DECEMBER - 2020retailtechinsights.com6As technology progresses by leaps and bounds, the retail industry is witnessing transformation, unlike any other space. Emerging trends, especially associated with the point of sale (POS) solutions, is prompting retailers to revamp their practices and keep up with the changing customer requirements. With 2020 proving to be one of the most challenging times in recent memory for in-store retailers, this is probably the best time to turn everything around and be prepared for the future. From in-store displays and self-service portals to better online experiences, retail needs to be more digital, connected, and immersive than ever before. POS systems have come a long way from being a tool to record transactions to a powerful platform that streamlines an organization's marketing, accounting, inventory, and analytics. Retailers harnessing the power of technological advancements are finding multiple ways to interact with customers and keep thriving. Operators and retailers that leverage the latest POS technology in their stores will make a great impression on their customers. In the aftermath of the COVID-19 crisis, the trend built prior to 2020, where a cashless society was encouraged, will slowly become permanent. While most retail industry players had begun promoting the usage of digital payment options, post-pandemic, the adoption of technology for payments will be accelerated with a number of alternatives to choose from. To sum up, having a state-of-the-art POS system for businesses can get more things done than just collecting payments. With technology innovations, retailers can make efficient data-driven decisions and offer customized products and services tailored to suit their customer requirements. This edition brings you some of the prominent organizations specializing in the POS space and are revolutionizing industries with their offerings. Let us know your thoughts.Reimagining the Future of RetailCopyright © 2020 ValleyMedia, Inc. All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher thereof. DECEMBER - 29 - 2020, Volume 06 - Issue 018Published by ValleyMedia, Inc. To subscribe to Retail Tech InsightsVisit www.retailtechinsights.comManaging EditorLinda BurnsEditorial StaffAaron SmithJoshua ThomasLisa DebraDerrick JohnJohn JamesSteven RichardVisualizerAsher BlakeEmail: editor@retailtechinsights.comsales@retailtechinsights.commarketing@retailtechinsights.com*Some of the Insights are based on the interviews with respective CIOs and CXOs to our editorial staffLinda BurnsManaging Editoreditor@retailtechinsights.comEditorial
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