The Hidden Power of Network Infrastructure In Your Stores - podcast episode cover

The Hidden Power of Network Infrastructure In Your Stores

Feb 06, 202518 minEp. 324
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Episode description

In this episode, we explore the often-overlooked importance of network infrastructure in the retail industry. Discover how a strong network foundation can prevent costly downtime and enhance both customer and employee experiences. We delve into real-world examples of retailers leveraging advanced networking solutions to innovate and stay competitive, from implementing smart mirrors to personalized shopping experiences.

Find out why viewing your network as a strategic investment rather than just a cost can unlock new revenue streams and improve brand reputation. With insights on the key components of a robust network, including reliability, security, and scalability, this episode offers practical advice for retailers looking to upgrade their infrastructure. Learn how to identify your pain points, partner with the right technology provider, and strategically invest in your network to ensure long-term success.

 

Read the full blog at https://www.retaildoc.com/blog/is-your-store-network-ready-for-modern-retail-what-600-global-stores-learned

Transcript

Intro / Opening

All right. So I'm a retailer. And got to be honest, when this deep dive was suggested, I was like, network infrastructure.

Network Infrastructure Insights

Really? Like, we've got Wi-Fi. Everything seems to be working fine. Well, and that's what's so interesting is that that's kind of a common blind spot that we see with retailers. And this Verizon article we're looking at, it's fascinating. It's based on their work with 600 global stores. And what they found is that most retailers just vastly underestimate the importance of their network, especially in today's world, you know? Okay, so maybe I'm not the only one who's

thinking like this, but I need an example. Like, what am I missing? Well, think about it this way. Like, your network is kind of like the plumbing in your store, right? You don't really think about it until, like, the pipes burst and suddenly everything's a mess. Okay, yeah, I get that. But I'm not seeing burst pipes in my store.

No, not literal pipes, of course. But what about that time your point of sale system went down in the middle of a rush or, you know, when customers couldn't connect to the Wi-Fi to browse products or whatever on their phones? I mean, those are your network pipes, spring leaks, right? Okay, yeah, I see what you mean. Those things are annoying, sure, but I just figured it was like a tech glitch every now and then, you know? And that's the thing.

Every time something like that happens, it's not just a minor inconvenience. It's a potential lost sale, a frustrated customer, and it just chips away at your brand's reputation.

The Cost of Downtime

Okay, see, it's bigger than I thought, but the article mentioned the cost of downtime being huge. Like, any specifics on that? Oh, yeah, absolutely. There's a story in here about a global retailer who actually sat down and calculated that preventing downtime in just five stores generated enough saved sales to cover the cost of a network upgrade for their whole chain. Just five stores, seriously? It highlights how those seemingly small glitches really add up and fast.

Plus, there's another cost that often gets overlooked, employee frustration. Think about how much time your staff wastes wrestling with slow systems or glitchy devices. It impacts their productivity and their ability to, you know, provide really great customer service. Actually, you know, now that you mention it, I have heard a lot of the system is so slow today grumbling from my team. So and that's exactly it. That grumbling is a symptom of a bigger problem.

The article makes a point that I thought was really insightful. It says that investing in your network isn't just about technology. It's about investing in your employees, you know, their ability to do their jobs well. Yeah. OK, that's a good point. I definitely want my team to be able to focus on customers not fighting with tech, but I'm still stuck on that five stores thing. Like, what were they doing that made such a difference? They implemented something called triple redundancy.

Imagine having three separate internet connections, each acting as a backup for the other. So if one goes down, the other two seamlessly kick in. There's practically no interruption. So even if like a storm knocks out the main internet line, they're still up and running. Exactly. And they're not just passively waiting for outages either. They're using this platform from Verizon called Sensor Insight. It's like a central command center for all their connected devices and systems.

It helps them identify potential issues before they become big problems. Yeah, hold on, back up a bit. Faraday Cage, what is that? Ah, yeah. The article mentions that, think of it like an unintentional signal blocker. Believe it or not, the construction materials of some buildings can actually interfere with wireless signals. So you might think you have great Wi-Fi, but it's getting weakened or blocked in certain areas. So basically, even if I'm paying for super fast Internet.

