IDG Contributor Network: Technology in retail

I usually keep this blog “industry agnostic,” talking about technology in a manner that is somewhat indifferent to the different industries impacted by technology. I’ll give examples from various types of industry because I find that technology is m…

I usually keep this blog “industry agnostic,” talking about technology in a manner that is somewhat indifferent to the different industries impacted by technology. I’ll give examples from various types of industry because I find that technology is making a significant impact on all businesses. You’ve heard this story before, people often quote the historical stories about Blockbuster and Netflix, Kodak and the digital camera, and Uber and the taxi industry.

This week however, I’m at ShopTalk 2019. This is a show that brings together the entire retail ecosystem and its community of innovators. Since all of us interact with retailers, at least at a personal level, I wanted to share some of the things I saw this week as they relate to the advance of technology in retail.

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IDG Contributor Network: A 10x future demands change

In last month’s blog I talked about keeping your team innovative. One of the key tenets of an innovative team is the concept of moonshots or “10x Thinking” or audacious goals. In a “moonshot economy,” while a breakthrough can mean the start of a new industry leader, it can also mean the death of an industry stalwart.

First, let’s take a look at some previous moonshots and how they’ve impacted various industries and the world.

The first is, of course, the great Space Race. JFK’s challenge in 1961 to put a man on the moon before the end of the decade led to not only technological breakthroughs, but was designed to demonstrate international leadership during the Cold War. The success of this moonshot had ramifications way beyond Neil Armstrong’s footprints in the lunar dust. The Space Race launched a wave of technology innovation and boosted nascent industries such as semiconductors and commercial satellites.

To read this article in full or to leave a comment, please click here

In last month’s blog I talked about keeping your team innovative. One of the key tenets of an innovative team is the concept of moonshots or "10x Thinking" or audacious goals. In a “moonshot economy,” while a breakthrough can mean the start of a new industry leader, it can also mean the death of an industry stalwart.

First, let’s take a look at some previous moonshots and how they’ve impacted various industries and the world.

The first is, of course, the great Space Race. JFK’s challenge in 1961 to put a man on the moon before the end of the decade led to not only technological breakthroughs, but was designed to demonstrate international leadership during the Cold War. The success of this moonshot had ramifications way beyond Neil Armstrong’s footprints in the lunar dust. The Space Race launched a wave of technology innovation and boosted nascent industries such as semiconductors and commercial satellites.

To read this article in full or to leave a comment, please click here