During 2008-2012, the IT market in the Indian retail sector is likely to grow at an estimated compound annual growth rate (CAGR) of 23 percent; reaching $1.4 billion by 2012, says a report. According to the report titled as 'IT in the Indian Retail Industry: Emerging Trends and Market Opportunities' brought out by Springboard Research; software is estimated to grow at a CAGR of 28 percent for the period under review, while hardware will grow at 19 percent.
Springboard Research is an IT market research and advisory firm. The firm has brought out this report after interviewing leading IT vendors operating in the retail sector and 152 Chief Information Officers from both large and mid-sized retail companies across India. According to Nilotpal Chakravarti, Senior Research Analyst, Springboard Research, although the recession has affected retailers' profitability, it opens a window of opportunity for IT vendors as retailers turn to technology to address the challenging economic scenario. "Many retailers are eschewing curtailing their long-term IT projects, while they remain cautious with short-term IT spending and new investments," he added.
Nearly half of the CIOs in the retail sector interviewed, indicated large format stores/hypermarkets as the top business opportunity in the sector, while competition is named as the biggest business challenge by a majority of the CIOs. Inventory management has emerged as the top strategic IT focus areas for the CIOs, followed by supply chain management (SCM). Enterprise resource planning (ERP) topped the list of business applications in terms of actual deployments in the last 24 months.
According to Springboard's data, POS (Point of sales) is the top preferred store solution that Indian retailers have deployed in their stores. CIOs revealed that a large number of retailers mentioned price as a key determinant in external IT vendor selection, while strong service and support came in the second place on the list of priorities. Other influencers like vendor reputation and existing relationship rank much lower in the priority hierarchy. Springboard also found that local IT vendors have a sizeable foothold in the retail space because they provide low-cost, industry-specific solutions.
According to Springboard's data, SAP, Microsoft and Oracle hold the largest market share in the Indian retail sector, while HCL is the leading local vendor in the retail space. IBM is also named as among the leading vendors in this space.
"Best-of-class retail solutions like RFID, intelligent shelves, and kiosks still remain out of reach for the Indian market because of their high cost. IT vendors should look to address this gap by rationalizing costs, along with clearly defining ROI benefits for clients," said Chakravarti.
Agencies
Showing posts with label RFID. Show all posts
Showing posts with label RFID. Show all posts
Friday, November 6, 2009
Tuesday, June 23, 2009
Self rechargeable battery from Nokia soon
Nokia is in the process of developing a battery which can recharge itself when the phone has been kept on the standby mode. This technology will end the worries of the people, as the standby mode is always referred as a curse to the planet, reports the Guardian.
"A new prototype charging system from the company is able to power itself on nothing more than ambient radio waves- the weak TV, radio and mobile phone signals that permanently surround us. The power harvested is small but it is almost enough to power a mobile in standby mode indefinitely without ever needing to plug it into the mains," said Markku Rouvala, one of the researchers who have developed the device at the Nokia Research Centre in Cambridge, U.K.
The Oyster cards used by the commuters in London are of the same phenomenon, powering themselves from radio waves emitted by the reader devices as they are swiped. And similarly old crystal radio sets and more recently modern radio frequency identification (RFID) tags, which are increasingly used in shipping and as antitheft devices, are powered wholly by radio waves.
"The Nokia's prototype instead of harvesting tiny amounts of power (a few microwatts) from dedicated transmitters, it is able to collect relatively large amounts of discarded power around a thousand times more, even from miles away. Individually the energy available in each of these signals is miniscule. But by harvesting radio waves across a wide range of frequencies it all adds up," said Rouvala.
Similar kind of wireless transfer of energy was first demonstrated by Nikola Tesla in 1893, who was so taken up with the idea that he had attempted to build an intercontinental transmission tower to send power through wireless across the Atlantic. The antenna and the receiver circuit of Nokia are designed to pick up a wide range of frequencies - from 500 megahertz to 10 gigahertz - and convert the electromagnetic waves into an electrical current, as the second circuit is designed to feed this current to the battery to recharge it.
This will ensure that these circuits use less power than the amount that is being received,. Till now, the researchers have been able to harvest up to five milliwatts. Nokia's short-term goal is to get in excess of 20 milliwatts, which is enough power to keep a phone in standby mode indefinitely without having to recharge it. But this would not be enough to actually use the phone to make or receive a call. The hope is to be able to get as much as 50 milliwatts, which would be sufficient to slowly recharge the battery.
"Radio frequency power falls off exponentially with distance," said Steve Beeby, an expert in harvesting ambient energy at the University of Southampton. "It would be a remarkable achievement," Beeby added.
Agencies
"A new prototype charging system from the company is able to power itself on nothing more than ambient radio waves- the weak TV, radio and mobile phone signals that permanently surround us. The power harvested is small but it is almost enough to power a mobile in standby mode indefinitely without ever needing to plug it into the mains," said Markku Rouvala, one of the researchers who have developed the device at the Nokia Research Centre in Cambridge, U.K.
The Oyster cards used by the commuters in London are of the same phenomenon, powering themselves from radio waves emitted by the reader devices as they are swiped. And similarly old crystal radio sets and more recently modern radio frequency identification (RFID) tags, which are increasingly used in shipping and as antitheft devices, are powered wholly by radio waves.
"The Nokia's prototype instead of harvesting tiny amounts of power (a few microwatts) from dedicated transmitters, it is able to collect relatively large amounts of discarded power around a thousand times more, even from miles away. Individually the energy available in each of these signals is miniscule. But by harvesting radio waves across a wide range of frequencies it all adds up," said Rouvala.
Similar kind of wireless transfer of energy was first demonstrated by Nikola Tesla in 1893, who was so taken up with the idea that he had attempted to build an intercontinental transmission tower to send power through wireless across the Atlantic. The antenna and the receiver circuit of Nokia are designed to pick up a wide range of frequencies - from 500 megahertz to 10 gigahertz - and convert the electromagnetic waves into an electrical current, as the second circuit is designed to feed this current to the battery to recharge it.
This will ensure that these circuits use less power than the amount that is being received,. Till now, the researchers have been able to harvest up to five milliwatts. Nokia's short-term goal is to get in excess of 20 milliwatts, which is enough power to keep a phone in standby mode indefinitely without having to recharge it. But this would not be enough to actually use the phone to make or receive a call. The hope is to be able to get as much as 50 milliwatts, which would be sufficient to slowly recharge the battery.
"Radio frequency power falls off exponentially with distance," said Steve Beeby, an expert in harvesting ambient energy at the University of Southampton. "It would be a remarkable achievement," Beeby added.
Agencies
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