{"id":1578,"date":"2018-01-17T17:06:13","date_gmt":"2018-01-17T11:36:13","guid":{"rendered":"http:\/\/mag.vue.ai\/?p=1578"},"modified":"2024-04-16T11:03:19","modified_gmt":"2024-04-16T05:33:19","slug":"retail-tech-trends-to-look-out","status":"publish","type":"post","link":"https:\/\/www.vue.ai\/blog\/ai-in-retail\/retail-tech-trends-to-look-out\/","title":{"rendered":"Retail Tech Trends to Look Out for in 2024!"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-transparent ez-toc-container-direction\">\n<p class=\"ez-toc-title\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-69f29999330a7\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-69f29999330a7\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.vue.ai\/blog\/ai-in-retail\/retail-tech-trends-to-look-out\/#whats-next-you-ask\" title=\"What\u2019s next, you ask?\">What\u2019s next, you ask?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.vue.ai\/blog\/ai-in-retail\/retail-tech-trends-to-look-out\/#1-in-store-field-management-technology-innovations-to-reach-new-heights\" title=\"1. In-store &amp; field management technology innovations to reach new heights\">1. In-store &amp; field management technology innovations to reach new heights<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.vue.ai\/blog\/ai-in-retail\/retail-tech-trends-to-look-out\/#2-iot-is-still-a-popular-choice\" title=\"2. IoT is still a popular choice\">2. IoT is still a popular choice<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.vue.ai\/blog\/ai-in-retail\/retail-tech-trends-to-look-out\/#3-1-1-personalization-in-mainstream-retail\" title=\"3. 1:1 Personalization in mainstream retail\">3. 1:1 Personalization in mainstream retail<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.vue.ai\/blog\/ai-in-retail\/retail-tech-trends-to-look-out\/#4-ar-in-mainstream-retail\" title=\"4. AR in mainstream retail\">4. AR in mainstream retail<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.vue.ai\/blog\/ai-in-retail\/retail-tech-trends-to-look-out\/#5-cx-king-of-the-enhanced-dx-kingdom\" title=\"5. CX, king of the enhanced DX kingdom\">5. CX, king of the enhanced DX kingdom<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/www.vue.ai\/blog\/ai-in-retail\/retail-tech-trends-to-look-out\/#6-luxury-retail-to-explore-eastern-lands\" title=\"6. Luxury retail to explore eastern lands\">6. Luxury retail to explore eastern lands<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/www.vue.ai\/blog\/ai-in-retail\/retail-tech-trends-to-look-out\/#7-circularity-on-the-go\" title=\"7. Circularity on the go\">7. Circularity on the go<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/www.vue.ai\/blog\/ai-in-retail\/retail-tech-trends-to-look-out\/#8-smart-homes-are-a-norm\" title=\"8. Smart Homes are a norm\">8. Smart Homes are a norm<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/www.vue.ai\/blog\/ai-in-retail\/retail-tech-trends-to-look-out\/#9-voice-shopping-to-revolutionize-the-way-we-approach-the-internet\" title=\"9. Voice shopping to revolutionize the way we approach the internet\">9. Voice shopping to revolutionize the way we approach the internet<\/a><\/li><\/ul><\/nav><\/div>\n<span class=\"rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Reading Time: <\/span> <span class=\"rt-time\">5<\/span> <span class=\"rt-label rt-postfix\">minutes<\/span><\/span><p style=\"text-align: justify;\">2022 has been an action-packed year in the field of digital transformations in retail. With more mainstream retail brands integrating the latest tech and making data driven advances online and offline, and retail giants like Amazon, incorporating smarter alternatives in every aspect of their service, think Amazon Prime Air (a total win for retro futurism, by the way), one can only expect companies to focus on adaptability as a vital factor to success, now more than ever.<\/p>\n<p style=\"text-align: justify;\">Read about the trends that made an impact in 2017, <a href=\"https:\/\/www.vue.ai\/blog\/trends-and-analysis\/2017-review-a-big-year-in-fashion-and-retail-technology\/\">here<\/a>.