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3 technology trends set to revolutionize retail

CIO

Few verticals have undergone as massive a change as retail in the last couple of years. Driven by cutthroat competition and significant shifts in customer expectations, retail companies are striving to align themselves with the changing landscape, with IT playing a crucial role in their ability to achieve this.

Retail 189
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LG announces the first 50 participants in its LG Nova program

TechCrunch

Bigthinx – AI technology focused on fashion retail, wellness and the metaverse with products for body scanning, digital avatars and virtual fashion. ByondXR – Provides retail 3D virtual experiences that are fast, scalable and in line with the latest metaverse technologies. The Metaverse.

3D 221
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10 Key Trends of Digital Transformation in Healthcare in 2022

OTS Solutions

At the heart of this shift are AI (Artificial Intelligence), ML (Machine Learning), IoT, and other cloud-based technologies. There has been a tremendous impact on the advancement and accessibility of healthcare technology through Internet of Things (IoT) devices, wearable gadgets, and real-time medical data monitoring.

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Top Five Futuristic Technologies That Will Transform The World

OTS Solutions

For example, big-box retailers now capitalize on automation to ship and sort products while credit card companies detect fraud through automation. Innovators are increasingly looking for ways companies can build a system that allows them to contribute to their machine-learning models and train automation. Driverless Vehicles.

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Digital twins are primed to revolutionize the infrastructure industry

CIO

Elaborating on some points from my previous post on building innovation ecosystems, here’s a look at how digital twins , which serve as a bridge between the physical and digital domains, rely on historical and real-time data, as well as machine learning models, to provide a virtual representation of physical objects, processes, and systems.

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Singapore-based retail analytics company Trax raises $640M Series E led by SoftBank Vision Fund 2 and BlackRock

TechCrunch

COVID-19 forced many retailers and brands to adopt new technologies. Retail analytics unicorn Trax expects that this openness to tech innovation will continue even after the pandemic. Retail Watch currently focuses on center shelves, where packaged goods are usually stocked, but will expand into categories like fresh food and produce.

Retail 186
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Making Sense of IoT Platforms: AWS vs Azure vs Google vs IBM vs Cisco

Altexsoft

For the most part, they belong to the Internet of Things (IoT), or gadgets capable of communicating and sharing data without human interaction. The number of active IoT connections is expected to double by 2025, jumping from the current 9.9 The number of active IoT connections is expected to double by 2025, jumping from the current 9.9

IoT 141