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MarketOrders News

How MarketOrders is pioneering ‘Smart Retailing’ in the gold jewellery industry

 

Today, retail shopping involves one of two options; you either buy products online or walk into brick and mortar stores.

These days however more and more people want their goods to be delivered faster and cheaper to their doorsteps which continue to put pressure on traditional retailers or brick and mortar outlets.

But when online shops can’t quite deliver, the customer needs to go to the store themselves and this experience can be very frustrating. Therefore this cannot be the only option.

So let us introduce a new form of retailing called ‘Smart Retailing’ being pioneered by my company, MarketOrders. We are shaping up a new type of retail experience by combining the best of both online and offline retailing for the gold jewellery industry.

At MarketOrders, we call this a converging platform. Our platform is helping to redesign traditional stores into smart retail stores. We help retail jewellers to embrace new technology to enhance their traditional retail stores.

eCommerce and the high street don’t have to fight for sales. Instead, we help our retail jewellers discover how they can use digital tools like MarketOrders to help reach more customers by ordering smarter and cheaper.

Even though the world is becoming more digitised, there is still demand for in-person purchases. People don’t just want to buy a product. They want to buy an experience, especially when it comes to high-value items like gold and diamond jewellery.

Retail stores can embrace this growing trend through what we call ‘Smart Retailing’ and we are already helping traditional gold jewellery retailers to adapt to the new digital world in new and creative ways.

 

photo credit: https://pixabay.com/en/jewelry-necklace-shop-windows-1159685/

 

MarketOrders, proof of concept (POC)

So let’s start with your experience when you visit any gold jewellery shop if you have been to one. It takes hours for you to choose and pick that perfect item for your loved ones.

You might not like the design or style or maybe it’s too expensive. It could also be a dull experience if you are having to get the attention of store staff and they are not being particularly helpful!

You could purchase the item online however that is also not a perfect experience. You may want to touch the item, feel it and try it on. The item may also need to be made to order and can’t accommodate a suitable delivery window in time.

 

photo credit:https://pixabay.com/en/handshake-hands-laptop-monitor-3382503/

 

Introducing the MarketOrders hyper-local mobile commerce vision

From our experience, we have seen that most customers prefer to buy local especially when it comes to jewellery.

Now through the MarketOrders platform and its hyperlocal mobile commerce, everything will be customised the way you want (business owner and end consumers) and the experiences will be powered with technology. This will help the customers to make more informed choices and improve efficiency.

The MarketOrders platform allows the retailer or their customers to pick and choose what they want, when they want and at what price they want.

Purchasing gold jewellery is still operating in a very traditional way. The process was designed decades ago. The retailer has to visit the suppliers to find designs that suit his customers needs based on gut feelings as nothing is digitised or data-driven.  This costs time and money and is an inefficient process.

MarketOrders redesigns this experience by bringing universal designs onto our platform. Retailers can view the products they want with no sales pressure to buy, no need to travel to the suppliers on the other side of the world and no longer having to leave the business unattended. Retailers can also purchase from one source instead of multiple distributors which is also time-consuming.

MarketOrders allows retailers to browse what they want and check the price suitability before placing the order and make a request to deliver or pick up at a particular time.

All the small traditional retailers can get a unique makeover by using the MarketOrders platform.

Most brick and mortar jewellery retailers have not changed the way they operate since the mid-eighties and these stores are the lifeblood of many localities and communities. Today they need to be more convenient to cater to today’s shoppers and satisfy their experiential desires.

 

The real transformation that MarketOrders will bring is digitising the traditional store.

The technology that MarketOrders is building will help traditional retailers with the analytics of their store. This will help decide what products they need, how much they need, who is their customers and etc.

This means the local stores will be better enabled to serve the needs of the local customers. The possibility for small brick and mortar shops are endless with MarketOrders where we are helping to reimagine the stores the way their customers want to shop. Smart Retailing is the future for the gold jewellery industry.

 

Connect with us:

Web: https://marketorders.net/
Facebook: Facebook: https://www.facebook.com/marketordersofficial/
Twitter: https://twitter.com/Market_Orders
Instagram: https://www.instagram.com/marketorder/
LinkedIn: https://www.linkedin.com/company/market-orders/

Contact details: [email protected]

 

Written by CEO & Founder, Ram Krishnna Rao

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MarketOrders News Press Coverage

Press Release

 

MarketOrders is thrilled to announce they have been announced as Finalists in the West London Business Awards in the Start Up of the Year category.

 

The judging panel of the West London Business Awards 2019 met on Wednesday 21 November and today announces its shortlist.

