Oracle (ORCL) Enhances Retail Platform With New Capabilities
Zacks Investment Research | Jan 08, 2020 08:40PM ET
Oracle (NYSE:ORCL) recently announced a slew of latest product enhancements to its Retail platform, are enabling its retail clientele to boost sales.
The company is leaving no stone unturned to aid stores to keep up with the evolving demands of consumers for more convenient check out options.
For instance, new Oracle Retail Xstore POS aids retailers in offering a completely mobile store integrated with the required features and functions to handle shopping processes “on a Tablet or Thin Client.”
Further, Oracle Retail Xstore Office Cloud Service unifies back-office business workloads of store operations. This helps the store to address evolving digital-age consumer preferences and create a more responsive model.
Additionally, the company’s Retail Store Inventory Operations Cloud Services offer RFID (or radio-frequency identification) technology based real-time inventory visibility to deliver smarter and more enhanced customer services.
We believe increased spending by retailers on digitally transforming their business processes, will bolster adoption of the latest services focused on inventory accuracy and in-store mobility.
Digitally Evolving Retail Sector Holds Promise
Oracle is making every effort to improve retail portfolio to include more AI-engineered offerings. Notably, the company will demonstrate latest services in Modern Retail platform at National Retail Federation (NRF) 2020.
Per Oracle consumer research study, “63% of consumers will walk away from a brand forever or at a minimum consider an alternative,” in case shoppers aren’t provided with smarter checkout options and delivery services.
The company’s evolving Customer Experience (CX) strategy, which empowers retailers with AI and cloud driven digital innovation, is expected to strengthen its cloud-based retail platform services.
In fact, per Gartner as revealed by Oracle, retailers will utilize AI to automate and enhance business processes. The research firm also predicts that the use of advanced personalization engines (utilized to be familiar with evolving customer tastes) is anticipated to drive profit levels of digital businesses by up to 15% by 2020.
Oracle’s strength in product portfolio is expected it to expand retail clientele, which is likely to generate incremental revenues in the days ahead.
Oracle Corporation Revenue (Quarterly)
Original post
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.