DECEMBER 2021retailtechinsights.com6EditorialCOVID-19 pandemic has significantly impacted the retail landscape and drastically affected consumer behaviors, supply challenges and store operations. Retailers are undergoing digital transformation to leverage modern tools that improves their operations and aids in recovering from pandemic after-effects. Companies realized how vulnerable supply chains are to such market disruptions and are investing in innovative technologies such as extended reality, data analytics, AI and robotics. The European retail analytics market is expected to grow from 2021 to 2026 with a CAGR of 21.1% and will reach USD 2,500 million by 2026.IoT enabled devices generate data, indicating customers' needs and demands while also catering to inventory management at the warehouse and stores. Machine learning and artificial intelligence are solving supply chain issues by detecting supply disruptions, tracking suppliers and offering alternative solutions. AI and ML enabled data analytics assist retailers to take smart decisions to maximize profits at reduced cost and time. Moreover, retail sector has deployed AI powered CRM software, automated inventory management, demand forecasting and chatbots to give customers a seamless experience. In addition, contactless payments are also making retail outlets operate seamlessly by enabling customers to skip payment at the cashier. Advancements in 5G and mobile technology is boosting the usage of AR in retail sector, offering a personalized experience to shoppers.In this edition of retail tech Insights, we bring you the story of some of the most promising retail tech solution providers delivering the best outcomes for their clients. This edition also offers thought leadership exclusive insights from subject matter experts from CIOs and CXOs. We hope this edition will help you choose the right solution providers for your needs.Let us know your thoughts!Thrive in the New Era of Digital RetailCopyright © 2021 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 - 17 - 2021, Volume 06 - Issue 19 Published by ValleyMedia, Inc. To subscribe to Retail Tech InsightsVisit www.retailtechinsights.comManaging EditorLinda BurnsEditorial StaffAaron SmithJoshua ThomasLisa DebraDerrick JohnJohn JamesSteven RichardVisualizerVinay CruzEmail: 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.com
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