My store's layout could be messing things up. It's definitely something to consider. And this is where things get really interesting because in the past, maybe basic Wi-Fi wasn't enough for a retail store. Not anymore. What do you mean? We're talking about more than just checking email and browsing websites, right? Right. Modern retail experiences, things like interactive displays, personalized recommendations, even using augmented reality to help customers visualize products.

I mean, all of that requires a level of network power that most retailers just don't have. Hmm. That makes me think about that new interactive display we just installed. I swear it's slower than molasses sometimes. And that slowness has a direct impact on the customer experience. Imagine a family comes in all excited to try out the new display, only to be met with lag and buffering. I mean, frustrating, right? Yeah, totally. And we were so excited about that being a cool new feature.

If it's not working right, that's a huge missed opportunity. And it highlights this really crucial point in today's world. Your network isn't just a utility, it's the foundation for everything you do. It impacts your customer experience, employee productivity, even your ability to innovate and stay ahead of the competition.

Investing in Employee Productivity

Okay, I'm starting to get the picture. And honestly, I'm thinking, maybe I should check with my internet provider. Like, maybe what I think is fast enough isn't cutting it anymore. That's a smart move because what's really eye-opening in this article is how much retailers are leaving on the table by not prioritizing their network infrastructure. They're seeing it as a cost, not an investment. Yeah. Well, I don't want to be one of those retailers. Let's dig into this a

bit more. I need to learn more. What are some specific things I should be looking for when it comes to a strong network? Is it just download speed or is there more to it? Oh, it's definitely more than just download speed. Think of it like this. You wouldn't build a skyscraper on a foundation meant for a garden shed, right? Okay. Yeah. That's a pretty clear analogy. So what are the building blocks of a solid network skyscraper? We've touched on a few already.

Reliability is key. Hence that triple redundancy idea we talked about. Then there's security, which is absolutely crucial in today's world. Oh, yeah. Data breaches are a nightmare I don't even want to think about. And they're becoming more and more common. The article actually points out that retailers are prying targets for hackers because they often store so much sensitive customer data. So a strong network needs to have really robust security measures in place to protect that data.

So firewalls, encryption, all that good stuff. Exactly. But it's not just about keeping the bad guys out. It's also about making sure your systems are always up and running, even if there's a power outage or a natural disaster. Okay. So reliability and security. Whoa. Got it. What else am I missing? Scalability. Think about your business goals. Are you planning to expand, add new locations, implement cutting edge technologies?

Your network needs to be able to grow and adapt along with your ambitions. So it's like planning for the future, making sure my network can handle whatever I throw at it. Precisely. And that's where things can get a little tricky because Because building a network that's reliable, secure, and scalable can be complex and, let's be honest, expensive.

Okay, there's that budget question again. But I'm guessing the article has some insights on how to make this whole thing more palatable for a retailer's bottom line.

Viewing Network as a Strategic Investment

It does. And this is where that shifted mindset comes in moving away from seeing your network as a cost and starting to view it as a strategic investment. Convince me. How does a strong network actually translate into dollars and cents? Let's go back to that five-stores example by preventing downtime that retailer not only saved on all those potential lost sales, but also avoided damage to their brand reputation. Yeah, because word gets around fast when a store's tech is constantly failing.

Exactly. And a strong network can actually boost your revenue in other ways, too. Think about those personalized experiences we talked about earlier and... If you can offer tailored recommendations or promotions based on a customer's past purchases, you're just more likely to make a sale. Okay. Yeah, that makes sense. But personalized recommendations require data, right? And that data needs to be stored and processed somewhere.

Which brings us right back to the network. A robust network can handle those massive amounts of data that modern retail generates, which enables you to use that data for personalized marketing, targeted advertising, even things like predictive inventory management. Hold on. Predictive inventory management. What's that? It's using data to anticipate what products will be in demand and when so you can optimize your stock levels and minimize race.

Wow. OK, that's next level stuff. A strong network isn't just about today's transactions. It's about setting myself up for success down the road. Exactly. And it's not just about the customer-facing side of things either. Think about your employees when they have access to reliable, fast technology, they can work more efficiently, resolve customer issues more quickly, and just provide better overall service.

