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Ten digital trends shaping the future of retail

Ten digital trends shaping the future of retail

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Asia distribution and retail

SUMMARY

The adoption of technologies - Artificial Intelligence, Blockchain or Internet of the Things - can help online retailers to address online customers' needs and engage further with them, this report explains.

In this study, Fung Business Intelligence gives an overview of the most relevant retail technology trends that are already having an impact on the retail sector globally. Businesses are willing to increase their spending on technology as digitalization and E-Commerce are not optional anymore, the research shows, but a matter of survival.

At the same time, customer expectations are as high as ever, and for that reason, online retailers and brands are transforming shopping into a personalized and interesting experience. A successful physical store is not anymore just a place for buying products but it is also a somewhere that offers customers entertainment and technology-enabled tools that enable the merge between the online and offline worlds. The research explains that the increase of smart stores is here to stay and will see a rise over the upcoming year.

Retailers and brands that want to successfully compete in the digital era need to manage to take advantage of the power of technology to adopt digital transformation, the study says.

OUTLINE

AI: retail’s big game changer

IoT: tightening the retailer-customer connection

Greater operational ef ciencies with “the cloud”

Technological innovations are reshaping the future of smart stores

AR and VR technologies take off

Growing adoption of robotics

Voice commerce to grow

Digital payment to reach hype in 2019

Technologies empower

Blockchain improves supply chain transparency

In sum: harness technologies to embrace change

DETAILS

Overview

Researchfinder Rating
5 out of 5 stars
Title
Ten digital trends shaping the future of retail
Sub-Title
Asia distribution and retail
Region
Global
Published
Nov. 25, 2018
Publisher
Fung Business Intelligence
Price
FREE
Language
ENGLISH

Content

Number of Pages
14
Number of Tables
0
Number of Exhibits
0
Topics
ai, e-commerce, iot
Tags
AI, blockchain, ecommerce, Fung Business Intelligence, global, internet of the things, iot, mobile commerce, mobile payment, online payment, online shopping behavior, robotics, social media, social selling, voice commerce
Companies mentioned
Amazon, Alibaba
Methodology
Not available
EVALUATION

A short but comprehensive report on the way technology innovations are reshaping online shopping and the retail sector.

Positives:

  • Great information about the emergence of smart stores
  • Meaning and new information on several topics on technology use and impact on E-Commerce
  • Well-structured, easy to read

Negatives:

  • No tables or graphics

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