How AR (augmented reality) is impacting the retail sector and it will explode in this sector in the next several years.Many IoT projects are one-offs or proof-of-concepts. Most companies want to buy technology in the form of an application that can help them do their business better. Industry consolidation of operations, process manufacturing, and IoT. Blockchain and innovation in the supply-chain space.1 AR Adoption in Retail
Peggy Smedley talks about how AR (augmented reality) is impacting the retail sector. She explains AR will be adopted where it will provide the most value and it will explode in this sector in the next several years. She adds that Wal-Mart is leading the way in adopting AR technologies. She says now the company is taking its VR (virtual reality) initiatives further, leveraging headsets that make learning experimental. She says one of the keys to success for retail going forward will be finding ways to integrate the online and store experience.
Peggy and Alan Griffiths, principal analyst, Cambashi, says many IoT projects are one-offs or proof-of-concepts. Most of the companies want to buy technology in the form of an application that can help them do their business better. He adds companies that typically own the operational side and process manufacturing, and IoT, used to be apart, but now some companies have a deep understanding of both. He also talks about consolidation and how it impact the industry. While the big mergers tend to hit the headlines, there are many that don’t hit the headlines that are impacting edge computing or analytics.
Peggy welcomes back Robin Raskin, founder and president, Living In Digital Times, who says right now there are some big players in the supply-chain space, but we are going to see a lot of innovation happening in this area. She says we lose so many hours a year looking for records—there is fraud and noncompliance and counterfeit, which is costing the supply chain money every year. She adds that it is not going to be easy to get there. She suggests picking one thing and doing it first. She adds that having a record of every transaction in the blockchain is the answer for certain things.