<\/p>\n<figure id=\"attachment_1600\" aria-describedby=\"caption-attachment-1600\" style=\"width: 800px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-1600\" src=\"https:\/\/www.vue.ai\/blog\/wp-content\/uploads\/2018\/01\/retro.jpg\" alt=\"(Source: Gizmodo)\" width=\"800\" height=\"450\" srcset=\"https:\/\/www.vue.ai\/blog\/wp-content\/uploads\/2018\/01\/retro.jpg 800w, https:\/\/www.vue.ai\/blog\/wp-content\/uploads\/2018\/01\/retro-300x169.jpg 300w, https:\/\/www.vue.ai\/blog\/wp-content\/uploads\/2018\/01\/retro-768x432.jpg 768w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/><figcaption id=\"caption-attachment-1600\" class=\"wp-caption-text\">(Source: Gizmodo)<\/figcaption><\/figure>\n<h2 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"whats-next-you-ask\"><\/span>What\u2019s next, you ask?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p style=\"text-align: justify;\">We\u2019ve looked at some fascinating retail trends and predictions to watch for in 2018.<\/p>\n<h2 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"1-in-store-field-management-technology-innovations-to-reach-new-heights\"><\/span>1. In-store &amp; field management technology innovations to reach new heights<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p style=\"text-align: justify;\">With Wal-Mart Stores deploying shelf-scanning robots in more than 50 U.S. stores to replenish inventory and Amazon using bots in warehousing solutions. It is easy to predict that bots are going to emerge in more than just the warehousing sector, and it is happening already! We\u2019re talking bots in the supply chain management to the elder care industry. Honda has announced a whole family of assistive robot concepts, hinting at major changes in the home appliance experience to follow in the upcoming years.<\/p>\n<h2 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"2-iot-is-still-a-popular-choice\"><\/span>2. IoT is still a popular choice<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p style=\"text-align: justify;\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-1602\" src=\"https:\/\/www.vue.ai\/blog\/wp-content\/uploads\/2018\/01\/marketoonist.jpg\" alt=\"(courtesy: Marketoonist.com)\" width=\"1200\" height=\"861\" srcset=\"https:\/\/www.vue.ai\/blog\/wp-content\/uploads\/2018\/01\/marketoonist.jpg 1200w, https:\/\/www.vue.ai\/blog\/wp-content\/uploads\/2018\/01\/marketoonist-420x300.jpg 420w, https:\/\/www.vue.ai\/blog\/wp-content\/uploads\/2018\/01\/marketoonist-300x215.jpg 300w, https:\/\/www.vue.ai\/blog\/wp-content\/uploads\/2018\/01\/marketoonist-768x551.jpg 768w, https:\/\/www.vue.ai\/blog\/wp-content\/uploads\/2018\/01\/marketoonist-1024x735.jpg 1024w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" \/><\/p>\n<p>(courtesy: Marketoonist.com)<\/p>\n<p style=\"text-align: justify;\">\u00a0They say 2018\u2019s going to be a bot-help-bot world! IoT will continue to expand, with devices focused on enhancing experiences in the retail, healthcare, and supply chain industries. We will also see the rise of integrated devices across platforms. This means, a smoother user experience on the consumer side and headway in bringing in well developed AI to analyze and manage devices between devices.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"3-1-1-personalization-in-mainstream-retail\"><\/span>3. 1:1 Personalization in mainstream retail<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-1612\" src=\"https:\/\/www.vue.ai\/blog\/wp-content\/uploads\/2018\/01\/shutterstock_428275672.jpg\" alt=\"True personalization\" width=\"1000\" height=\"652\" srcset=\"https:\/\/www.vue.ai\/blog\/wp-content\/uploads\/2018\/01\/shutterstock_428275672.jpg 1000w, https:\/\/www.vue.ai\/blog\/wp-content\/uploads\/2018\/01\/shutterstock_428275672-300x196.jpg 300w, https:\/\/www.vue.ai\/blog\/wp-content\/uploads\/2018\/01\/shutterstock_428275672-768x501.jpg 768w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/>\n<p style=\"text-align: justify;\">Understanding data is crucial for sales, now more than ever and AI has been proving to be an effective tool in deciphering and understanding user behavior. Being relevant to one\u2019s audience with tech that truly provides<a href=\"https:\/\/www.vue.ai\/solutions\/ai-personalization-engine\/\"> 1:1 personalization<\/a> is the need of the hour! 2018 will see the rise of mainstream solutions for <a href=\"https:\/\/www.vue.ai\/solutions\/ai-personalization-engine\/\">personalization engine<\/a> in the everyday CX journey. With tech leaders making big decisions in this area, others are set to follow. It can be rightly said that in 2018, retail without AI, simply isn\u2019t retail anymore. Retailers will continue to invest AI and Machine Learning based algorithms to compete with Amazon.