Industry Trends
Industry Trends
Consumers are the driving force of retail. The foundation of smart retail is the progress of science and technology. The development direction of retail is guided by their interaction – what new products emerge and how they align with consumer demand.
- Technical progress for improved experience and efficient operation
Technologies are applied in various retail scenarios not only to enhance consumer experience, but diversify data collection, supporting data-based operations management. Technology and retail are combined, creating new business modes, such as unattended stores. Technology also plays an important role in the logistics infrastructure construction.
- Digital, omni-channel, and with flexible supply chains
New retail is digital, omni-channel, and has flexible supply chains. Digitalization is the core feature and is also the foundation of omni-channel retailing and supply chains flexibility.
Solution Advantages
Typical Scenarios
Smart Store
Applies IoT, AI, and big data in retail stores to improve customer experience and sales performance.
Related Services
Solution Architectures
Description
Provides retailers with comprehensive cloud service support, such as IaaS, PaaS, AI, and big data. Integrates with ISV service platforms to help retailers build omni-channel, smart business forms.
Highlights
Business Challenges
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Changing Shopping Preferences
With the booming e-commerce, an increasingly small share of customer purchases are at brick-and-mortar stores. Traditional retailers must adopt a new shopping model if they hope to thrive amid fierce competition.
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Changing Business Models
Traditional retailers focus on goods and store operations. But, the shift in retail business models changes the relationships between retailers and customers, requiring retailers to adapt accordingly.
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Inconsistent Customer Experience
Isolated IT infrastructures and operation teams fail to integrate online and offline customers, members, commodities, inventories, and orders. Online and offline customer experience is inconsistent.
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Absent Data Driving
Lacking a unified customer view, traditional retailers cannot identify potential customers and increase cross-selling. Retailers cannot view and analyze real-time operations data.