“AI, Data and Exponential IT are the Path to Innovation in Wholesale Industry” announced by Infotech Research Group in a new resource

In the face of industry upheaval and increasing competitive pressures, a new resource from Info-Tech Research Group provides wholesale industry leaders with a roadmap for integrating exponential IT principles focused on real-time decision-making, infrastructure transformation, and the integration of AI technologies. The study presents actionable strategies to drive innovation, increase operational efficiency, and respond effectively to market changes. Adopting these transformational IT strategies can help wholesale organizations overcome challenges, drive sustainable growth, and stay competitive in an evolving market environment.

TORONTO, June 28, 2024 /PRNewswire/ — As the wholesale industry grapples with growing challenges including supply chain complexities, emerging market players and the demand for seamless customer experiences, the need for strategic technology transformation is growing. Against a backdrop of industry disruption and intensifying market pressures, Info-Tech Research Group has released its latest blueprint, “Priorities for Adopting an Exponential IT Mindset in the Wholesale Industry.” The global research and advisory firm's insights highlight the importance of organizations adopting an exponential IT strategy. This forward-thinking approach helps IT leaders seamlessly integrate advanced technologies, agile methodologies and continuous adaptability. By embracing exponential IT, the wholesale industry can drive innovation, increase operational efficiencies and ensure sustainable growth in the face of rapid digital disruption.

Info-Tech Research Group's blueprint, “Priorities for Adopting an Exponential IT Mindset in the Wholesale Industry,” outlines three key priorities that industry IT leaders must consider to optimize and automate operations. (CNW Group/Info-Tech Research Group)

“As technology continues to innovate at a disruptive rate, organizations face the risk of falling behind their competitors,” said Donafay McDonald, research director at Info-Tech Research Group. “It is imperative that organizations prepare for the next wave of rapid, exponential technology evolution. Organizations that are well-poised to pivot, adapt and embrace new technologies are more likely to realize maximum value for their organizations.”

Info-Tech's new industry resource highlights the growing importance of real-time, data-driven capabilities in enabling dynamic adaptability for organizations to thrive despite market shifts and competitive pressures in the wholesale industry. Today, wholesalers face challenges in staying competitive due to increased competition, reliance on outdated equipment, and significant technical debt. The firm advises that driving innovation is essential to boosting the industry's competitive position. To enable organizations to adopt exponential technologies, IT leaders must be recognized as valuable business partners.

The company's blueprint highlights the importance of an exponential IT mindset in the industry, which involves evaluating existing operations and organizational structures and taking steps to modernize them to prepare for growth. As a result, Info-Tech explains, it is paramount that wholesale IT leaders recognize the urgency of adopting exponential IT to address and capitalize on industry disruption.

Info-Tech recommends three key priorities for wholesale IT leaders to consider to optimize and automate their operations:

Transform infrastructure and applications into utilities: IT leaders must develop a strategy to transform infrastructure and applications into utilities. This transformation will improve operational efficiency and create a more agile and responsive IT environment that can meet evolving industry requirements. This priority also includes optimizing existing operations, modernizing organizational structures, and leveraging advanced technologies to support rapid adaptation and value creation. Treat data as a product: It is critical to optimize data for real-time decision-making and treat it as a valuable commodity. Leveraging data as a product helps organizations gain actionable insights to drive innovation and increase operational efficiency. This approach includes creating a scalable data architecture, implementing data pipelines for real-time processing, and using data to predict future trends and inform strategic decisions. Let AI do the core business: Move to automated functions by letting AI do the core business. Integrating advanced AI technologies can help wholesale organizations streamline operational processes, increase efficiency, and reduce manual intervention in critical tasks. This process includes automating routine operations, improving real-time insights, and making IT systems more agile and responsive.

Info-Tech resources highlight how the wholesale industry can remain competitive and profitable by adopting new technologies and leveraging AI and ML across the organization. As organizations seek to succeed in the next phase of their technology-driven transformation, CIOs have a unique opportunity to provide leadership by focusing on delivering organizational capabilities. This approach requires a shift from simply delivering services to owning organizational goals and driving strategic initiatives that align with the evolving technology landscape.

For exclusive, timely commentary from retail and wholesale industry expert Donafay McDonald and access to a complete blueprint of priorities for adopting an exponential IT mindset in the wholesale industry, [email protected].

Infotech Live 2024

Registration is now open for Info-Tech Research Group's annual IT conference, Info-Tech LIVE 2024, which will take place September 17-19, 2024 at the famous Bellagio in Las Vegas. This premier event will give journalists, podcasters and media influencers access to exclusive content, the latest IT research and trends, and the opportunity to interview industry experts, analysts and speakers. To apply for a media pass to attend the event and access research and expert insights on trending topics, please contact us. [email protected].

About Infotech Research Group

Info-Tech Research Group is a leading global research and advisory firm serving over 30,000 IT and HR professionals. The firm conducts unbiased, relevant research and provides advisory services to help leaders make strategic, timely and informed decisions. For nearly 30 years, Info-Tech has worked closely with teams to provide them with everything they need, from practical tools to analyst guidance, to ensure they deliver measurable results for their organizations.

To learn more about Info-Tech's division, check out McLean & Company for HR research and advisory services and SoftwareReviews for software purchasing insights.

Media professionals can sign up for unlimited access to IT, HR and software research and hundreds of industry analysts through the company's Media Insider program. To get access, [email protected].

To learn more about Info-Tech Research Group and access our latest research, visit infotech.com and connect via LinkedIn and X.

Source: Info-Tech Research Group

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