This document discusses the digital makeover of Westfield shopping centre and its impact on the industry. It explores the use of analytics and IoT in attracting customers and highlights the potential risks involved. The document also emphasizes the need to properly utilize technologies for positive results.
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Running head: ICT PROFESSIONAL PRACTICE AND ETHICS ICT PROFESSIONAL PRACTICE AND ETHICS Name of the Student Name of the Organization Author Note
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1ICT PROFESSIONAL PRACTICE AND ETHICS Westfield is a company of shopping centre at Australia and it has been noticed recently that the organization is wooing a number of customers by its total digital makeover of the experience within the mall. It was not much long ago that all the operators of mall were getting disrupted due to several e-commerce sites like Amazon.com and the long tail of rivals of it, operators of mall are feeling an effect of trickling down of falling(Marshall, Mueck and Shockley 2015). The organization Westfield is seen to have been managing huge billions in assets which mostly spans about 35 centres of shopping for searching several ways for improving the fortunes of it. The fortunes of the company has been improved by all the signs which are digital, several sensors as well as analytics which can further help in providing recommendations which are mostly personalised (Holmes 2013). For countering the retailer’s complete closure which has been crushed by the industry of e-commerce, all the operators of mall are luring several types of partners of retailing involving restaurants having fine dining, chains of gym as well as the concepts of entertainment like bowling or golf in miniature (Wakefield 2018). It has been believed by the company that such types of services will make the mall much more inviting for all the consumers. Westfield is seen to have been transforming 18 of all the flagship properties of it into Smart Centres which are enabled digitally. Armed with the help of several new insights as well as capabilities, the organization has increased the efficiency of its operation as well as created several new experiences for setting the brand of it apart from all shoppers and it has also been providing several opportunities of growth for partners of entertainment, hospitality as well as retail (Seale and Niesche 2017). With the vision of SmartCenter and also the strategy based upon end-to-end across the whole journey of all the shoppers. The company is building a full new model of business which totally redefines the experience within the mall. With the help of the transformation done digitally as well as the partnership with the Cisco, the
2ICT PROFESSIONAL PRACTICE AND ETHICS company is seen to be disrupting the industry in the middle of the whole change. Some of the solutions of digital disruption involves a parking which will be connected, presence of sensors, and also platforms for several operations of IoT. It can be finally said that for coping up with the severe competition faced from all the emerging e-commerce sites have resulted in a closure or loss of the economy of such industries. It must be remembered as several technologies like analytics are being utilised for the betterment of the mall in attracting a number of customers, there are also a number of threats as well as risks which may arise from such a digital makeover. Technologies are to used properly for obtaining positive results. Introduction of Analytics as well as IoT is basically seen as some of the disruptive technologies which have led to a huge change in the environment of the mall.
3ICT PROFESSIONAL PRACTICE AND ETHICS References Holmes, T., 2013. Magazines and Promotion.Promotional Culture And Convergence: Markets, Methods, Media. London: Routledge, p.173. Marshall, A., Mueck, S. and Shockley, R., 2015. How leading organizations use big data and analytics to innovate.Strategy & Leadership,43(5), pp.32-39. Seale, M. and Niesche, C., 2017. Interview: Margie Seale.Company Director,33(1), p.20. Wakefield, J., 2018. Incentive System Disruption of Social Media Disruption.