Enhancement With Retail Technology
Retail Tech Insights | Thursday, July 21, 2022
Investing in more technologies to enhance the customer experience is crucial. The digitization of the shopping feel is no more a challenge to retailers but rather a compliment to their overall retail strategy.
FREMONT, CA: Until the pandemic, online shopping increased, but quarantined shoppers turned to it even more, leading to year-over-year spending growth in 2020. Market buying preferences are expected to change, with 44% of shoppers saying COVID-19 will lead to long-term improvements in their habits and 47% saying they will keep buying more items online.
The desire to give customers more engaging ways to shop and make purchases has driven the digital conversion of retail, which is not exactly a new phenomenon. The days of openly entering a shop to put on a sweater or test a tube of lipstick are (for the time being) finished, and retailers now require a strong omnichannel strategy to engage and retain their customer base. As a result, it is important to invest in more technologies to enhance the customer feel. The digitization of the shopping feel is no more a challenge to retailers but rather a compliment to their overall retail strategy.
Stay ahead of the industry with exclusive feature stories on the top companies, expert insights and the latest news delivered straight to your inbox. Subscribe today.
Technology Shaping the Way People Shop
Although online shopping promotes independence, consumers often require assistance, particularly when purchasing complex, high-ticket products, for example, jewelry, furniture, and electronics. Online chatbots, for instance, have been around for a while and can be useful in some situations. But on the other hand, customer support must evolve to improve the end-user experience.
Many companies see the value of utilizing technology like live streaming and augmented reality to better communicate with their clients, particularly when making a large purchase. For example, shoppers may communicate with a qualified associate using live video from their desktop or mobile device in the console of their own homes to discuss product advantages and receive a demo. Though the customer may be unable to try out the ring or sit on the couch, associates speaking with them through video technology may have a similar experience.
In the present world, utilizing live video can also provide the type of personalization customers want. Regardless of the channel, today's shopper seeks products that appeal to their specific preferences. As per a recent report, 91% of customers prefer to shop from brands that provide customized recommendations and 80%prefer to purchase from retailers that offer a personalized experience.
Retailers may have a one-on-one experience for customers by assigning a dedicated associate to act as their shopper, showcasing items and assisting them in shopping using a live video chat platform. Retailers can also employ these technology tools to collect data from a shopper's past searches and transactions, making them more personalized recommendations.
More in News


