It is an undeniable fact that the continual advances in modern-day technology are changing the way that many business sectors operate. From manufacturing industries to service sectors such as retail and real estate, there is a new revolution in progress. The traditional way of doing things is in danger of becoming extinct.
Topics: Retail Analytics, 3D Scanning Technology, Big Data
Over the last few years the retail industry has evolved rapidly, with advances in technology ensuring the marketplace is a very different thing to that of days gone by. The global domination of the internet has undoubtedly played a major role in this evolution. Online shopping now accounts for a substantial percentage of retail profits, with research revealing that consumers in the United Kingdom are due to spend in excess of 100 billion pounds online in 2014. The number of people who purchase goods on the internet has more than doubled over the past decade, with this figure no doubt boosted in recent times by the creation of smart technology. Because of smartphones and tablets, the internet can now be accessed anywhere at any time. This has led to the birth of the omni-channel retail marketplace.
Topics: Retail Estate, 3D Scanning Technology, Showrooming, Big Data, Omnichannel Shopping