An Introduction to Technology Extensibility

A Key Home Furnishings Technology Trend

Let’s set the stage for retail technology extensibility. The rate at which technology is evolving is exponential, and it’s not a coincidence. There are two attributes that lead to its continual progression:

1. First, as technology advancements become more widely adopted, costs lower, increasing technology’s accessibility and usage.
   
2. Consequently, every technological advancement opens the door for the next wave, compounding what is possible for the future.

Technology acceleration matters to your home furnishings retail business. Your customers expect a wide variety of technology applications to play a role in the retail experience your brand delivers. This is where technology extensibility becomes essential.

What Is Technology Extensibility?

This latest terminology is not just a buzzword, it’s a strategic path forward.

“Extensibility is a measurement of a piece of technology’s capacity to append additional elements and features to its existing structure. A software program, for example, is considered extensible when its operations may be augmented with add-ons and plugins. Extensible programming languages have the ability to define new features and introduce new functionality within them.”

Defined by Technopedia

With more types of technologies becoming part of retail experiences, extensibility becomes a necessary characteristic of your technology infrastructure. Extensibility empowers you to manage seamless customer experiences and multiple sources of software generating your business’ data.

Relating to the Abstract Concept of Extensibility

The smartphone is an incredibly relatable example of extensibility. At its core, a phone’s primary functions allow you to make calls and send text messages to communicate with your network of contacts. But through extensibility, your phone effortlessly becomes a daily calendar, camera, gaming console, mobile bank, fitness tracker, navigation system, and more. What your phone will one day be capable of probably hasn’t been conceived yet. Your smartphone is a hub, and what it can accomplish through extensibility is limitless.

How is this true? Application developers and technology companies fundamentally understand how important your phone is to your daily life. Therefore, when developers create proprietary solutions, they engineer them to play well with this hub.

As the industry’s trusted Unified Commerce solution, how is STORIS delivering platform extensibility?

As a technology partner, STORIS delivers an extensible technology platform and is rapidly expanding in this area. Customers are seeking holistic retail experiences, and your data is more powerful when it works together. Having a central hub that connects a retailer’s vital technology infrastructure is the path forward to delivering seamless customer experiences. How is STORIS achieving extensibility?

1. STORIS’ Unified Commerce Solution as a Single Source of Truth – As new technologies emerge, you require a foundational, industry-focused solution you can use to run your core business processes as well as build upon. It is vital to connect information across your entire ecosystem and consolidate this data into a single source of truth. How your central technology consumes and presents multiple sources of data is important to your success.
   
   
2. Amplifying Integration Capabilities via APIs and WebHooks – STORIS is fostering extensibility through Application Program Interfaces (APIs) and WebHooks, which push and pull data through a technology ecosystem. TechBeacon notes, “extension points on a platform make it easy for developers to add new features and connect add-ons that enhance performance and usability.” APIs and WebHooks are technological extension points that can be used to automate the exchange of data, allowing your technology network to operate as a fluid ecosystem. 
   
   
3. Participation in Open-Source Developer Communities—Extensible platforms use modern programming languages to ensure compatibility with other leading technology providers. Our engineers are members of open-source communities working together to advance technology by sharing and iterating upon the world’s leading programmatic ideas. This supports technology compatibility.
   
   
4. Technology Partnership Enablement – The ability to connect with external parties, especially those that are market leaders within subsets of your industry, is key. STORIS provides and is rapidly expanding the network of partners with which our retailers can collaborate.

Prioritize Technology Extensibility on Your 2024 Roadmap

TechBeacon summarizes the need for extensibility best.

“The extensibility of a software platform is essential for today’s businesses, to develop and run solutions that address their current needs while supporting innovation at low risk to ongoing operations.”

STORIS is leading the charge on extensible technology architecture in home furnishings retail. Extensibility empowers you to create holistic brand experiences, utilize your business’ data, and implement game-changing automation – a win for your team and customers alike. To learn more about our connected solutions, speak to an expert today.