Tony D'Onofrio
Blog
"Your time is limited, so don't waste it living someone else's life. Don't be trapped by dogma - which is living with the results of other 
people's thinking. Don't let the noise of others' opinions drown out your inner voice. And most important, have the courage to follow your heart and intuition." - Steve Jobs
According to a just published study by the Center for Economic Performance at the London School of Economics, human happiness peaks at age 23, hits its low point at
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"James Nesmeth...was an average golfer consistently shooting in the mid-90's, until he developed a unique way of improving his golf 
game. It came while he spent seven years in North Vietnam as a prisoner of war. During those tortuous seven years, Nesmeth lived in a solitary confinement....To keep from losing all hope, he realized that he needed to do something to occupy his mind. So every day he played 18 holes of golf in his mind. He imagined everything in vivid detail...the country club...the smell of the fresh cut grass...the grip of the clubs...practice his swing many times until he perfected it....Upon returning to the actual golf course, he found that he had shaved 20 strokes off his game! By visualizing a perfect game every day for seven years he literally brought his score down to a 74." (1)
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Around the world RFID continues to be piloted in hundreds of retailers. By far the vast majority of the activity is centered in the specialty
soft lines verticals. A handful of major retailers primarily in Europe and North America are post the pilot phase and in full deployment. Retail RFID industry adoption had multiple starts and it is finally coalescing around item level visibility as the foundation to transformational onmichannel retailing. For all the activities and discussions, much more needs to be done to speed up the adoption of this high potential retail technology.
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Being a student of successful global business models and motivational wisdom, this week want to highlight my baker's dozen quotes for 
success.
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This week a video from the IHL Group and a couple of IT posts sparked some thoughts on the evolution of retail as it is accelerating on a
technology shoestring budget.
According to the latest 2013 "State of the CIO" survey from CIO Magazine, the average IT budget as a percentage of revenue is 5.2%, and it was up from 4.7% the previous year. Contrast this to the retail industry where according to Jerry Sheldon from the IHL group, the average IT spend as a percentage of total sales ranged from 1.1% to 1.2%.
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The latest BrandZ Top 100 Most Valuable Global Brands survey has insightful data for both technology companies and the retail 
industry.
For the retail industry, the brand value data projects continued economic recovery especially in the United States and in luxury brands.
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This weekend, while walking with my family through the hills of Thalwil, Switzerland, admiring Lake Zurich below us and in the distance the 
snow capped Alps, I started thinking about the topic of happiness. How do you know whether you are really happy? Is it the money? Your health? Your family? Your Career? Your Children? What are the secrets to happiness?
To answer the happiness question and to discover the secrets to a good life, for 70+ years researchers at Harvard University followed 268 men who entered their university starting in 1937.
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The following image that was published this month on the website DashBurst resurfaced multiple thoughts on convergence as it continues to evolve between traditional security and information systems technologies.
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New technologies such as RFID, NFC, augmented reality and gamefied retail apps will directly interact with consumers based on predictive
behaviors identified by "Big Data". - Tony D'Onofrio
This month RIS News published a great post on 12 key takeaways from a recent Onmichannel Merchandising Symposium.
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"Retail IT is being transformed. CIOs are shifting from proprietary systems to package solutions and from an emphasis on cost 
reduction to a solid bump in IT capital spending. A strong customer focus means CIOs are fixing their attention on channel integration and analytics that will help them spot and anticipate shopper preferences more quickly." (5) - NRF Stores Magazine, April 2013
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It is a Small World
“Even monkeys can fall from their trees.” – Japanese Proverb
Continuing our global learning journey, our next stop is Tokyo Japan. Founded, in 1603, this city was once a small fishing village called Edo. In 1890, it became Tokyo which means Eastern Capital in English.
In Tokyo, you will find the world’s busiest intersection, the Shibuya crossing where 2,500 people cross the intersection, every time the lights turn green. This city also holds the record for the most Michelin starred restaurants at 212 places to enjoy amazing food.
Tokyo is the most populous city in the world with 37 million people. Uniqueness is everywhere, even in vending machines, where you can buy hot meals, fresh produce, and even umbrellas. There is one vending machine in the city for every two people.
Have lost count on the many times I visited Tokyo to experience their modern retail industry. This picture is from the New Otani Hotel gardens, a favorite during multiple visits.
As the Japanese proverb that opened this summary reminds us, no matter how accomplished we become, you can always make a mistake. Overconfidence can lead to missteps. Life is one sweet ride and Japan provides many reminders on how to enjoy it.
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Brilliant Research
Retail’s Hidden Advantage: How RFID & Computer Vision’s Radically Improve Operational Improvements
Companies that are already using RFID technology in our study averaged profit growth in 2023 that was 57% higher than those who do not. And they are expecting their profits in 2024 to be 88% higher than those not already using RFID. Companies are 34x more likely to use computer vision already and 35% more likely to invest in computer vision in 2024 than below average performers. - From IHL Services Read more
Smart Infographic
AI in Retail Organizations: Not Everyone Sees Eye to Eye
More than half of respondents are leveraging AI in some capacity across their businesses today. More than half of CEOs of enterprise-level businesses believe that the role of AI-based technology is fundamental to the future of retail. - From Digital Commerce 360
Insightful Videos
The World Ahead 2024: five stories to watch out for
From the biggest election year in history, to how to control AI and even taxis that fly, The Economist offers its annual look at the world ahead. Read more
