But what if digital technologies never existed? What would the world be like?
IoT enables data sharing among all the devices in the network, irrespective of their medium of connectivity.
In-store and online retail have always stood in passive opposition to each other, but in the first quarter of 2019 this confrontation took an especially dramatic turn. Multiple mass media outlets published articles with agitated headlines like “It's Official: "Clicks" Have Topped "Bricks" (CBS News) or “Online Shopping Overtakes a Major Part of Retail for the First Time Ever” (CNBC), which proclaimed the final surrender of bricks to clicks.
UPI has revolutionised the way Indians used to look at digital payment systems. In four years, it has surpassed Visa and MasterCard.
The rapid rise of retail tech has touched almost every part of shopping; from discovery apps like Yelp to Buy now pay later brands like Klarna and Afterpay.
Find out the Top 5 Retail Technologies brick and mortar shops should adopt in 2021 and how VR, robots, and other retail tech can help them.
Artificial Intelligence (A.I.) is the future.
Are you in retail and planning to make mobile part of your strategy? Do you follow a bring-your-own-device (BYOD) policy and need to separate business and personal data on the same devices? If so, mobile device management (MDM) will become an important strategic consideration for your executive team.
What would be the price of our product or service? This question has bothered businesses forever. Several pricing models have been spawned as a result. But the concept of price optimization is a fairly new one. At least to businesses that are not in the hospitality or airline sector.
Brick-n-mortar retailers, learn how to implement an AI-powered autonomous checkout from smart vending machines and kiosks to full store automation.
Cryptology ePrint Archive has published a paper, entitled ‘LucidiTEE: Policy-compliant Fair Computing at Scale’, credited to a trio of staff members working for Visa and Visa Research by the names of Rohit Sinha, Sivanarayana Gaddam, and Ranjit Kumaresan.
If you Google "ignorant retail traders," you'll find mentions on the Financial Times, Seeking Alpha, Wired, Berkshire Money Management, The Street, and even The South China Morning Post.
Business applications of computer vision technology for Enterprises, retail analytics, edge computing, intrusion detection and monitoring
Let’s learn about the business model of Walmart. How did the world's largest retailer provide Everyday Low Prices yet earn $ 572B as revenue for 2022? Read on.
These technologies are expected to become commonplace within the retail industry within a matter of time.
We all know how essential it is for any professional to keep upgrading their skills to stay on top of their game. I've decided to compile a list of useful online courses (both free and paid) to help you further your career if you are a pricing, brand or category manager in need of mastering the power of technology.
Price matching might sound like the ultimate pricing strategy that your business should include after you hear about price match Walmart policy. It is true that many consumers put the price as their primary factor to consider when they purchase an item whether it is online or in-store.
As long as consumers choose a hybrid shopping model, merchandising will keep driving sales.
Whether you are craving a burger or Chinese food tonight, there is no need to reach for your wallet or phone to buy it. Food vendors in California are embracing facial recognition — technology that lets you pay with a smile.
A look at how artificial intelligence can be beneficial in the retail sector
Engage3 will transform the way that products are bought and sold by bringing human values into pricing decisions.
With 96% of Americans shopping online and the rise of AI lead cashier-less retail stores such as one of Amazon’s 15 Go stores, Artificial Intelligence (AI) has become a key element in the digitalization of in-store retail by personalizing the customer experience and creating a more engaged business-to-consumer interaction. For retail companies, AI creates an opportunity to bridge the gap between virtual and physical sales channels.
Explore the future of retail and the merging of physical and online shopping experiences. Discover the latest trends and technologies shaping the way we shop.
Large retailers use ERP software to make sure their operations are running smoothly. Such tools are designed to address the problems faced by retailers today.
We experienced digital transformation on an unprecedented scale in 2020. Here’s how artificial intelligence is transforming online shopping.
Find out how you can replace sampling campaigns during the COVID-19 pandemic to be safe and still engage with customers.
Acme Inc. (Operating Department Store in Singapore)
Why the Augmented Geomarketing shall change the real sector and its business?
Sustainable, cost-effective, and consumer-friendly: digital price tags are entering the fashion industry through shelf-edge technology.
Data is the crucial information businesses need to remain profitable. AI can bridge the gap between unused data and those profits in the retail sector.
Setting product prices is a complex process, involving so many factors. Using good price optimization solutions helps make this task easier and more effective.
COVID-19 has changed the world of retail almost overnight. Its impact on e-Commerce is creating challenges to online retailing, selling & services that no one has imagined in the first quarter of 2020-21.
This blog is aimed at guiding users to understand how they can leverage AWS SageMaker, AWS Marketplace and AWS Data Exchange to deduce smarter decisions.
