Retail at Speed - The Value of a Retail Ontology

Driven by new customer expectations, advanced technology and real time connected devices, the retail industry is rapidly transforming. Managing and moving data is critical, and an ontology is the way to clearly define the concepts, relationships and properties of all data as it moves between new and old systems. Retail ontology standards will ensure interoperability, reduce time to value, and provide the foundation to continued transformations. What’s more, in practice this enables the enterprise, from a store manager or corporate merchandiser to an IT developer or engineer, to create terminology and share a common understanding with the certainty of words, terminology, and concepts.