For a year now, the retail sector has evolved a lot to adapt to the new market constraints: increase of online purchases, security in stores, sanitary protocols to implement. Retailers have had to quickly find solutions to remain competitive and one of the factors that have allowed them to differentiate themselves is the speed with which they have changed their strategies thanks to new technologies such as automation.
The benefits of these technologies are involved at many levels in the retail sector and this is why almost 50% of retailers believe that automation is an asset in their strategy (JDN study).
The market related to retail automation, globally, is expected to reach $21 billion by 2026 (Allied Market Research). This growth is facilitated by several variables such as a store’s accessibility to AI, Machine Learning, robotics and prescriptive analytics.
The use of intelligent automation can help stores take care of daily operations. Here are some examples:
- Automate inventory level tracking and order management
- Automate sales promotions that require data collection and analysis
- Automate invoicing, price changes, accounts payable, receivables, etc.
- Provide real-time reports based on customer preferences and user behavior for a particular product or product features
Discover examples of tasks with high automation potential in Retail by downloading these RPA Use Cases applied to this sector.
Tech for retail is the European exhibition of technological and digital innovations dedicated to physical and online retail.
This year there will be +95 conferences, +200 exhibitors dedicated to the world of retail, +50 startups and +6000 visitors who will meet on November 28 and 29 at Porte de Versailles in Paris.
The objective of these two days is to offer a large panorama of digital tools and technological innovations dedicated to the retail industry.
Here is the panel of solutions presented this year:
- Omnichannel to provide more seamless customer experiences,
- Technological, tailored to the needs of customers,
- Logistics to improve the supply chain and thus achieve greater profitability,
- Marketing to increase customer loyalty,
- Data for more efficient data management
- Business Intelligence & HR to flexibly manage employee tasks
- New payments to address the increase in payment fraud
Similar to last year, Tech for Retail 2022 is also a program of conferences gathering big names of the sector: L’Oréal, Cdiscount, Meta, Netflix or Carrefour. Among the many topics discussed during these conferences we find topics around the consumer experience, retail facing inflation and all data strategies to adopt to gain efficiency.
Tech for Retail is the trade show that creates an ecosystem favorable to the development of tech tools to best support the retail sector which is reinventing itself every day. Our team will be present, along with our partner SS&C Blue Prism, to meet with all the players in the retail sector who are looking for operational efficiency and effective customer relations.
With our expertise in automation and customer relations, we will show you how the use of intelligent automation can help you take charge of your daily operations. We will be able to offer you the most appropriate solutions for your business needs.
The benefits of automation are multiple and have an impact on several levels of the retail sector: this is why almost 50% of retailers consider automation to be an asset in their strategy (JDN study).
Discover examples of tasks with high automation potential in the retail sector by downloading RPA Use Cases applied to this sector.