With the technological wave sweeping the entire world, an industry that is undergoing major digital transformation is retail and e-commerce. From brick-and-mortar stores, consumers have now moved to the virtual world to make purchases. They prefer shopping from the infinite smart digital stores available on the internet from the comfort of their homes. e-commerce and retail players also aren’t far behind in offering the best options to their customers.
Even in the B2B segment, the e-commerce market is estimated to reach 18.57 trillion US dollars by 2026 with a growth rate of 18.70 per cent CAGR from an initial value of 7.35 trillion dollars in 2020, as per a study by the market research company Facts and Factors. As per another report, retail and e-commerce sales were approximately worth a whopping 4.9 trillion US dollars worldwide in 2021. Over the next four years, this figure is only going to multiply rapidly and touch almost 7.4 trillion dollars in 2025.
If you are a company that aims to jump the digital bandwagon and gather momentum in the retail and e-commerce world, look no further than Test Yantra Global. We have helped many powerful retailers embark on their digital journey towards success using technologies like AI, Data Analytics, Hybrid Cloud, and the Internet of Things (IoT). Over the years, we have worked closely with business executives, vendors and stakeholders to help them boost their business in the competitive market. Our services are based on the company’s EC/EDI initiative and include Electronic Rcfvnnetailing Trade Services and Electronic Transaction Services.
One of the cases in which we assisted a prestigious American retail firm solve its technical woes is as follows –
An American retail firm (second largest general retailer) was facing challenges with one of its business critical applications. Many of their executive reports were too time consuming and execution was unrealiable. These issues caused operational delays and lack of suitable management operational visibility.
The Test Yantra Global team used Oracle PL/SQL, Java, Hibernate and Google Guava to redesign the way data was being stored. We identified critical data to ensure it would be readily accessable by downstream applications. We created various procedures to fetch the data in the most efficient manner and implemented various data structures and algorithms in business logic to display the data dashboards in the least amount of time.
All of this was efficiently delivered by our team over a period of 60 days.