Innovations are at the best to build the core of technology as many people started to encourage and accept these changes. Innovations become inevitable in a day to day basis in one’s life. There are many inspiring technologies which are trending in the market. These inspiring technologies have created an open space for retailers to expand their business and product offerings. Some of the inspiring technologies are as follows;
Artificial Intelligence: AI is nothing but developing computer-based technology which acts like a human brain. Though this seems to be an advanced technology, this is only at an initial phase and more phases are yet to be developed with a wide number of opportunities in almost every field. It helps the retailers to optimize the overall profits.
Augmented reality: Augmented reality is also gaining importance among the people as well as among the retailers as it brings down the virtual image as a real image. For example, Instead of wearing each frame in our face, this virtual reality helps to find out which frame will suit us better. Thus this AR helps to enhance the view of the customers with increased satisfaction.
Voice controlled system: People are fascinated with the voice-controlled system as it helps to recognize the voice of the customers and collects the required information they asked for. Instead of typing and searching the desired content, voice recognition in various platforms helps the customers to use it more often than any other application. Much newer technology is also incorporated with the present one with intense opportunities in the field of Voice recognition.
Personalization: The Personalization approach by these retailers helps the customers to avoid confusion in choosing the right products. Many online platforms try to gather information about the customers regarding their preferences, their likes and dislike in choosing the product and try to display the product based on the customers’ requirements. Louis Vuitton for less is one among them which try to personalize their customer accounts in order to facilitate them with enhanced performance.