The growth of e-commerce today is challenging businesses and teams to think about commerce and the solutions that run them differently. In the next couple of years, e-commerce sales are expected to reach $4.5 trillion. And even though that only accounts for about 10% of total retail sales, one thing is abundantly clear—the opportunities for e-commerce businesses will only continue to grow.
But as your business grows, conventional tools like Excel, ERP systems, and standard e-commerce platforms start to show their weaknesses when it comes to managing product data. Home-grown systems and on-prem solutions can’t scale or deliver the power, security, and performance you need.
That’s why product information management (PIM) systems have become so important to e-commerce. If you’ve been weighing the pros and cons of an investment in PIM, consider these seven signs that your e-commerce business could benefit from a dedicated PIM solution.