Retailers that deliver a combination of convenience and tech-driven service could beat of the High Street malaise They also need to compete with the likes of Amazon Go and others that are starting to eat their lunch.
According to Deloitte’s global powers of retailing 2018 report, which ranks retailers based on their brick-and-mortar performance, the role of stores “must be reimagined.” It says that an in-store experience will be pivotal in order for retailers to remain relevant during this transformative retail age. Retailers must incorporate advanced technologies by adding experiential elements that will define the most innovative and compelling stores, delivering multiple benefits to savvy retailers wishing to drive market share and stay ahead of the curve.
So, how can retailers deliver an engaging experience on a tight budget? Here are five companies that have technology that can help retailers get there today – and do so without breaking the bank.
Do you harbour dreams of being like Amazon Go, able to let customers walk in, pick up what they want and walk out again? Well you can – and it won’t take 10 years of expensive R&D as Trigo Vision, a computer vision startup, has done that for you.
Trigo Vision’s tech combines a ceiling-based camera with machine vision algorithms to identify and precisely capture customers’ shopping items to eliminating the need for a checkout process.
The Amazon Go-like technology, developed by experts that have an extensive experience in Israel’s military is using fewer cameras compared to similar services in…