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"4-ar-in-mainstream-retail\"><\/span>4. AR in mainstream retail<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-1607\" src=\"https:\/\/www.vue.ai\/blog\/wp-content\/uploads\/2018\/01\/shutterstock_603835895.jpg\" alt=\"shutterstock_603835895\" width=\"4100\" height=\"2736\" srcset=\"https:\/\/www.vue.ai\/blog\/wp-content\/uploads\/2018\/01\/shutterstock_603835895.jpg 4100w, https:\/\/www.vue.ai\/blog\/wp-content\/uploads\/2018\/01\/shutterstock_603835895-300x200.jpg 300w, https:\/\/www.vue.ai\/blog\/wp-content\/uploads\/2018\/01\/shutterstock_603835895-768x512.jpg 768w, https:\/\/www.vue.ai\/blog\/wp-content\/uploads\/2018\/01\/shutterstock_603835895-1024x683.jpg 1024w\" sizes=\"(max-width: 4100px) 100vw, 4100px\" \/>\n<p>It is no surprise that AR will outperform VR Technology this year, with growing relevance in fashion and automation. The former being an elegant, on-the-go solution that fits right into everyday life, thus giving it the upper hand in the tech race. AR technology may become a mainstream\u00a0solution faster than anticipated due to the availability of ample data for AR to evolve and be more accessible for various applications.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"5-cx-king-of-the-enhanced-dx-kingdom\"><\/span>5. CX, king of the enhanced DX kingdom<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<figure id=\"attachment_1604\" aria-describedby=\"caption-attachment-1604\" style=\"width: 455px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-1604\" src=\"https:\/\/www.vue.ai\/blog\/wp-content\/uploads\/2018\/01\/cx.jpg\" alt=\"(source: TheBuyStories)\" width=\"455\" height=\"469\" srcset=\"https:\/\/www.vue.ai\/blog\/wp-content\/uploads\/2018\/01\/cx.jpg 455w, https:\/\/www.vue.ai\/blog\/wp-content\/uploads\/2018\/01\/cx-291x300.jpg 291w\" sizes=\"(max-width: 455px) 100vw, 455px\" \/><figcaption id=\"caption-attachment-1604\" class=\"wp-caption-text\">(source: TheBuyStories)<\/figcaption><\/figure>\n<p style=\"text-align: justify;\">According to Gartner, <a href=\"https:\/\/www.vue.ai\/blog\/vuetag\/data-intelligence-ecommerce\/\">Smart personalization<\/a> engines used to recognize customer intent will enable digital businesses to increase their profits by up to 15% and that\u2019s not it. Companies are looking at enhancing the digital experience with chatbots and algorithms that understand their customers\u2019 state of minds.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"6-luxury-retail-to-explore-eastern-lands\"><\/span>6. Luxury retail to explore eastern lands<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-1605\" src=\"https:\/\/www.vue.ai\/blog\/wp-content\/uploads\/2018\/01\/shutterstock_124072477-1.jpg\" alt=\"shutterstock_124072477-1\" width=\"1000\" height=\"667\" srcset=\"https:\/\/www.vue.ai\/blog\/wp-content\/uploads\/2018\/01\/shutterstock_124072477-1.jpg 1000w, https:\/\/www.vue.ai\/blog\/wp-content\/uploads\/2018\/01\/shutterstock_124072477-1-300x200.jpg 300w, https:\/\/www.vue.ai\/blog\/wp-content\/uploads\/2018\/01\/shutterstock_124072477-1-768x512.jpg 768w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/>\n<p style=\"text-align: justify;\">Future trends for 2018 looks sunny, thanks to the growing middle class in China and to the millennials who are leaning towards spending their disposable income on experiential service and retail this year. Notably, China shows great promise as the next luxury retail destination with many luxury fashion and lifestyle brands in the process of migrating East with big marketing strategies on the table.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"7-circularity-on-the-go\"><\/span>7. Circularity on the go<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-1599\" src=\"https:\/\/www.vue.ai\/blog\/wp-content\/uploads\/2018\/01\/shutterstock_273242915.jpg\" alt=\"circularity in fashion\" width=\"3100\" height=\"2027\" srcset=\"https:\/\/www.vue.ai\/blog\/wp-content\/uploads\/2018\/01\/shutterstock_273242915.jpg 3100w, https:\/\/www.vue.ai\/blog\/wp-content\/uploads\/2018\/01\/shutterstock_273242915-300x196.jpg 300w, https:\/\/www.vue.ai\/blog\/wp-content\/uploads\/2018\/01\/shutterstock_273242915-768x502.jpg 768w, https:\/\/www.vue.ai\/blog\/wp-content\/uploads\/2018\/01\/shutterstock_273242915-1024x670.jpg 1024w\" sizes=\"(max-width: 3100px) 100vw, 3100px\" \/>\n<p style=\"text-align: justify;\">2017 saw fashion labels explore and embrace sustainability. However, 2018 will witness as many as 64 fashion companies forming 7.5 per cent of the global fashion industry has committed to following a circular fashion system. Business is evaluating the practicality of designing practices that work towards using better fibres and materials, reducing the use of harmful chemicals and rethinking the overall business and supply chain processes towards a more sustainable and circular one. This means that this year, brands will explore various aspects from manufacture to dispatch, in order to maximize resources, technology and in turn, on efficiency.