Innovations in Retail Technology

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This edition of ITCC TOE provides a snapshot of some of the key ICT-led innovations for the retail industry. It highlights a set of innovative retail technologies that are available today and their key capabilities in addressing existing industry challenges and providing a set of opportunities through new use cases and user experiences. The study highlights eight innovative solutions for enhancing customer engagement for the retailers and improving shopping experience for their customers.

ITCC TechVision Opportunity Engine (TOE)’s mission is to investigate emerging wireless communication and computing technology areas including 3G, 4G, Wi-Fi, Bluetooth, Big Data, cloud computing, augmented reality, virtual reality, artificial intelligence, virtualization and the Internet of Things and their new applications; unearth new products and service offerings; highlight trends in the wireless networking, data management and computing spaces; provide updates on technology funding; evaluate intellectual property; follow technology transfer and solution deployment/integration; track development of standards and software; and report on legislative and policy issues and many more.

The Information & Communication Technology cluster provides global industry analysis, technology competitive analysis, and insights into game-changing technologies in the wireless communication and computing space. Innovations in ICT have deeply permeated various applications and markets. These innovations have profound impact on a range of business functions for computing, communications, business intelligence, data processing, information security, workflow automation, quality of service (QoS) measurements, simulations, customer relationship management, knowledge management functions and many more. Our global teams of industry experts continuously monitor technology areas such as big data, cloud computing, communication services, mobile and wireless communication space, IT applications & services, network security, and unified communications markets. In addition, we also closely look at vertical markets and connected industries to provide a holistic view of the ICT Industry.

Keywords: Blockchain, retail tech, in-store analytics, machine learning, inventory management, retail discovery platform, retail intelligence, image recognition and floor sensors

Table of Contents

Innovations in Retail TechnologyEmerging ICT Innovations for the Retail IndustryMachine Learning to Optimize Promotion CampaignFloor Sensors to Maximize ConversionOptimizing Inventory Management through RobotsUsing Smart Contracts to Track Sneakers AuthenticityDiscovery Platform for Footwear and Apparel RetailersRetail Intelligence Based on Big Data ArchitectureUsing Image Recognition to Create a Visionary Customer ExperienceIn-store Analytics for Brick-and-Mortar RetailersIndustry Contacts




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