 

The Awards recognise the outstanding achievements of organisations and individuals across five themes: sector leadership, sustainable & responsible business, economic growth, corporate leadership, and individual leadership.

 

The winners in each category, as well as the overall West London Company of the Year 2019, will be announced at a glittering awards ceremony and dinner on Friday 8 February at Twickenham Stadium.

 

Now in their sixth year these are the only business awards for the West London sub-region. They celebrate business excellence, and showcase the innovation and entrepreneurial vibrancy of West London’s remarkable business community.

 

Andrew Dakers, CEO of West London Business said:

“We have again received a fantastic number of high quality entries this year, despite tough entry criteria. Our shortlist, which this year includes Corporate categories for  the first time, provides a window on the excellence that continues to drive West London’s economy forward, as well as the exciting innovations coming through. The awards night at Twickenham will provide a fitting platform, and plenty of inspiration too, as we recognise the success of all these businesses.”

“The Gala dinner will also see us announce our first West London Business Leader of the Year, a Lifetime Achievement Award winner and a new line-up of West London Business Ambassadors.  We look forward to a great night.”

 

Ram Krishnna Rao, CEO of MarketOrders said:

‘’We are thrilled to reach the Finalist stage in this prestigious accolade which further demonstrates that West London can produce award winning start-ups and has a thriving ecosystem for tech based companies. A huge thanks to my team who work with passion and dedication to drive innovation and build MarketOrders into the success it is today.’’

 

THE SHORTLIST…

Start-up of the Year:

  • Chariot
  • MarketOrders
  • TempaGoGo
  • The Zero Carbon Project

 
SME Sector Leadership

 
Business Services Company of the Year:

  • First Business Water
  • Locata Housing Services
  • TempaGoGo

 

Creative/Media Business of the Year:

  • Big Group
  • By This River
  • DAZN
  • Insightful Images
  • Stephen Johnson Photography
  • Timeline Television
  • TV Ltd

 

Education and Training Provider of the Year:

  • Rough House Media
  • Shout Out UK Ltd
  • Space Studio West London
  • The JGA Group

 

Finance Business of the Year:

  • Beond Group
  • Lawrence Grant Chartered Accountants
  • Smart Currency Business

 

Food and Drink Business of the Year:

  • Chilli Tuk Tuk
  • Curious Roo Coffee Roasters
  • Ma Baker

 

Health and Wellbeing Business of the Year:

  • Age UK
  • Harrow Mencap
  • The West London Children’s Wellness Centre

 

Hospitality Business of the Year:

  • Artisan
  • Clayton Hotel Chiswick
  • Copthorne Tara Hotel

 

Logistics Business of the Year:

  • Alexanders Removals & Storage
  • Sprint Logistics

 

Manufacturing / Reprocessing Business of the Year:

  • Alter London Limited
  • Everglade Windows
  • Proper Oils

 

Property and Construction Business of the Year:

  • KSBC
  • Wilkinson Construction Consultants

 

Retail / Wholesale Business of the Year:

  • Made of Carpet
  • Petit Miracles
  • World of Tattoos

 

Technology Business of the Year:

  • CustoMem
  • eBusiness Guru
  • Medidata

 
Sustainable and Responsible Business
 

Community Investment Award:

  • A Slice of Nice Cake Co
  • Action West London
  • Ealing Mencap
  • Petit Miracles

 

Green ‘Circular Economy’ Business of the Year:

  • Buckingham Futures
  • CustoMem
  • Green Tomato Cars
  • In Your Face Advertising
  • Lofbergs
  • Proper Oils

 

Economic Growth

 

Coworking Space of the Year:

  • Central Research Laboratory
  • Central Working White City
  • Imperial White City Incubator
  • Open Cell
  • Wimbletech CIC

 

Export / International Business of the Year:

  • DAZN
  • Medidata

 

High Growth SME of the Year:

  • Alexanders Removals & Storage
  • Everglade Windows
  • Pots & Co
  • Timeline Television

 

Read the full article here: https://www.westlondon.com/west-london-business-awards-2019-shortlist-announced/

 

Written by MarketOrders

 

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Press Coverage

Self-publishing News: Eyes on the Prize

December 2018
 
“… I intimated last week that after many disappointing years, 2018’s Futurebook looked like a do not miss event. Looking back, there were certainly plenty of highlights, and much for indies to learn. There are some great summaries online which make a good place to start. This is the organisers’ recap. And ALLi’s very own Sukhi Jutla, who was speaking with Publica, has a fascinating account here. …”
 
Read more:  https://selfpublishingadvice.org/self-publishing-news-eyes-on-the-prize-3/

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MarketOrders News

Revolutionising the jewellery retail industry with blockchain and AI

 

So much of the world has been revolutionized by technology yet the retail jewellery industry is still lagging behind.

