The Future of Retail Technology
In retail, the most important thing is to give customers a reason to come back. In today’s world of modern technology, new ideas and software will have a significant impact on the in-store experience. Still, while creating new technologies, researchers should never forget that the most important thing is a product or service that we are selling to our customers. Technology is only a tool, and a happy customer is the primary goal.
If you wonder about retail technology, just think about online shopping and marketing. If you think about buying specific shoes, they will follow you online wherever you go, while you’re watching a YouTube video or reading your favorite online magazine. One step forward would be creating a list of similar products that are being recommended to you based on your previous search. Based on what you buy, retail companies can make a recommendation based on your personal style and preferences.
Imagine having this experience in a store! Although, it seems like a science fiction movie, imagine walking through a store and being able to quickly find products you like. How would that work? Researchers plan to use cameras and sensors to identify every customer, which would lead to creating their preferred products and personal preferences.
The Advantages of Home Business Technologies
Our access to internet and technological growth has a significant impact on the way we do business in the 21st century. According to the International Telecommunications Union, the number of people using internet went from 400 million in 2000 to more than 3.2 billion in 2015.
The simple idea of a physical workplace has changed dramatically since many people tend to conduct business from the comfort of their own home. Things are easier now! You can create something as simple as a virtual office, have your virtual assistant and do your marketing online. In the 21st century, it’s easier to find a balance between personal life and professional responsibilities. This is a simple example of how technology can be put to the right use.
As you probably heard before, soon enough machines will able to do many jobs better and quicker than humans. Contrary to what we might think, this is a good thing since there will be fewer people working dangerous jobs such as mining. We are moving forward with these useful technological changes. Soo enough, we will become digital nomads moving from one place to another, not bound to one physical place where we work and live. Thanks to home-based technologies, with a lot of hard work we can learn new skills online, create an e-commerce business online, do our marketing online and get paid online. Life is more simple, and we can decide not to be bound to one place.
Technology and Political Innovations
The capital of technology has been Silicon Valley in the past years. While governments are saving their money on technological development and scientific research, investors around the world are giving their support to innovations across the globe.
Steve Case announced that the Rise of the Rest had raised $150 million with commitments from executives such as Jeff Bezos and Eric Schmidt.
However, it’s not all lost for politicians. Governor from Rhode Island, Gina Raimondo who has strong pro-innovation policies is a rising star within the Democratic party. Raimond said that universities in Rhode Island such as Brown and Rhode Island School of Design fit into Steve Cases’ plans of creating opportunities for smart investors and entrepreneurs outside Silicon Valley.
We should not be surprised if Rhode Island becomes the first state in the USA to include an ID scheme for its citizens, which is a digital system that operates taxes and healthcare among other essential affairs. Estonia is the first country to add an I.D. scheme to make a public and governmental system more manageable and more approachable.