Data Standards: What Are They and Why Should I Be Involved? - Mary Shaw, IDEA
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As economies and world markets continue to change, businesses are increasingly adopting cost-cutting, automation and risk management procedures. The key to cutting costs is through automation and standardization of data; both are critical pieces of your risk management plan. Standardizing and automating of your processes and data reduces the risk of "surprise events" that could be your company's undoing. This presentation shows you how participating in an industry committee to develop these standards gives you the upper hand against your competitors and helps you reduce your risk.
Transcript of Data Standards: What Are They and Why Should I Be Involved? - Mary Shaw, IDEA
Setting the Standard
Embracing the Standard
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IDEA e-Commerce and Data Standards What are they and why should I be involved?
Presenter: Mary Shaw - IDEA
E-Biz Forum 2013
Orlando, Florida
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Standards Up Close and Personal
Presenter: Mary Shaw - IDEA
E-Biz Forum 2013
Orlando, Florida
© Copyright 2013. All rights reserved.
E-Commerce Change
“e-Commerce has altered the practice, timing, and
technology of B2B and B2C commerce.”
“Steady growth in B2B e-commerce has changed the
cost and profit picture for companies worldwide.”
“Survey Analysis: e-Commerce customers look to
Cloud, Mobile and Transformational Change.”
*Gartner E-Commerce Survey Analysis Report- July 2013 *Council of Supply Chain Management Professionals - Supply Chain Quarterly 2011
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U.S. Retail e-Commerce Sales 2013 – Q1&2
* U.S. Census Bureau
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E-Commerce Data
Successful e-Commerce Depends on Data Standards
• Robust quality data enables:
o Online Sales for B2B and B2C
o Transactions over the Web
o Web storefronts and shopping cart management
o Personalization
o Product visualization and recognition
o Continued development of trading partner relationships
*Gartner E-Commerce Survey Analysis Report- July 2013
© Copyright 2013. All rights reserved.
Reduced cycle time (order to cash)
Better Inventory management
Increased productivity
Lower cost of doing business
Improved accuracy, fewer errors
Minimized paper use (Green)
e-Commerce and Data Standards Benefits
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IDEA Industry Standards Committee
Standards and Guidelines
for Data Format, Structure
and Appearance
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IDEA Industry Standards Committee
Standards for Data
Communication
and Exchange
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IDEA Industry Standards Committee
Standards and Guidelines
for Retail Data Format
and Structure
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Electrical Industry Focused Standards
Built by the Industry
For the Industry
Shared Across the Industry
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Standards Up Close and Personal
Who Are We?
• We are You
o We represent you, we are the voice of the industry
• We are the Standards Bearers (EW August 2013)
o A diverse group of passionate industry volunteers dedicated to helping the
industry as a whole
o We don’t believe “its someone else’s problem to solve”
• We are a Family, an Industry Family
o We want you to be part of the family too
Standards Up Close and Personal
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Standards Up Close and Personal
Why do we do it?
• Improve communication
o Openly discuss issues with trading partners and competitors alike
• Learn
o See business circumstances and needs from “the other side”
• Improve business practices
o Cut costs
o Cut errors
o Increase sales
• Grow our circle of friends
o ‘Giving more of the electrical industry a stake in making product data easier
to handle for all involved’
Not Following Standards
http://youtu.be/5hkNmus8eH0
Conforming to Standards
http://youtu.be/m4YasAzGmfE
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Get Involved
How?
• Register to participate on IDEA website:
o http://www.idea-esolutions.com/setting-industry-standards/
• Contact:
o Mary Shaw, IDEA Director eBusiness Standards
703-562-4610
Eye Candy
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© Copyright 2013. All rights reserved.
2900 Crystal Drive | Suite 500 | Arlington, VA 22202
P 703.562.4600 | F 703.562.4650 | [email protected]
www.idea4industry.com
