COP29 President, COP30 President-designate hold discussions at OPEC seminar
17:00 10.07.2025
Ilham Aliyev's meeting with Nikol Pashinyan was constructive
16:55 10.07.2025
Baku says Azerbaijan, Armenia agreed to continue dialogue in bilateral format
16:45 10.07.2025
Peskov: Baku-Yerevan peace treaty will bring stability to South Caucasus
16:30 10.07.2025
Azerbaijan refunds over 94M manats of VAT to consumers
16:15 10.07.2025
Amnesty International slams US sanctions on UN Rapporteur Francesca Albanese
16:00 10.07.2025
China pushes back 50% US 'security' tariffs on copper imports
15:45 10.07.2025
Top Southeast Asian diplomats hold summit with China’s foreign minister
15:30 10.07.2025
Israeli strikes on Gaza leave 97 Palestinians killed, dozens more injured in past day
15:15 10.07.2025
Messi creates history in MLS, becomes first player to achieve rare feat
15:00 10.07.2025
Heavy rain delays over 300 flights in New Delhi
14:45 10.07.2025
Shamakhi to host conference on Modern Information Space and Freedom of Religious Belief
14:30 10.07.2025
At least 28 killed, dozens injured in pre-dawn Israeli strikes across Gaza Strip
14:15 10.07.2025
Court orders arrest of former South Korean president
14:00 10.07.2025
US nuclear-powered submarine makes first port call in Iceland
13:45 10.07.2025
Israeli soldier killed during attempted Hamas abduction in southern Gaza, IDF says
13:30 10.07.2025
ADY and China Railways reach agreement to increase BTK capacity
13:15 10.07.2025
U.S. measles cases hit highest level in 33 years,
13:00 10.07.2025
Azerbaijan, Saudi Arabia discuss co-op in hydrocarbon sector
12:45 10.07.2025
UK, France to order more Storm Shadow missiles, plan next-generation replacements
12:30 10.07.2025
Houthis kidnapped crew members of Eternity C vessel, US Embassy in Yemen says
12:15 10.07.2025
President Ilham Aliyev addresses participants of ICDO General Assembly session
12:00 10.07.2025
US to impose 50% tariffs on imports from Brazil starting August — Trump
11:45 10.07.2025
US resumes certain arms shipments to Ukraine
11:30 10.07.2025
SOCAR president participates in OPEC International Seminar
11:15 10.07.2025
Hamısı