 

The gold and diamond jewellery industry is still relatively untouched by the benefits of technology and this traditional industry which is run on trust has still not fully embraced the benefits that technology can bring to this sector.

 

It’s no longer enough to just have an online digital presence. The tech world is moving ahead fast with the rise of the blockchain, artificial intelligence (AI and machine learning (ML) that are all playing a critical role for the SME markets in general. these technologies are now being harnessed to authenticate products, speed up transactions and understand their customer profiles better in order to serve them in more new and innovative ways.

 

How SMEs can harness the power of new tech

MarketOrders is on a mission to harness the power of blockchain and AI in small retailers to bring in a new level of innovation.

 

At MarketOrders, we are excited about how innovation can be introduced into the retail industry via the application of the Blockchain and AI.

 

Since the gold and diamond jewellery industry is very new to technology and innovation, there is a huge unmet need in this market which will give rise to new opportunities and possibilities. This, in turn, will unlock a huge amount of potential.  Blockchain and AI will give superpowers to small retailers who are better able to compete.

 

Small retailers especially those who only have brick and mortar shops are bogged down with complex and chaotic systems as most of the processes are conducted offline.

 

Just imagine the efficiencies that could be created when the SMEs embrace digital processes and look to the blockchain and AI to help them better reach their customers and serve them in new ways.

 

Small retailers not only have the potential to transform their businesses but can change or adapt the way they interact with customers.

 

The Rise of Smart Retailing

In this digital experiential economy, the customers first point of interaction is now online and mobile through their smartphones. It is vital SMEs can embrace mobile technology and ensure they are able to reach their customers in the way they engage with technology. We call this the rise of Smart Retailing

 

Today there are more phones than people in the world. MarketOrders will democratize access to smart retailing in the way that Google democratized access to information.

 

Having MarketOrders as a technology partner, retailers do not need to build technology but just plug into our ready-made platform.

 

The Gold Jewelry and Diamond industry are ripe for disruption

The coming revolution in the space of Blockchain and AI into smart retailing can only come from digital upstarts such as MarketOrders rather than any retail unit or existing retailers collectively because today’s industry disruptors tend not to be incumbents.

 

In years to come, Blockchain, AI and Automation in business practice will be viewed like how people viewed the internet; an essential part of the business like smartphones are today.

 

Stay up to date with the latest news by signing up to our newsletter here: https://marketorders.net/

 

Written by CEO & Founder, Ram Krishnna Rao

 

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MarketOrders News Press Coverage

MarketOrders announced as Top 100 European Digital Pioneer by The Financial Times & Google

 

MarketOrders is thrilled to announce their co-founder and COO, Sukhi Jutla, has been selected as a top 100 European Digital Pioneer and featured in a special report published by the Financial Times with support from Google on 21 November.

The special report entitled ‘’Europes Road to Growth’’ was officially launched at Google’s offices in Brussels in a special awards ceremony attended by Sukhi Jutla.

This project, Europe’s Road to Growth, aims to highlight individuals, organisations and companies, large and small, that are tackling the challenge of digitalisation in interesting ways.

The Financial Times whittled down 4000+ nominations to a list of 100 digital transformation champions.

Sukhi Jutla of MarketOrders was listed as a ‘Leading Individual’, a list of men and women who are helping to promote digital transformation in Europe as leaders and influencers, both behind the scenes and in the public eye.

Sukhi Jutla was listed alongside other leading pioneers including Niklas Adalberth Co-founder of Klarna, Anne Boden Founder and chief executive of Starling Bank, Daniel Ek Founder and chief executive of Sweden-based music-streaming company Spotify, Taavi Kotka Estonia’s first ever chief information officer, Frédéric Mazzella founder of BlaBlaCar, and Elizabeth Varley Founder of TechHub.

A message from the CEO, Ram Krishnna Rao:

‘’I am immensely proud of my team at MarketOrders who continue to challenge the status quo and keep pushing boundaries whilst showcasing the best of British startup talent. MarketOrders is pioneering new ways for the gold and diamond jewellery industry to embrace technology helping them to become digital leaders in their own businesses. A special thank you to Sukhi Jutla who continues to fearlessly push boundaries, is a formidable COO and co-founder and a rising star. She is a pivotal and inspiring role model for all women, not only in tech but for those everyone striving to make a real impact.’’ 