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"8-smart-homes-are-a-norm\"><\/span>8. Smart Homes are a norm<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-1610\" src=\"https:\/\/www.vue.ai\/blog\/wp-content\/uploads\/2018\/01\/shutterstock_314082038-1.jpg\" alt=\"shutterstock_314082038-1\" width=\"1000\" height=\"684\" srcset=\"https:\/\/www.vue.ai\/blog\/wp-content\/uploads\/2018\/01\/shutterstock_314082038-1.jpg 1000w, https:\/\/www.vue.ai\/blog\/wp-content\/uploads\/2018\/01\/shutterstock_314082038-1-300x205.jpg 300w, https:\/\/www.vue.ai\/blog\/wp-content\/uploads\/2018\/01\/shutterstock_314082038-1-768x525.jpg 768w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/>\n<p style=\"text-align: justify;\">Smart toilets to smart mirrors aren\u2019t luxury anymore- with companies in IoT and consumer electronics on the run to develop products of unrivaled user experience, one can predict the competitive trend to continue in the year. These smart devices will not only transform household tech but also influence home furnishing and the interior decor industry.<\/p>\n<h2 style=\"text-align: left;\"><span class=\"ez-toc-section\" id=\"9-voice-shopping-to-revolutionize-the-way-we-approach-the-internet\"><\/span>9. Voice shopping to revolutionize the way we approach the internet<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-1611\" src=\"https:\/\/www.vue.ai\/blog\/wp-content\/uploads\/2018\/01\/shutterstock_580126987.jpg\" alt=\"shutterstock_580126987\" width=\"1000\" height=\"667\" srcset=\"https:\/\/www.vue.ai\/blog\/wp-content\/uploads\/2018\/01\/shutterstock_580126987.jpg 1000w, https:\/\/www.vue.ai\/blog\/wp-content\/uploads\/2018\/01\/shutterstock_580126987-300x200.jpg 300w, https:\/\/www.vue.ai\/blog\/wp-content\/uploads\/2018\/01\/shutterstock_580126987-768x512.jpg 768w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/>\n<p style=\"text-align: justify;\">For eCommerce, the biggest implications will revolve around in-depth product information being compatible with voice search (<a href=\"https:\/\/www.vue.ai\/products\/ai-powered-personalized-search\/\">personalized search<\/a>)patterns. Retailers like Walmart and Staples are looking to provide ease of shopping, while companies like Lyft plan to integrate Alexa\u2019s voice-activation to book cabs.<\/p>\n<p>With a lot of tech and money invested in the year with great expectations in digital transformation, it is critical for companies to be aware and adapt to the changes the year is about to stir up!<br \/>\nWant the latest updates on products and tech?\u00a0 Follow us on\u00a0<a href=\"https:\/\/twitter.com\/vue_ai\">Twitter<\/a>, <a href=\"https:\/\/facebook.com\/vueai\">Facebook<\/a>\u00a0 or\u00a0<a href=\"https:\/\/www.linkedin.com\/company\/vue-ai\/\">LinkedIn<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p><span class=\"rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Reading Time: <\/span> <span class=\"rt-time\">5<\/span> <span class=\"rt-label rt-postfix\">minutes<\/span><\/span> 2022 has been an action-packed year in the field of digital transformations in retail. With more mainstream retail brands integrating the latest tech and making data driven advances online and offline, and retail giants like Amazon, incorporating smarter alternatives in every aspect of their service, think Amazon Prime Air (a total win for retro futurism,  &#8230;<\/p>\n","protected":false},"author":23,"featured_media":1621,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1162],"tags":[55,83,84,85,86,87,88,29,23,89,90],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Retail Tech Trends to Look Out for in 2024 | Vue.ai<\/title>\n<meta name=\"description\" content=\"2023 has been an action-packed year in the field of digital transformations in retail.Retail Tech Trends to Look Out for in 2024\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, 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