What is Retail Technology Going to Look Like in 10 years?
The future of retail is already here. Younger generations are accustomed to highly customized online shopping experiences and have grown to expect the same from traditional brick-and-mortar storefronts.
Point of Sale (POS) Systems are technological tools used by retail vendors. Systems typically include digitized cash registers, receipt printers, customer displays, and credit card readers. POS systems can be customized depending on the different industries and businesses it serves.
Modern advancements include features to POS Systems like sales analysis and sale history
- This is seen as a huge growth opportunity for POS Systems. Analytics make POS more valuable, and all the more mission-critical to retail businesses who must seek competitive edges to survive in an industry increasingly dominated by online retailers.
Retail trends demand internet integration with POS Systems
- COVID-19 is accelerating a revolution in the way we shop. Sophisticated POS Systems have the potential to streamline the transition from in-person to online shopping. Leveraging POS analytics and software, businesses such as grocery stores, convenience stores, and pharmacies can transform their in-person shopping experience to a highly curated online shopping experience.