Here are a few trending buzzwords to add to your “Bingo” card for 2020. Our Research Blog gives you the most exhaustive innovation insights! Let’s start with data security. Digital customer experience. For retail, the analytics and data upside is in demand forecasting and supply chain planning. Many of these breaches were caused by flaws in payment systems that were taken advantage of by hackers. As retailers work to manage data-driven decisions across channels, numerous disparate and global locations, edge analytics is a near-term real opportunity. 6 Emerging Trends in Retail for 2019 and Why They Matter ... the retail industry is evolving at a rapid pace. The rapid expansion of emerging technologies that enable new capabilities and provide on-demand services is adding to the security risks that threaten retailers’ businesses. (Digital) loyalty platforms. Analytics becomes part of the fabric of the organization – this skill set now and, in the future, will be “part” of every team – not its own disparate team. Instead of counting your pennies or tapping in your pin number, all you have to do is wave your smartphone. Since these containers can be operated in parallel, the existing infrastructure is easier to maintain. Three Emerging Retail POS Technologies That Will Benefit Retailers. As we covered last year, we’ve been hearing the Blockchain buzz for several years and in retail, it is not a reality (yet). Digital, digital, digital. So how can one person be the chief digital officer? THE CHIEF “DIGITAL-ANALYTICS-DATA-INFORMATION-TECHNOLOGY-TRANSFORMATION” OFFICER EVOLVES, What about digital? environment. Or if you’re doing your food shopping, a notification could be sent to you as you walk past items that are on your shopping list. Cyber Security. Let’s start with data security. Digital, digital, digital. One enabler to that is a microservices architecture. Each mirror has a built in 3D camera and can superimpose virtual outfits or looks onto you. Retailers including John Lewis have already invested in Beacon technology. The report draws upon interviews among financial institutions and solution providers as well as a survey administered among 132 North American financial institutions during May and June 2012. This will be interesting to watch as more and more consumers shop online vs. walking the traditional (or non-traditional) malls and if the overall market cools and consumers pull back on spending. Communication, Retail & leisure, How do you define “digital” anyway? And the chief digital officer? Each microservice can be implemented in a different programming language on a different platform. Retail Innovation Map Reveals Emerging Technologies & Startups As consumer preferences and behavior change, retailers turn to emerging technologies to keep their customers happy. For years, e-commerce represented the next-big-thing in retail. Blockchain. Edge analytics allows for the ability to run a variety of machine learning, predictive and prescriptive models that require a more powerful compute environment. We did lose many retail stores in 2019, including Sears, Kmart, Payless Shoesource, Barneys, Party City, Gymboree, Dress Barn, Fred’s, Shopko, Charming Charlie, Avenue, LifeWay Christian Resources, A.C. Moore, and Charlotte Russe to name a few. This allows for a more ‘seamless’ shopping experience, removing the time it takes to try and test products before you buy. The words that are intended to imply value – or something worth buying – and most of the time, this is in fact the case! Timeless. 5 Technologies Transforming Retail in 2018. In discussing the content, he was quick to highlight elements of the vision that were timely (important now / next 6-8 months) vs. timeless (important for long-term competitive and comparative advantage). 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