Andreas Hassellof, Founder and CEO of Ombori, explores how changing customer behaviors impact retail, and drive retail technology innovation.
SKU management is the process of creating, organizing, and perfecting an alphanumeric SKU system for the items in your inventory. SKUs give inventory details.
In an age where our daily lives are interconnected to technological advancement, it may be time to consider using a mobile device to make payments while on the go. We live in a world operating on ease and immediate response, so it may be time to convert towards this new, innovative option.
I hate shopping in brick and mortar stores. However, my interest in virtual shopping is not limited to the buyer experience only. With the MobiDev Data Science department, I’ve gained experience in working on AI technologies for virtual fitting room development. The goal of this article is to describe how these systems work from the inside.
Can Kanye West help the Gap dig itself out of deep hole?
Fashion image tagging is infamously tedious for eCommerce. But, how can AI help create accurate tags--and go a step beyond in understanding fashion information?
Have you considered the idea of using geofencing marketing in your business strategy? It is one of the best marketing tactics for those retailer stores businesses. Geofencing helps you reach out to potential customers in your confined area.
What is the future of retail in the post-COVID-19 world? The 2021-reality trends show how technology and innovations help retailers face challenges.
Heavily shattered by the pandemic, the retail sector is on the lookout for innovation.
Times have changed, and businesses either need to change with them or die. Long gone are the days of niche brick-and-mortar stores, and as Millenials and GenZ consumers start to earn more money, the e-commerce market world needs to shift as well. In order to survive, stores became brands, enticing their customers to remain loyal and shop with them even when they could find better deals elsewhere.
Stores are changing. We see it happening before our eyes, even if we don’t always realize it. Little by little, they are becoming just one extra step in an increasingly complex customer journey. Thanks to digitalisation and retail automation, the store is no longer an end in itself, but a mean of serving the needs of the brand at large. The quality of the experience, a feeling of belonging and recognition, the comfort of the purchase… all these parameters now matter as much as sales per square meter, and must therefore submit themselves to the optimizations prescribed by Data Science and its “intelligent algorithms” (aka artificial Intelligence in the form of machine learning and deep learning).
As more security features rely on the internet, the potential for cyber exploits increases, though this isn't the only reason retail stores are susceptible.
BIG ALICE is a scanning studio that can provide 3D renderings and accurate measurements of any human or object.
Some brands are choosing to go back in time by using a made-to-order business model. Why aren't other brands making the leap?
Robots, AI, and other tech are transforming retail experiences. Find out what technologies best suit your in-store marketing efforts and how you can use them.
What are the main ERP trends in retail? Feel free to explore this guide to keep up with the best updates to potentially implement them into your business.
Over the years analytics has created an important space for itself in the retail industry where it helps to bridge the gap between what retailers have to offer and what the customers want.
AI-enhanced retail holds the promise to eliminate operational inefficiencies and provide shoppers with frictionless in-store experiences.
Your customers’ credit score is one of the most important numbers of their financial lives. This three-digit number is the most used credit scoring model by lenders for evaluating a borrower's creditworthiness or the likelihood that they’ll repay the money.
Technology has advanced rapidly when you look at how far we've come in the last decade or two, even when comparing the mobile phones of 2000 versus today. It's changed the world. Something else changing the world is the COVID-19 pandemic. As we get used to our new normal, technology will play a major role. For retailers, technology will be the most important tool in their journey to survive.
How can fashion brands enter the digital world using AI? Read my new interview with a maker of a highly-innovative technology that makes it a reality.
Amazon, mobile, A.I… there are dozens of new threats, technologies and processes a strategy executive must keep in mind to stay ahead of the curve when faced with skydiving sales.
Retailers are perfectly poised to adapt with ease as we move into a post-pandemic world, having experienced such a necessary yet dizzying acceleration in digital transformations over the past year.
The concept of live shopping goes back to the 80s and builds on the idea of video shopping.
This blog will walk through a detailed example of how to configure and deploy live streaming and personalization into an ecommerce site.
Find out how to offer an amazing customer experience from four top retail experts. Read their tips and try them out yourself.
The pandemic (you know the one) has disrupted stores and restaurants in a way no one could have expected at the start of 2020. Health scare, mass unemployment, e-commerce, Amazon competition, ballooning debt… we didn’t start the fire, it was always burning… but now there are ambers everywhere and we’ve got to get to work to save the good china.
Follow the supermarket industry trends and take your existing retail software solutions to the next level with AI
Top retail experts share their knowledge and predictions on the state of in-store marketing in 2021. Check out their views on how COVID-19 affected brick and mo
Learn about key retail technology trends that can help brick-and-mortar retailers sustain their businesses. Dive into the applications of innovative retail tech
