Rebooting Retail - Emerging Technologies Key for Major Transformation

A quantum leap across the value chain has forced retailers to adopt emerging technologies such as AI, IoT, and robotics. They are betting big on how the new-age technologies can help in product recommendations and promotional offers based on shoppers’ previous actions, browsing behavior, purchase history, and demographics. The dynamic shift in consumer behavior and growing competition is increasing expectations around omnichannel offerings, ease of access, and seamless workflow.

The COVID-19 pandemic has augmented the demand for online commerce exponentially, where managing warehouse inventory, order fulfillment, route optimization, and digital payments are crucial requirements. The report focuses on how the retail sector is leveraging emerging technologies to drive innovation and marching towards massive transformation.

Innovations: Presents real-world innovation use cases and examples related to the implementation of emerging technologies by companies as well as startups in the retail sector. It casts light on how tech-enabled innovations are transforming every segment of the sector value chain.

Scope

• Theme Exposure Map: presents the top themes impacting the sector over the last three years compared to other sectors.
• Patent Filings Chart: displays the top ten themes in the sector with the highest number of patent filings over the last three years.
• Innovation Map: key real-world innovation use cases of emerging technologies implemented by enterprises and startups in the sector.
• Innovation Insights: innovation examples by each value chain segment of the sector to present key trends.
• Vendor Map: represents a sample list of vendors in each use case highlighted in the report.

Reasons to Buy

• No surprise that technology has been a driving force in business transformation for years, but the term ‘emerging technologies’ has all of the sudden became the key catalyst to drive the next wave of innovation across sectors.
• The sense of urgency weighs different across different sectors, where the direct customer-facing sectors are at the forefront compared to other capital-intensive sectors. Companies in one sector can take cues from successful innovations in other sectors to either draw analogies with existing products, services and processes or transfer strategic approaches for a revolutionary transformation.
• Against this backdrop, enterprises need to understand which emerging technologies are impacting their sector and how various companies are implementing them to meet various challenges.
• The innovation landscape report in retail, published as part of an ongoing series, covers some of the key trends, use cases, and real-world examples related to the implementation of emerging technologies across the retail sector value chain.