So back to that idea of investing in my team, happy employees, happy customers, everybody wins. Exactly. And the article even highlights that a strong network can even help with employee retention in today's competitive job market. Offering a modern tech savvy work environment can be a real differentiator. OK, I see the bigger picture here, but let's be realistic. Upgrading a network can be a big undertaking, both financially and logistically.

Where do I even begin? Well, the first step is to assess your current situation. What are your pain points? Where are you experiencing the most downtime or slowdowns? What are your business goals for the next few years? So take stock of what's working and what's not and where I want to go in the future. Data, what's next? Once you have a really clear understanding of your needs, it's time to explore different solutions. And this is where a trusted technology partner can be invaluable.

So don't try to go it alone. Exactly. A good partner can help you design a network that meets your specific requirements, implement the right technologies, and provide ongoing support to make sure everything runs smoothly. Okay, that makes sense. But how do I even find the right partner? There are so many tech companies out there, it's overwhelming. You're right. There are a lot of options.

The article suggests looking for a partner with a deep understanding of the retail industry and a proven track record of success. So someone who speaks my language and has done this before, not just a generic IT company. Exactly. And don't be afraid to ask tough questions. What's their experience with similar projects? Can they provide references from other retailers? What kind of support do they offer after the initial implementation?

So due diligence is key. Don't just jump at the first shiny offer that comes along. Precisely. Take your time, do your research, and find a partner you trust. Because remember, investing in your network is a long-term commitment, and you want to make sure you're in good hands. Okay, that's good advice. But I got to admit, I'm still a little intimidated by this whole process. It feels like a lot to take on.

Finding the Right Technology Partner

I understand. But don't let the complexity paralyze you. Break it down into smaller steps. And remember, you don't have to do everything at once. So start small and build from there. Exactly. Maybe begin by addressing your most pressing pain points, like that slow interactive display you mentioned. Once you see the positive impact of those initial upgrades, it'll be easier to build a case for further investment. That's a good point. Small wins can lead to bigger changes. But I'm still curious

about those retailers who are doing this really well. What are they doing differently? Well, one common thread among the successful retailers in the article is that they view their network as an enabler of innovation, not just a utility. Always looking for ways to leverage technology to enhance the customer experience and create a competitive advantage. So they're not just keeping the lights on, they're using their network to really push the boundaries of what's possible.

Exactly. And that's where things get really exciting because when you have a robust and reliable network in place, you can unlock a whole world of possibilities. Like what? Give me some concrete examples of how retailers are using their network to innovate. We'll explore some fascinating examples next. Oh, yeah, there are tons of examples. One that really stood out to me was this clothing retailer that implemented smart mirrors in their fitting rooms.

Oh, yeah, I've heard of those. But how does the network play into that? Well, these aren't just regular mirrors. They use augmented reality so customers can virtually try on clothes and accessories without actually having to change. Like a virtual closet right in the fitting room. That's pretty cool. Exactly. But the key is it takes a ton of bandwidth and processing power for those things to work properly.

Like imagine a customer trying to swipe through different outfit options only to be met with like lag and buffering it would totally ruin the experience. Yeah, that would be super frustrating. So a strong network is essential for those AR experiences to work well. What else? Another retailer in the article is using their network to create hyper-personalized shopping experiences. They equip their employees with tablets that can access a customer's purchase, history preferences, even wish lists.

So instead of a generic, can I help you find something? Hmm. The employee can actually offer tailored recommendations. Exactly. They can suggest items the customer might like based on their past purchases. Allude them to sales on items they've been eyeing, or even offer to order something online that's not currently in stock. Wow, that takes personalized service to a whole new level. It's almost like having a personal shopper but without the hefty price tag.

Precisely. And it's all powered by that robust network infrastructure, seamlessly connecting customer data, employee devices, and inventory systems. Okay, I'm seeing how it all ties together. But let's be honest, all this innovation sounds expensive. How do these retailers justify the investment? It goes back to what we were talking about earlier about shifting the mindset. Instead of viewing the network as a cost center, they see it as a way to generate

revenue and stand out from the competition. So it's not just about keeping the lights on. It's about investing in tools that can actually drive sales and create memorable customer experiences. Exactly. And the article has some pretty compelling data to back this up. For example, retailers who have implemented personalized shopping experiences have seen big jumps in customer satisfaction and loyalty. Yeah, because who doesn't love feeling like a VIP?

