You are searching about Is There A Better App For.My Music.Other Than Google Music, today we will share with you article about Is There A Better App For.My Music.Other Than Google Music was compiled and edited by our team from many sources on the internet. Hope this article on the topic Is There A Better App For.My Music.Other Than Google Music is useful to you.

Technology in Retail Industry

“Shopping” is the only word that women go ga ga for, it’s slowly losing its luster. Today, the whole experience of shopping is not so enjoyable. Queuing in traffic to actually getting to the store to find a parking spot and not finding the coveted item we wanted to own is quite disappointing. Thus, in today’s competitive market, retailers have realized that with the help of modern technology, they can enhance the customer experience more than ever before.

Technology is driving today’s retail industry tremendously. He transformed the sector into a high-performance one, achieving his goals by serving consumers. Retail stores have tried to reinvent themselves with technology in a variety of ways, especially in the United States and Europe. Retailers have transformed technology into a vital element of commerce.

Technology has enabled greater transparency for retailers. Retailers have integrated technology with manufacturers and consumers through customer and sales data. Now it’s easier to track your inventory from your hub. Technology also helps break down national and international barriers and connect with different customers and their needs.

Tesco PLC chief executive Philip Clarke said there had been a “tectonic shift” in the retail industry, forcing companies to adapt to new age technologies.

“We are living the first decline of the digital age,” he said at the World Retail Congress in London on September 9, 2012. “Digital technology gives us the opportunity to have warmer, more meaningful conversations with our customers, our local communities, colleagues and suppliers with whom we work.”

Retail giants like Wal-Mart have made huge efforts on social media sites like Facebook to make their stores stand out locally. Black Friday sales have debuted on social media.

“Achieving an optimal state of technology utilization is a high bar for almost any business,” said Tim Herbert, vice president of research at CompTIA, an IT industry non-profit organization. “However, the vast majority of retailers clearly want to improve their technology utilization. For some, this involves adopting new technologies, and for others, improving the use of existing ones.”

“Location-based technologies can give retailers tools to encourage in-store shopping, such as providing special discounts to in-store shoppers who check in through the app,” he explained in the press release.

“Reliable wireless connectivity, robust security, quality endpoints, data backup and other IT essentials cannot be overlooked by retailers looking to add new capabilities,” he said.

An estimated two-thirds of the United States’ gross domestic product (GDP) comes from retail consumption. Retail trade is a good indicator of the health of the US economy. According to the US Department of Commerce’s most recent annual report, total retail sales in 2011 were $4.7 trillion, an 8% increase over total retail sales in 2010 (including food service and automotive).

A well-known voice in American business, Howard Schultz, CEO of Starbucks, said: “For all the promise of digital media to bring people together, I still believe that the truest, most enduring power of human connection comes from looking directly at it. into someone. other eyes, without a screen.

But he also added: “Information can’t flow from the company to the consumer; it has to be a level playing field where consumers feel they have choice and share information. Cracking the code involves how to create an opportunity for people to feel pride, discover something they want to share with someone they care about.”

Since 2011, retailers’ attention has shifted to mobile devices, with consumers buying more smartphones and tablets and wanting to connect with retail consumers. It has now become an indispensable tool for most buyers in the United States and European countries. Retailers have started doing everything via mobile phone.

Consumers have mobile apps on their smartphones that offer loyalty points and coupons for “checking in” to a particular retail store. Mobile has become the preferred shopping location or platform for consumers in the U.S. According to Shop.org and Forrester Research, retailers are seeing a 4 percent increase in total e-commerce sales from smartphones and tablets alone.

Mobile payments have become popular among both consumers and merchants. By mobile payment we mean mobile money, mobile money transfer and mobile wallet, generally referring to payment services carried out from or through a mobile device under the scope of financial regulations, according to Wikipedia. It is basically an alternative payment method other than cash, check or credit cards. Consumers can pay for a wide range of services and goods with their mobile phones – music, bus tickets, train tickets, tickets, books, etc. The payment model can be NFC (Near Field Communication), SMS-based, direct mobile billing and mobile web payment. (WAP). Juniper Research predicts that by 2013, mobile payments will exceed $600 billion globally.

Tech giants like Apple have also helped retailers better integrate with newer technology. Apple introduced the EasyPay payment system, an application that turns the iPhone into an iWallet. The app uses credit card information from the user’s iTunes account.

Financial institutions and technology companies are investing millions of dollars in the development of mobile payment services. It is also called a digital or mobile wallet.

All major retailers in the United States, such as Wal-Mart, Target, Best Buy, 7-Eleven, and Sunoco, have moved to develop mobile payment network services. Merchant Customer Exchange (MCX), a joint venture between more than a dozen retailers, will compete with Google Wallet. It will be supported by mobile carriers AT&T, Verizon and T-Mobile.

Consumers now allow for faster and less complicated payments, and merchants believe that building electronic systems that support mobile payment transactions will deepen customer loyalty.

In August, Starbucks announced it would invest $25 million in Square Inc., a start-up company that uses its technology for mobile payments at Starbucks stores in the United States.

“Can you imagine trying to pay by phone at a (restaurant)? They have to think of multiple (payment options),” said Forrester analyst Denee Carrington.

Online companies such as PayPal and Amazon also have mobile payment options.

According to a recent study by Javelin Strategy & Research, mobile payments crossed the $20 million mark in 2012 and are expected to grow to $1 trillion by 2017.

“Mobile will define the movement to unify all retail channels. It will be a tipping point in the pursuit of true omni-channel business – and likely to predict the winners of tomorrow,” NRF Stores said.

In summary, the transformation of the retail industry from a single store to chain stores with a worldwide customer base is primarily due to globalization and advanced information technology. And technology has helped them stay in control and connect to different outlets. Technology has helped customers learn about prices and get the products and services they want in an easier and better way.

Video about Is There A Better App For.My Music.Other Than Google Music

You can see more content about Is There A Better App For.My Music.Other Than Google Music on our youtube channel: Click Here

Question about Is There A Better App For.My Music.Other Than Google Music

If you have any questions about Is There A Better App For.My Music.Other Than Google Music, please let us know, all your questions or suggestions will help us improve in the following articles!

The article Is There A Better App For.My Music.Other Than Google Music was compiled by me and my team from many sources. If you find the article Is There A Better App For.My Music.Other Than Google Music helpful to you, please support the team Like or Share!

Rate Articles Is There A Better App For.My Music.Other Than Google Music

Rate: 4-5 stars
Ratings: 4299
Views: 39635355

Search keywords Is There A Better App For.My Music.Other Than Google Music

Is There A Better App For.My Music.Other Than Google Music
way Is There A Better App For.My Music.Other Than Google Music
tutorial Is There A Better App For.My Music.Other Than Google Music
Is There A Better App For.My Music.Other Than Google Music free
#Technology #Retail #Industry

Source: https://ezinearticles.com/?Technology-in-Retail-Industry&id=7909265

Có thể bạn quan tâm: