Feb 2020retailtechinsights.com6EditorialFrom customers demanding a more personalized experience to businesses relying on data to make smarter business decisions, a POS system is at the center of it all. The POS industry has transformed significantly over the years. Business owners and retailers should always be updated with the latest trends coming into the industry. The digital push also brings a change in payments for the retail industry. As the numbers of mobile users grow, users tend to pay from their smartphones. Taking the attention away from cash and cash registers, the digitalization spearheaded the creation of portable Point of sale solution for the retailers.Today, a multitude of startups with new technology bring digital wallets that enable users to pay from their phone & some other payment startups brought mobile Point of sale(MPOS) technology for retailers so they can accept card payments quickly and create an engaging & personalized shopping experience for their consumers. Technology isn't the only thing that pushed us for a change; demand also did the same. This is the reason retailers turning to big data and in-store analytics to understand what going on in the store so that they can make better & data-driven decisions for their stores.The inflows of more emerging technologies have helped in ending the problems for the small retailers offering them the type of data that was only accessible for large enterprises and big retailers. The usage of big data and analytics is expected to be a standard retail store practice in predicting the demand for fast-selling products and spot the customers who are more likely to purchase those products. Creating a better customer shopping experience is just as imperative as the personalization of the customer experience. Businesses need to create a buyer persona to approach new customers and repeated customers through artificial intelligence tools. And with the emerging new mobile POS technology, it is easier for retailers to offer their customers several choices to accommodate them with their shopping. This edition brings you some of the most prominent organizations that specialize in the POS landscape and have excelled with their service and will be significant drivers of the aforementioned trends to the mainstream.Let us know your thoughts!Stepping into the Future of Retail Copyright © 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. Feb, 2020, Volume 02 - Issue 02 Published by ValleyMedia, Inc. To subscribe to Retail Tech InsightsVisit www.retailtechinsights.comManaging EditorLinda BurnsEditorial StaffAaron SmithJoshua ThomasLisa DebraDerrick JohnJohn JamesSteven RichardVisualizerMark WilliamsEmail: editor@retailtechinsights.comsales@retailtechinsights.commarketing@retailtechinsights.comLinda BurnsManaging Editoreditor@retailtechinsights.com*Some of the Insights are based on the interviews with respective CIOs and CXOs to our editorial staff
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