Upgrading from Magento 1 to Magento 2 is a great digital investment that has been proven to improve conversion, reduce cart abandonment, increase customer lifetime value, and simplify product information management. After migrating to Magento 2 from Magento 1, most merchants’ revenue increases by 30 to 40 percent, largely due to improved checkout performance and other feature enhancements.
Support for Magento 1 is ending soon. That makes moving to Magento 2 more than just beneficial… it’s critical for uninterrupted operations, too.
However, the typical Magento 2 migration takes approximately 4 months to complete, depending on your specific implementation’s integrations and…
Supply chain management (SCM) is one of the biggest challenges in the fashion industry. Approximately 75% of fashion brands plan to adopt AI-infused solutions to improve supply chain flexibility. Optimized and flexible SCM helps your production, marketing, operations, distribution, finance, and customer service teams respond quickly to changing market trends.
What is supply chain modernization?
SCM modernization involves a 360° technological transformation through platform integration, process automation, and AI-powered demand forecasting.
Modern supply chains are designed to deal with the challenges of today’s customer-centric, data-driven world, from agile communication with overseas suppliers to the growing consumer demand for product personalization. Modern fashion SCM solutions unify…
The financial services industry is undergoing digitalization at a dizzying rate, and this has resulted in a massive increase in the amount of internally generated data. Rapid increases in processing power and storage per dollar, combined with advances in machine learning and other analytics techniques, now offer financial institutions a high-value opportunity to leverage their growing wealth of business data to improve customer service, boost operational efficiency, and reduce risk.
Using machine learning is a major step up from traditional reporting and descriptive analytics. By enabling computers to detect patterns in transactions and market indicators, machine learning helps financial organizations…
Digital transformation is both a key challenge and a fecund opportunity for businesses today. Businesses that are still waiting to embark on their transformation journey will soon depend on doing so for their very survival. Since the turn of the century, 52 percent of Fortune 500 companies have either declared bankruptcy, ceased operations, or been acquired by other companies due to a lack of digital transformation. On the other hand, most businesses that lead in innovation and have undergone complete digital transformation have increased their revenue by 23 to 34 percent.
Integration is a crucial part of your organization’s digital…
Successful businesses invest considerable time and resources in determining what their competitors are up to. What are they selling? What strategies and tactics have they implemented? What’s trending? Organizations need data and business intelligence to answer these important questions.
Robotic Process Automation (RPA) is a relatively new tool that offers a more efficient and cost-effective way to gather business intelligence than traditional market research techniques. Let’s take a look at its practical implications.
Read more: How RPA is changing your role in the workplace
RPA in a nutshell
When you implement RPA, you train “bots” to perform the same sequences of tasks that your…
While shopping for a shirt online, I had a surprisingly poor experience with an apparel brand that I’m particularly fond of. Rather than naming names, let’s call them Sean’s Shirts. Sean’s website makes some rookie mistakes in data management and user experience (UX) that undoubtedly cost their eCommerce channel several thousands of dollars in business every day.
Many companies are looking into cutting-edge data science and machine learning techniques as a way to address their data management challenges, but without first squaring away UX data management, these powerful tools will only yield a fraction of the ROI they are capable…
What’s your VAN independence strategy?
Independence Day is now behind us and summer is nearing its end. The 4th of July holiday encourages reflections, reflections that include independence and country. It also includes independence in financial, personal, and business matters. Returning to work following the mid-summer holiday this year, I began to think about systemic independence, specifically the independence of trading partners now more willing than ever to declare themselves independent from the VAN.
A value-added network (VAN) is a private network used by a company to facilitate and ensure the exchange of EDI transaction documents with one or more trading partners.
Communication
Traditional EDI includes…
Businesses turn to EDI solutions because EDI has proven to improve business efficiency and reduce costs. Compared to manual business processes, EDI helps reduce costs and inefficiencies up to 35%.
Businesses from Amazon to Zappos use EDI to take advantage of these benefits. In 2018, annual EDI transactions numbered over 20 billion. Combining EDI solutions with real-time APIs enhances partner communication even further, particularly for omnichannel operations with a large number of daily transactions.
In this blog post, we’ll talk about how implementing an EDI solution can streamline your business operations.
Read more: Why is EDI integration important to your…
Mobile users are highly goal-oriented. There are 6.8 billion mobile users in 2019 and are estimated to increase in the coming years.
Visionet Systems
Visionet offers a comprehensive range of technology-related solutions, including Omni-Channel Retail, CPG & Distribution, and other technology services.
