EssilorLuxottica – Digital Transformation Strategies

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EssilorLuxottica Digital Transformation Strategies Report Overview

EssilorLuxottica’s digital transformation strategies are primarily focused on operational efficiency leveraging data and technology, enhancing customer experience through both online and offline channels, and strengthening its digital culture. The annual ICT spending of EssilorLuxottica was estimated at $359.5 million in 2023. A major share of this spending is earmarked for acquiring ICT services, software, and hardware from vendors. EssilorLuxottica designs, manufactures, and distributes ophthalmic lenses, reading glasses, and optical equipment. The company offers a range of corrective lenses for treating visual disorders such as myopia, hypermetropia, and astigmatism. It also manufactures and sells non-prescription reading glasses, sunglasses, equipment, instruments, and consumables used by prescription laboratories and eyecare professionals. EssilorLuxottica has manufacturing facilities across North America, Latin America, Europe, Asia, the Middle East, Russia, and Africa (AMERA). The company sells its products through a network of distributors in Europe, the Middle East, Africa, and Asia-Pacific.

Total ICT Spending 2023 $359.5 million
ICT Spend by Function Data Center, Communications, Network, Application, End-User Computing, Service Desk, and Management
ICT Spend by Channel Internal Development and Maintenance, Technology Vendors (Direct), Local Resellers, Telcos, ICT Services Providers/Consulting Firms, Specialist Outsourcers, and Systems integrators
External ICT Spend by Segment ICT services, Software (including Cloud SaaS), Hardware (including Cloud Iaas), Consulting, Network and communications, and Others
Technology Theme Focus Artificial Intelligence, Big Data, and Cloud

The EssilorLuxottica Digital Transformation Strategies report will act as a reference point to understand a company/competitor’s digital strategy. It will also help in understanding the digital preparedness of the company against its peers. The information included in this report is sourced from a mix of our very own internal database and authentic secondary research links such as the company’s annual report, presentations, press releases, etc. The report covers an overview of the company, its digital transformation strategies, technology focus areas, technology initiatives, technology introductions, acquisitions, and ICT spending among others.

Digital Transformation Strategies

EssilorLuxottica is extensively leveraging Web 3.0 technologies to deliver personalized customer experiences that cater to individual fashion preferences and eye health needs. The company is using AI behavioral models to customize lenses based on each customer’s lifestyle and requirements. To engage with customers more effectively, EssilorLuxottica is implementing a “phydigital” approach that combines physical events with digital experiences in an omnichannel strategy. EssilorLuxottica 360 offers digital screens to practices, providing high-quality, curated content from the company’s frame and lens brands.

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EssilorLuxottica Technology Theme Focus

EssilorLuxottica is utilizing several emerging technologies including artificial intelligence, big data, cloud, IoT, and digitalization to achieve operational efficiency and enhance customer experience.

EssilorLuxottica Technology Focus

EssilorLuxottica Technology Focus

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EssilorLuxottica Technology Initiatives

EssilorLuxottica has been involved in several strategic technology partnerships and collaborations, technology developments and rollouts, acquisitions, and technology investments over the past few years. For instance, EssilorLuxottica partnered with Boomi, a cloud-based open platform, to streamline order processing across ASEAN, the Middle East, Turkey, Africa, India, Australia, and New Zealand. The Boomi AtomSphere Platform facilitated real-time integration of internal applications and customer orders from various channels. By deploying Boomi’s EDI and API management tools, EssilorLuxottica achieved ERP modernization and enhanced efficiency in its order processing platform.

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EssilorLuxottica ICT Spend by Function

  • Datacenter
  • Communications
  • Network
  • Application
  • End-user computing
  • Service desk
  • Management

EssilorLuxottica ICT Spend by Function, 2023(%)

EssilorLuxottica ICT Spend by Function, 2023(%)

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EssilorLuxottica ICT Spend by Channel

  • Internal development and maintenance
  • Technology vendors (direct)
  • Local resellers
  • Telcos
  • ICT services providers/Consulting firms
  • Specialist outsourcers
  • Systems integrators

EssilorLuxottica ICT Spend by Channel, 2023(%)

EssilorLuxottica ICT Spend by Channel, 2023(%)

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EssilorLuxottica External ICT Spend by Segment

  • ICT services
  • Software (including Cloud SaaS)
  • Hardware (including Cloud Iaas)
  • Consulting
  • Network and communications
  • Others

EssilorLuxottica External ICT Spend by Segment, 2023(%)

EssilorLuxottica External ICT Spend by Segment, 2023(%)

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Scope

This report provides:

  • Insight into EssilorLuxottica’s technology activities.
  • Insights of its digital transformation strategies and technology center & innovation program.
  • Overview of technology initiatives covering product launches, partnerships, investments, and acquisitions.
  • Insights on each technology initiative including technology theme, objective, and benefits.
  • Details of estimated ICT budgets and major ICT contracts.

Reasons to Buy

  • Gain insights into EssilorLuxottica’s technology operations.
  • Gain insights into its technology strategies and innovation initiatives.
  • Gain insights into its technology themes under focus.
  • Gain insights into its various product launches, partnerships, investments, and acquisitions.

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Table of Contents

Overview                                                                                              

– Brief information about the company, its business divisions and its financials

Digital Transformation Strategy                                                      

– A summary of key digital strategies/implementation efforts  of the company

Accelerators, Incubators, and Other Innovation Programs      

– Discusses the company’s key strategic units, innovation labs, incubation and accelerator programs dedicated to technology innovation

Technology Focus                                                                                

– Lists the technology themes pertinent to the industry the company operates in and highlights the themes adopted by the company

Technology Initiatives                                                                        

Discussion about all the technology introductions & partnerships the company has entered

Acquisitions                                                                                        

Brief discussion about the acquisitions by the company

Partnership, Investment & Acquisition Network Map               

– A bird’s eye view of all the partnerships/investments/acquisitions that the company has made in the last 3-5 years

ICT Budget and Contracts                                                                 

– The company’s ICT budget segregated into hardware, software, and managed IT services

Key Executives                                                                                      

– Lists key executives and Digital Transformation Executives of the company, typically the key decision makers/influencers

Frequently asked questions

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