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What retail technologies should your business be using

Published on 21 August 17
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Today, retail customers are more informed and empowered than ever before. They also rely on store-provided technology and their mobile devices to accomplish their shopping objectives. Whichever retail business you are in, it is vital to integrate technological solutions that have the capacity to deliver the smooth multichannel experience that your customers need. Understand that, though a business is built by great products, technology is quickly becoming an underlying determiner of a company's success. From inventory and fulfillment technology to POS systems, the efficacy of the solution invested can make or break your business. What retail technologies should you employ?

What retail technologies should your business be using - Image 1

Beacons


Today, the prime focus for retailers is higher customer engagement as this is what translates to a boost in sales. As a business owner, effective in-store digital technology is necessary, and this can be achieved through the adoption of the right strategy tools. Beacons is one of the technologies being used in the offline retail sector. It has been seen to deliver location-based marketing services to the target market. Also, Beacons is a small, low power device, normally Bluetooth-enabled that can be attached to the counter of a store or the shopping carts. The technology is used to boost retail organization, entice customers, keep them in the store for long, and encourage return visits. Beacons that are placed in stores communicate automatically with customers. They play a big role in guiding consumers through their shopping experience and act as a virtual support staff to help them find relevant information easily. In fact, the gadget will alert a shopper when they get near any product on their list, and that is a major retail transformation. They can be synced with POS and CRM systems, as well as customer loyalty programs to monitor a shopper's behavior and spending patterns for valuable insight. With it, customers can also pay online without having to queue.


Biometrics


With biometrics, business owners can now circumvent issues like ID swapping, credential replacements, and manual badge checks. This retail transformation technology is not only making businesses reliable but also lowering costs. Biometrics have very high levels of identification management with various benefits over the traditional means. For instance, while the traditional security systems place emphasis on smart cards, PINs, and passwords, biometrics present a top-notch level of accuracy. With them, it is easy to use characteristics such as iris scans and fingerprints, and these give more accurate and uncompromised results as the features cannot be duplicated. They are also good means of saving time as an individual can be identified or rejected in a matter of seconds, thereby increasing productivity and eliminating fraud.


Mobile E-Commerce Boom


With the popularity of mobile shopping and the current multi-screen world, failing to offer a mobile-friendly shopping experience can place your business at a significant disadvantage. In fact, customer centricity is evolving at a very high rate, and industry leaders are more focused on collaborating with others for retail organization. Retailers are beginning to adapt networks that offer a personalized blend of products to customers, and mobile e-commerce is one of them. You can't fail to incorporate mobile friendly templates and expect your online presence to be optimized. The e-commerce mobile shopper expects to browse products on their mobile apps and make their purchases on the retail portal. For retailers, embracing the mobile movement can strengthen a brand and also increase visibility.What retail technologies should your business be using - Image 2


Internet of Things


The Internet of Things is about internet connectivity in various devices to enable them to communicate with the users. While it may be viewed as just one technology, it incorporates others such as data analytics, sensors, machine-machine communication, and cloud computing. IoT's value comes from the data it generates as it is a real-time data analytics tool that fosters insights and improvements in business. You can only realize its full potential when machines and devices can technically interact with each other. A strategic IoT can help a business save costs and define new paths for innovation. Also, using IoT offers a personalized experience to customers.


Ideally, retail technology is all about consumers. Incorporating the right technology into your business communicates relevance to your shoppers and helps you deepen your relationship with them.

5








Today, retail customers are more informed and empowered than ever before. They also rely on store-provided technology and their mobile devices to accomplish their shopping objectives. Whichever retail business you are in, it is vital to integrate technological solutions that have the capacity to deliver the smooth multichannel experience that your customers need. Understand that, though a business is built by great products, technology is quickly becoming an underlying determiner of a company's success. From inventory and fulfillment technology to POS systems, the efficacy of the solution invested can make or break your business. What retail technologies should you employ?

What retail technologies should your business be using - Image 1

Beacons

Today, the prime focus for retailers is higher customer engagement as this is what translates to a boost in sales. As a business owner, effective in-store digital technology is necessary, and this can be achieved through the adoption of the right strategy tools. Beacons one of the technologies being used in the offline retail sector. It has been seen to deliver location-based marketing services to the target market. Also, Beacons is a small, device, normally Bluetooth-enabled that can be attached to the counter of a store or the shopping carts. The technology is used to boost retail organization, entice customers, keep them in the store for long, and encourage return visits. Beacons that are placed in stores communicate automatically with customers. They play a big role in guiding consumers through their shopping experience and act as a virtual support staff to help them find relevant information easily. In fact, the gadget will alert a shopper when they get near any product on their list, and that is a major retail transformation. They can be synced with POS and CRM systems, as well as customer loyalty programs to monitor a shopper's behavior and spending patterns for valuable insight. With it, customers can also pay online without having to queue.

Biometrics

With biometrics, business owners can now circumvent issues like ID swapping, credential replacements, and manual badge checks. This retail transformation technology is not only making businesses reliable but also lowering costs. Biometrics have very high levels of management with various benefits over the traditional means. For instance, while the traditional security systems place emphasis on smart cards, PINs, and passwords, biometrics present a top-notch level of accuracy. With them, it is easy to use characteristics such as iris scans and fingerprints, and these give more accurate and uncompromised results as the features cannot be duplicated. They are also good means of saving time as an individual can be identified or rejected in a matter of seconds, thereby increasing productivity and eliminating fraud.

Mobile E-Commerce Boom

With the popularity of mobile shopping and the current multi-screen world, failing to offer a mobile-friendly shopping experience can place your business at a significant disadvantage. In fact, customer centricity is evolving at a very high rate, and industry leaders are more focused on collaborating with others for organization. Retailers are beginning to adapt networks that offer a personalized blend of products to customers, and mobile e-commerce is one of them. You can't fail to incorporate templates and expect your online presence to be optimized. The e-commerce mobile shopper expects to browse products on their mobile apps and make their purchases on the retail portal. For retailers, embracing the mobile movement can strengthen a brand and also increase visibility.What retail technologies should your business be using - Image 2

Internet of Things

The Internet of Things is about internet connectivity in various devices to enable them to communicate with the users. While it may be viewed as just one technology, it incorporates others such as data analytics, sensors, machine-machine communication, and cloud computing. IoT's value comes from the data it generates as it is a real-time data analytics tool that fosters insights and improvements in business. You can only realize its full potential when machines and devices can technically interact with each other. A strategic IoT can help a business save costs and define new paths for innovation. Also, using IoT offers a personalized experience to customers.

Ideally, retail technology is all about consumers. Incorporating the right technology into your business communicates relevance to your shoppers and helps you deepen your relationship with them.

5

This blog is listed under Development & Implementations and Enterprise Applications Community

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