Smart Retail – Perfect recipe of AI, IoT and Robotics!!
The retail industry caters to the need of consumers across the board and continues to be largest and most attractive industry segment globally comprising FMCG, Apparel, Fashion, Electronics, Quick Service Restaurants, Entertainment, etc. As per Statista[1], retail sales worldwide touched USD 25 trillion in 2018 and projected to grow to USD 27.7 trillion by 2020. The retail industry is going through a transformative phase enabled by mobile technology, omnichannel strategy, advancements in modern retail outlets, the emergence of new retail business models, online commerce, doorstep services, customer analytics, a convergence…