Researchers have determined that in its last few hours, the crew aboard the Titanic belatedly spotted an iceberg and struggled vainly against the laws of physics to get the gargantuan ship to turn aside. Many business leaders must feel the same as did the captain of the Titanic: their ships of retail struggle to adapt quickly to changing circumstances. Business executives strive for agility to avoid hitting an economic iceberg and bravely take measures toward digital transformation for their retail business to ensure it stays afloat on the high seas.
Hope on the Horizon
Unlike the ill-fated Titanic, farsighted retail leaders have latched onto a highly promising way to achieve the goal of an agile e-commerce platform: composable commerce. The hope is that a composable commerce architecture will boost business and control costs while remaining ready to incorporate future technologies. The danger lies in not taking action.
According to a recent market research report released by MarketsandMarkets, the composable applications market, of which composable commerce is a part, is projected to grow from $5.2 billion in 2023 to $11.8 billion by 2028. This shows that many companies have a serious financial interest in composable architecture. We invite you to download this white paper to stay informed.
Composable Architecture
As a forward-thinking executive, it's essential to consider the benefits of composable architectures, which represent the cutting edge of e-commerce evolution. This approach offers unparalleled flexibility and adaptability, allowing you to assemble your e-commerce platform from a collection of best-of-breed components, each optimized for specific functions.
By adopting a composable architecture, you can:
- Tailor your platform precisely to your business needs
- Respond rapidly to market changes and customer demands
- Innovate more quickly and efficiently
- Scale specific components of your platform as needed
- Potentially reduce long-term costs through more efficient resource allocation
While composable architectures require careful integration and management, their benefits, including enhanced innovation capabilities, improved scalability, and potential cost efficiencies, make them attractive for ambitious retail organizations looking to stay ahead of the competition.
What You Learn
As you evaluate your current e-commerce infrastructure, this white paper helps you determine how shifting towards a more flexible, composable commerce architecture could position your business for future growth and success in an increasingly competitive digital marketplace. This strategic move towards an agile e-commerce platform could be the key to unlocking new opportunities, improving customer satisfaction, and driving long-term profitability for your e-commerce operations.
This white paper is a comprehensive strategic guide for retail leaders and covers the following essential topics:
- High-Level Overview of Composable Commerce
- Strategic Importance of Composable Commerce
- Evolution of E-commerce Architectures
- Understanding Composable Commerce
- Development Team Experience: Monolithic vs. Composable E-commerce Platforms
- Critical Components of Composable Commerce Systems
- The Imperative of E-Commerce Agility
- Why Senior Leadership Should Pay Attention
Keep your business from hitting the iceberg! Drawing upon an extensive pool of expertise, we stand ready to provide support and guidance. We have helped guide the technology decisions and strategy of many retail and D2C organizations to support their long-term commerce road maps. It's best to contact us directly (click). However, if you can't confer with us now, download the white paper to get informed.
Rama Aluri
Practice Leader, E-commerce and Enterprise Content Management
Published Sep 01 2024
