WHY IT MATTERS: Digital Transformation
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WHY IT MATTERS: Digital Transformation
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Curated by Farid Mheir
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How tech will revolutionize #retail via @McKinsey is a realistic viewpoint on the "late follower" mentality of most retailers with a constant focus of the bottom line #realityCheck

How tech will revolutionize #retail via @McKinsey is a realistic viewpoint on the "late follower" mentality of most retailers with a constant focus of the bottom line #realityCheck | WHY IT MATTERS: Digital Transformation | Scoop.it

The retailer of the future will harness the power of data, quantum computing, artificial intelligence, and augmented reality, says serial entrepreneur and technology expert John Straw.

Farid Mheir's insight:

WHY IT MATTERS: warning! this article is not about your typical "robots will rule retail" or "everything has to be AI driven unless you die". Well, in some parts it is.

The reality check that retailers - and their technology vendors - must make is: retail is difficult, focused on the bottom line, with no appetite for innovation with short term results. Retail innovators must find a way to experiment while staying focussed on the bottom line.

Best quote: "‘I think the majority of the problems come from the unwillingness, perhaps the fear, of investing in something that
doesn’t automatically bring a load of cash onto your balance sheet."

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RETAILING 2020–2030 reaffirms that #retailRevolution is based on new business models and technologies #AI #Personalization #DTC #popupStores - note: this is #pre-covid - via @Forbes @IBM @Schmetail

RETAILING 2020–2030 reaffirms that #retailRevolution is based on new business models and technologies #AI #Personalization #DTC #popupStores - note: this is #pre-covid - via @Forbes @IBM @Schmetail | WHY IT MATTERS: Digital Transformation | Scoop.it

Here are my top six trends:

1-Niche Rich: Continued Customer Segmentation Refinement

2-Digital Meets Physical: Balancing Convenience and Connection

3-Sustainability: Casting a Very Long Shadow

4-New Formats: The Next Marketplaces, More DTC Brands

5-The Linchpin: Data and Technology

6-Mall Fall: Department Store Degradation and Mall Seizure

Farid Mheir's insight:

WHY IT MATTERS: an article that summarizes many of the important trends of the retail transformation. Important note: this is pre-covid....

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Are #robots that follow pickers in warehouse is the future of work for the #retail industry? Productivity + Accuracy are selling points - may also help fight the labour shortage for menial tasks

Are #robots that follow pickers in warehouse is the future of work for the #retail industry? Productivity + Accuracy are selling points - may also help fight the labour shortage for menial tasks | WHY IT MATTERS: Digital Transformation | Scoop.it

Workers can pick 2x-3x faster with near-100% accuracy and less labor, delivering higher productivity and a better workplace.

Farid Mheir's insight:

WHY IT MATTERS:  robots are leaving the factory floor to enter the workplace. First stop, warehouses. This new generation of autonomous robots can carry orders from one place to another, navigating against the human and robot traffic.

See this video that I shot at NRF2020: youtube.com

See this article I wrote about this (french): e-marketing.fr

See this article on these robots: ailatech.com

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Retail 2030 from @CBRE suggests 42 trends that may shape the #futureOfRetail- as expected #AI #technology #robots play a big part but so do changes in consumer habits and environment conciousness H...

Retail 2030 from @CBRE suggests 42 trends that may shape the #futureOfRetail- as expected #AI #technology #robots play a big part but so do changes in consumer habits and environment conciousness H... | WHY IT MATTERS: Digital Transformation | Scoop.it

The retail industry is rewriting the laws of physics. Change is coming at an ever faster rate each year and 2030 will be upon us before we know it. Explore the world in 2030 and the future of retail 2030.  

Farid Mheir's insight:

WHY IT MATTERS: the report is not available for free but the 42 slide summary is a great overview of key trends that are presented with observations and outcome.

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Video of the inside of Ocado's robotic warehouse where thousands of robots pack groceries #retail #robots

Ocado's new warehouse has thousands of robots zooming around a grid system to pack groceries. The thousands of robots can process 65,000 orders every week. They communicate on a 4G network to avoid bumping into each other. Is this the future of retail?

Farid Mheir's insight:

WHY IT MATTERS: this videos shows the inside of the new Ocado warehouse in UK. This warehouse is making its way top Canada, with Sobeys opening one soon: http://fmcs.digital/blog/u-k-s-ocado-taps-into-canadas-online-grocery-market-with-sobeys-tie-up-is-canada-mature-enough-to-have-automated-grocery-fulfillment-centers-ecommerce-robots/ 

Kodilla's curator insight, October 31, 2018 10:47 AM
This is the future of the retail industry, robots are so much more efficient and they don't need a paycheck
 
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