Staying Competitive in Retail: Future Success Tied to Adoption of Innovative Tech

January 12, 2024
Gabrielle Bar

 

In the rapidly evolving retail industry, a wide array of innovative tech is reshaping the landscape, marking a significant transformation in both the shopping experience and the operational aspects of businesses.

This video from Datascan, explores a range of innovative technologies transforming the retail industry. It delves into the use of RFID for efficient inventory management, the application of Augmented Reality (AR) for virtual try-ons, the role of Artificial Intelligence (AI) in creating personalized shopping experiences, and the development of smart stores equipped for cashierless checkouts. These technological advancements are crucial for retailers to stay competitive and meet the evolving expectations of consumers in the retail sector.

Recent Episodes

retail personalization and gamification
View episode

In the ever-evolving retail landscape, staying ahead means embracing innovative strategies. This clip from a recent edition of Experts Talk explores the dual power of personalization and gamification in transforming customer experiences. Retailers today are harnessing the magic of personalization, tailoring experiences to individual preferences, and boosting customer satisfaction. Simultaneously, gamification injects fun and engagement…

Merging Traditional Craftsmanship with Modern Entrepreneurship
View episode

In an age where mass production dominates, the art of craftsmanship and its profound impact on culture and community is increasingly rare. This rarity has brought craftsmanship into the spotlight, as consumers and creators alike seek authenticity in a digital world. At the heart of this movement is Sabah, a brand that has successfully…

Retail Marketing Gamification Experts Talk
View episode

Retail marketing is undergoing a transformation driven by the experience economy, pushing brands to innovate with engaging and interactive customer experiences. Gamification is at the forefront of this movement, offering a dynamic way to enhance customer loyalty and drive revenue. As brands explore unique loyalty programs, immersive on-site marketing, and in-store pop-up experiences, the question…