For quite some time now, NAED has been telling members to initiate and embrace change. We mention it in tED Magazine, at conferences, on social media, and on our website. If you’re wondering as to why we won’t put down the megaphone and stop already, the reason is simple – it is becoming increasingly important to be open to change. Here’s some food for thought behind the why:
By next year, the business-to-business (B2B) retail market is estimated to be worth $1.8 trillion.*In fact, the total size of the electrical construction industry in the US, combining power, light, connectivity, and peripheral technology is estimated at $170 billion.*
That’s a lot of opportunity up for grabs. And with the evolution within the business-to-consumer (B2C) industry, selling “customer experience” as part of the product and system sale is gaining importance. In order to create that seamless experience, electrical distributors will need to promptly implement optimized eCommerce systems, advanced CRM tracking, and better warehouse automation systems to address these changes.
Electrical distributors will have to undertake significant business transformations to keep pace with the market changes. But where to start? What business intelligence platforms are needed to help electrical distributors create that seamless experience? How do you avoid making a huge investment in your technology only to learn it wasn't the right tool for your business and team afterall?
That’s where Building a Connected Business can help. Building a Connected Business explores the opportunities digital transformation holds for the electrical distribution industry so you can understand where a technology investment can provide the most value. Research and recommendations presented in this study help NAED members better understand the concept of digital transformation and its impact on today’s business landscape.
Building a Connected Business contains dedicated sections on research outcomes, perspectives from across the channel (including customers and vendors), and a suggested implementation plan that drives strategies and changes over the next few years. Also, outlined are critical capabilities and technologies to enhance efficiencies, optimize processes, and drive growth.
With the executive summary, you get recommendations on digital opportunities for organizations both large and small, at various levels of digital maturity, solution architecture recommendations and overall recommendations for projects.
Get a glimpse of Building A Connected Business and find out what you should be implementing today to ensure a successful tomorrow.
Download the executive summary!
*Frost & Sullivan, Top Global Megatrends to 2025 and Implications to Business, Society, and Cultures.