Product data & content syndication involves managing product data & content & the smooth distribution to different omni channels of retailers
Typically, most retailers would have their own technology to manage product data and at least 3 out of 5 organizations would use a PIM (Product Information Management) system to capture, store and workflow product data.
Along with that there would ideally be a DAM (Digital Asset Management) system to manage digital assets like images, videos, rich media content and the ERP (enterprise resource planning) system. Of course, there are other important systems like a CRM, CMS, PLM etc. which would also be part of the technology eco system of any ecommerce player.
In the gamut of syndication, PIM & DAM play an important role, as the core ideology of syndication is to create a hub of product data and content. From the hub the content can be distributed seamlessly into several channels. PIM & DAM are essentially hubs for product data & content respectively.
Many technology service providers nowadays are trying to bring the best of these 2 systems together to create the ultimate hub or a Unified repository of data and content so that it serves as a good platform to provide a CaaS (Content as a Service) solution.
But there are several challenges to do that, especially for big retailers with millions of products and digital and rich media assets. So, an integrated solution is still a viable option that most retailers are going for.
What is the need for syndication?
In the ever-changing retail landscape where customers are constantly looking for improved experiences, it is essential that the retailers cater to their requirement and give them the experience that they want.
The digital consumer’s experience now goes beyond only an ecommerce website. There are several other touchpoints which have evolved over time like mobile apps, mobile web, internet of things, chatbots etc. And regardless of several touchpoints, they expect same experience and consistency in content, accuracy of data across all these channels.
This consistency in content and thereby the experience need to be supported by robust process workflow and technology to collect, transform and distribute content seamlessly across channels. In short, this is what syndication aims to achieve. Syndication with a headless CMS strategy are almost synonymous, wherein syndication is a concept and headless CMS is the technological tactic to achieve the same.
So, to sum up following are the top advantages of a syndication strategy
- Faster time to market
- Consistency in content across various channels
- Seamless ingestion and distribution of content and product data into retailer’s ecosystem from multiple sources
- A consistent and holistic product and content experience to end consumers.
What lies in the future?
Although the concept of syndication has been doing the rounds for some years now but many retailers are still in the journey of properly adopting it.