The retail companies are snowballing ahead with the recent technological innovations like AR, VR, and artificial intelligence (AI); to expand their consumer base and simultaneously position themselves as a unique brand. This onus is to make the buying experience quick, seamless, and pleasant.
Driven by the market demands, the introduction of showrooms powered by augmented reality and smart mirrors that can read RFID tags on clothes has improved a buyer’s experience. Having said that, the industry is showing a gradual shift toward a cashier-less retail experience; the customers no longer have to face the hassle of waiting in longer queues to check out from the store. Alongside, the introduction of smart shelf sensors is proving to be a fascinating offer for their customers by linking the physical products to the virtual shopping carts.
In the wake of these trends that are shaping up the retail space, we have compiled stories of some of the most outstanding retail tech companies to understand the standpoint of their technologies and discover the recent innovations flourishing the market. We believe that these vendors can help elevate the status of retail companies through their uniqueness.
We present to you Retail CIO Outlook’s “Top 20 Leading Retail Tech Companies – 2019.”