Yeah. I know I do. But what about those retailers who are still on the fence about all this? What advice would you give them? Start small. You don't have to do everything at once. Just pick one or two areas where a network upgrade could have a noticeable impact, whether it's reducing downtime and improving employee efficiency or enhancing the customer experience. So find a specific problem and focus on fixing that first. Exactly.

Once you have a small win under your belt, it will be easier to make the case for further investment. And remember, technology is always changing, so it's important to stay in the loop and adjust your network strategy accordingly.

Embracing Innovation in Retail

So don't just set it and forget it. This is an ongoing process. Precisely. Partner with a good technology provider, stay up to date on the latest trends, and always look for ways to use your network to stay ahead of the game. That's a lot to process. Yeah. But I'm feeling more excited than overwhelmed. This deep dive has really opened my eyes to the possibilities. Any final thoughts before we wrap things up? In today's retail world,

your network is no longer just a utility. It's a strategic asset. Invest in it wisely, and it'll pay off for years to come. Well said. And on that note, I think I know what I'm doing when I get off this call. Time to call my internet provider and see what kind of upgrades they offer. Thanks for the deep dive. I feel way more informed and ready to tackle this. You're very welcome. It's been a pleasure exploring this topic with you. Oh, there are tons of examples.

One that really stood out was this clothing retailer that put smart mirrors in their fitting rooms. Oh, yeah. I've heard of those. But how does the network come in? Well, they're not just regular mirrors. They use augmented reality so customers can try on different clothes and accessories virtually without actually changing. So it's like a virtual closet right there in the fitting room. That's pretty cool.

Exactly. But the key is all of that takes a ton of bandwidth and processing power to work without a hitch. You know, imagine someone's trying to swipe through different outfit options and it's all laggy and buffering. It would totally ruin the experience. Yeah, that would be so frustrating. So you need a strong network for those AR experiences to work, right? What else? Another retailer they talked about is using their network to really personalize the whole shopping experience.

They gave their employees tablets that can pull up a customer's purchase history, you know, their preferences, wish lists, all that. So no more generic, can I help you find something? The employee can actually offer recommendations that make sense. Exactly. They can suggest things based on past purchases, let them know about sales on stuff they've been looking at, or even offer to order something online if it's not in the store. Wow, that's taking personalized service to a whole new level.

Yeah. It's like having a personal shopper, but without the big price tag. Exactly. And it's all because of that solid network infrastructure, connecting customer data, employee devices, inventory systems, all of it seamlessly. OK, I'm seeing how this all comes together. But let's be real, all this innovation sounds expensive. How are these retailers justifying the cost? It goes back to what we talked about before, changing the way you think about it.

Instead of viewing the network as just another expense, they see it as a way to make money and stand out from the competition. So it's not just about keeping things running. It's about putting money into tools that can actually boost sales and create a really memorable customer experience. Exactly. And the article has some pretty compelling data to support that idea.

For example, retailers that have personalized the shopping experience like this have seen customer satisfaction and loyalty go way up. Because who doesn't love feeling like a VIP, right? I know I do. But what about the retailers who are still hesitant to jump in? What advice would you give them? Start small. You don't have to do everything at once. Find one or two areas where a network upgrade could make a real difference.

Whether it's less downtime, more efficient employees, a better customer experience.

Taking Small Steps Towards Improvement

So pinpoint a specific problem and tackle that first. Exactly. Once you have a small win, you can use that to justify investing more. And remember, technology is always evolving. So stay informed and adapt your network strategy as you go. So don't just sit and forget it. It's an ongoing process. Exactly. Partner with a good technology provider, stay current on the latest trends, and always be on the lookout for ways to use your network to stay ahead of the curve. Okay, that's a lot to take in.

But I'm feeling more energized than overwhelmed. This deep dive has really opened my eyes to what's possible. Any last words of wisdom before we wrap up? In the retail world today, your network isn't just a utility anymore. It's a strategic asset. Invest in it wisely and it'll pay off big time. Well said. And on that note, I know what I'm doing as soon as we're done here. Time to call my internet provider and see what kind of upgrades they've got.

Thanks for the deep dive. I'm feeling way more informed and ready to tackle this. You're welcome. It was great exploring this with you.

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