Read the full list here: https://www.ft.com/content/6d68a236-e153-11e8-8e70-5e22a430c1ad

You can find out more about this project here: https://www.ft.com/reports/europe-road-to-growth

Written by MarketOrders

 

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MarketOrders News

Seizing the Blockchain Opportunity with MarketOrders

 

On 13th Nov 2018, our COO and co-founder, Sukhi Jutla spoke at the ‘Seizing the Blockchain Opportunity’ event held by London & Partners.

 

The sold-out event bought together professionals working in the blockchain space and those wanting to learn more about the real-life use cases of blockchain and where the opportunities are.

 

We are on the cusp of a blockchain revolution. The last year alone has seen major corporates gain interest in the distributed ledger technology, and an increasing number of companies are starting and scaling rapidly in the space.

 

The event saw three panel discussions, outlined below, and welcomed speakers from early-stage start-ups all the way to major corporations in the blockchain industry, to discuss the reality of the space, its major challenges and the greatest opportunities for applying this emerging technology.

 

 From L-R: Simone Maini, Abel Tedros, Anna Mostyn Williams, Sukhi Jutla

Here is a summary of the event with key takeaways

 

Panel 1: Opportunities and Dreaming Big: this panel discussed the major opportunities that are now possible thanks to blockchain technology, from creating a truly global marketplace to financial inclusion for the unbanked, digital identity solutions, supply chain transparency and more.

 

Key takeaways:

  • There are powerful use cases for blockchain that can be used for identification purposes to prevent fraud
  • As use cases on the blockchain increase, there could be issues with scaling
  • Users don’t need to understand the mechanics and technical aspects of the blockchain. Need to get them past that. Just how we use the internet and email without thinking about the technical work that happens underneath, we also need to start embracing blockchain and its benefits
  • We all use the internet and email but not all of us necessarily understand how it works!

 

Panel 2: What Keeps Me Awake At Night: this panel explored the main challenges that blockchain faces today, focusing on blocks such as limited transaction speeds, the energy usage of mining, the lack of regulation in the crypto space, amongst others

 

Key takeaways:

  • Can we truly get to a decentralised model or will we see the rise of centralised entities again in order to scale?
  • We need some level of regulation in order for investors to feel comfortable and confident in investing in ICOs
  • Educating the market and its end users in the possibilities of blockchain are important.
  • Giselle Frederick of Zingr explained how market vendors in Grenada, a small Caribbean island, were hesitant of the idea of using a blockchain enabled payment app until she explained they could use this technology to sell even more products to customers on the other side of the tiny island and be guaranteed payment!
  • Rodney Prescott of PWC talked about scaling, adopting blockchain with regards to the consensus mechanism and the rise of consortium structures.

 

Panel 3: How To Start A Career In Blockchain: attendees heard the personal stories of professionals who entered the space, who shared what led them to blockchain and how it is to work in the industry.

 

Key takeaways:

    • Have a growth mindset and actively learn about blockchain
      attend meetups, reach out to your blockchain role models and learn from them
    • If you can’t join a blockchain start up then create something yourself!
    • Follow key people on social channels and learn from them like Andreas M. Antonopoulos, Vitalik Buterin and Joseph Lubin,

 

  • Other useful resources shared:

 

http://www.weekinethereum.com/

http://unchainedpodcast.co/

https://www.coindesk.com/

https://twitter.com/aantonop

https://about.me/vitalik_buterin

 

Written by MarketOrders

 

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MarketOrders News

MarketOrders shortlisted for TechWomen100 Awards

 
 
PRESS RELEASE

 
Since August 2018, WeAreTechWomen has been searching the UK for the best female tech talent in the country. With the support of headline sponsor Worldpay, WeAreTechWomen has now identified a shortlist of 200.

 
MarketOrders is thrilled to announce their co-founder and COO, Sukhi Jutla, has made the shortlist.

 
The public vote of support is now open for the 200 individual shortlist nominees. You can vote for Sukhi here: https://bit.ly/2SPeO5o

 
The TechWomen100 awards are the first of their kind to focus solely on the female tech talent pipeline and to also recognise the impact of champions, companies and networks that are leading the way for future generations of tech talent.

 
The shortlist showcases remarkable women within technology sector covering a wide range of roles such as Machine Learning Engineer, Radio Modelling Engineer, Quantitative Analyst, Brexit Programme Manager, Radio Prototyper, and Cyber Security Consultant.

