VR and AR are essential tools used to create visual and interactive experiences for all types of industries. COVID-19 has increased the use of digital technologies such as AR and VR for better experiences for both employees working from home and customers. As a result, augmented reality and virtual reality are gaining popularity since it helps customers sit at home and feel the products and services much more effectively and efficiently.
Emerging technologies such as Artificial Intelligence, Machine Learning, Big Data Analytics & Augmented and Virtual Reality have paved the way for digital transformation in the retail industry for years to come. This article takes you through the top technologies and trends that are transforming the retail industry and helping businesses to stay afloat in the new normal of a pandemic-struck world.
COVID-19 has brought about a sudden change in our behavior and attitudes - global consumption patterns of the retail industry have seen a sharp decline and are not predicted to go back up in the foreseeable future. Apart from changing consumer behavior, consumer safety is also a big challenge for retailers as they open their stores once more. Here are some of the ways technology can be leveraged to make the transition to a post-covid world easier for retailers worldwide.
Digital technologies have disrupted many traditional business models, by transforming or creating a whole new business model. Uber, Airbnb, Skype, Alibaba, etc. are some of the best examples for the early disrupters who paved the way for new digital business models, thanks to digital disruption/ transformation. However, if we take the retail industry, it is […]