This digital transformation affects both the supply side and the demand for retail trade, including factories, transportation, drones, robots, and augmented reality.
Some many companies and startups organize events and webinars to enlighten you and people about the cutting-edge technologies and its contributions in many fields like marketing, experiential retail, business, lifestyle, etc.
Retail Business Get Reshaped in the Labs or Operating Rooms
If a buyer roams on a smartphone or navigates in a physical store, it is undeniable that the retail business is in the middle of a major transformation. Beginning with deliveries by drones to augmented reality in stores, what was once the realm of imagination or science fiction is quickly becoming a reality, thanks to a reinforced edge of the network and, very soon, the 5G technology.
This digital transformation affects both the supply side and the demand for retail trade, including factories, transportation, drones, robots, and augmented reality. The way consumers make purchasing decisions is changing, and the ability of electronic retailers and traditional retailers to accept, adopt, and adapt to new technologies will likely impact the success of their businesses.
The following example shows how retailers that adopt the technology can optimize the buyer’s experience from a warehouse shelf to the consumers’ hands.
Ex. Robots and Drones, the Future of Pickup & Delivery
Shortly, perhaps even within a few years, it may be common for a customer to enter a grocery store without human cashiers behind the cash register.
- For Robots
Autonomous robots are already working alongside humans in warehouses. These robots rely on cameras and other sensors to gather information about their environment, including the presence of people, and adapt to the real-time environment. Improvements in vision and grip technology allow the robots to pick up parts at warehouse operations and could help them stock the grocery store shelves or scan customer purchases.
A future with robots will require a robust and secure computing infrastructure to ensure solutions are available and secure. The infrastructure system must be self-repairable with built-in redundancy.
- For Drones
Drone technology has progressed from a simple remote control operation to intelligent piloting and autonomous flight modes. PwC estimates that the current global market for commercial applications of drone technology exceeds 127 billion dollars based on its ability to disrupt a range of industries that range from agriculture to filmmaking.
Also, its ability to capture data has been improved and now includes HD and 4K video. As technology progresses and becomes smarter, the amount of operational and collected data increases exponentially.
Package delivery companies are experimenting with drones to accelerate package delivery. The widespread adoption of drones will be influenced by the many regulatory problems facing technology and could be positively affected by possible advances with 5G technology.
The Bottom Line
That was only one example of these rapidly advancing technologies and how it would affect the Pickup and Delivery systems in the meantime. Hopefully, you enjoyed reading the article while getting enlightened about what experience nowadays.
