Latest From Science & Engineering, Medicine & Innovation [02.15.15]

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Physical Digital Retail   #PhysicalDigitalRetail  #21stCenturyRenaissance

 

A brief overview of the nature of Physical Digital Retail  #21stCenturyRenaissance

Retail has become a blur – with Physical Stores and Online Retail (together with Mobile) – each approaching the other to create something new – Physical Digital Retail.

Target, Macy‘s and Walmart, the Physical Stores, are focusing on

  • Online Retail and
  • In-store Mobile Tracking & Commerce

while Amazon and Google, the online giants, are investing in

  • “Same-day delivery Services” (the “instant gratification” factor – that only Physical Stores could offer in the past).

 

“In-store” Intelligent interfaces that interact with customers are beginning to make their appearances in Physical Stores.

Big Data and Analytical Tools will get popular among Physical Retailers for tasks such as

  • Sales pattern investigation
  • Supply chain management (SCM)
  • Product placement in Stores (utilizing methods such as Market basket Analysis).

 

Physical Digital Retail” is big!

 

Youtube Playlist (Compiled By Me):

Physical Digital Retail : What does the future of Retail look like?

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