 
The full shortlist includes individuals from leading firms such as Amazon, Apple, EY, Fujitsu, IBM, Kurt Geiger, Lloyds Banking Group, Mastercard, Microsoft, O2 and PwC, alongside founders and entrepreneurs of tech start-ups.

 
Over the nomination period, WeAreTechWomen received over 500 nominations from across the UK and Northern Ireland. The calibre of entries for these awards was exceptional and all of the judges stated how difficult it was to arrive at the shortlist due to the amazing achievements of our nominees.

 
Vanessa Vallely, Founder of WeAreTechWomen said, “At WeAreTechWomen we have made it our personal mission to shine a spotlight on women working in tech. Our strategic aim is to highlight 500 female future leaders in technology by 2022. The response to this year’s awards has been fantastic and calibre of entries has been outstanding! I am so proud to see so many women in tech recognised for their achievements and really look forward to seeing who our final winners will be in December.

 
The TechWomen100 Awards is supported by Worldpay, Accenture, BAE Systems, Credit Suisse, Dell, Deloitte, NewsUK and Sky.

 

Written by MarketOrders

 

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MarketOrders News

PRESS RELEASE

 
 
 

MarketOrders is thrilled to announce they are part of the #WeAreOneTech campaign to inspire more women and individuals from underrepresented communities to consider starting an ambitious startup.

  

MarketOrders COO and co-founder, Sukhi Jutla, is one of 4 startup founder stories to be profiled for the launch of this nationwide campaign.

 

Watch the video here: https://youtu.be/dSalfHUTU-I

 

Read Sukhi’s full story here: https://medium.com/onetech-founder-stories/meet-sukhi-jutla-39a70f98ebeb

 

About OneTech

OneTech is a ground-breaking new initiative, supported by the JPMorgan Chase Foundation, to provide female entrepreneurs, and those from some of London’s most underrepresented communities, with the opportunity to start and scale a high growth tech business.

 

The lack of diversity costs the tech industry dearly in untapped potential, talent and growth. Capital Enterprise has long recognised that this needs to change.

 

This project will connect founders with mentors and access a range of workspace, pre-acceleration, acceleration and investment readiness opportunities.

 

We are aiming to get businesses to better understand why diversity and inclusion makes sense; what needs to be done to help diversify their recruitment and selection processes; and double the number of female and BAME (Black, Asian and Minority Ethnic) founders accessing investment by 2020.

 

We hope to inspire more women and individuals from underrepresented communities to consider starting an ambitious startup, and affect real change with supply, demand and culture change in London’s booming tech ecosystem.

 
 
 

Find out more: https://weareonetech.org/

 

Read The Evening Standard Coverage: https://www.standard.co.uk/tech/capital-enterprise-onetech-mission-diversity-tech-a3975191.html

 

#WeAreOneTech

 

Written by MarketOrders
 

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MarketOrders News

Press Release

 

 

We are excited to announce that our co-founder and COO, Sukhi Jutla,  has been shortlisted for the prestigious Variety Catherine Awards in the Entrepreneurial Spirit Award!

 

This award recognises women who have ‘done it their way’ by founding and running their own company and have worked to achieve significant results in their chosen field.

 

We are super proud of Sukhi who continues to lead the way as an inspirational role model to many female founders and entrepreneurs and we wish her the best of luck!

 

 
The judging panel will be made up of the following amazing women:
 

  • Paula Radcliffe MBE
  • Lucy Choi – Owner, Lucy Choi London
  • Dr Maggie Semple – Owner, Maggie Semple Limited
  • Suzan Antonowicz – Head of International, Beauty, Fashion and Luxury – ESI Media – The Independent and Evening Standard
  • Kanya King MBE – Founder, MOBO Awards
  • Christina Blacklaws – President, Law Society of England and Wales
  • Lisa Francis – CEO, Barclays Private Bank, UK and Ireland
  • Lesley Batchelor OBE – Director General, Institute of Export and International Trade

 

The winner will be announced on Nov 13th at an awards ceremony. You can get your tickets here:

 

https://www.variety.org.uk/events/variety-catherine-awards-2018

 


Good luck Sukhi!

 

Written by MarketOrders

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Press Coverage

MarketOrders featured in Mayor of London’s Business Growth Program success story video

October 2018
 
London & Partners’ Business Growth Programme offers impartial business advice and support to businesses based in London with between 3 to 250 employees and turnover of less than £40m looking to grow across London. We can help unlock your business potential by identifying barriers to growth and providing strategic solutions including mentoring, workshops, business growth advice and opportunities across our London network: businessgrowth.london