There has been a lot of buzz recently about radio-frequency identification (RFID) technologies and their potential to drastically change the retail industry. For those of you who need a quick refresher, RFID uses electromagnetic fields to automate the tracking of merchandise. These technologies give retailers the ability to track items through every point of the supply chain—from the warehouse right to the store shelves.
IBM is now utilizing Watson’s intelligent data to predict what products will be hot this holiday season, reports Engadget.
There seems to be a sour sentiment in the new EMV era where Americans feel it now takes longer to pay for anything, as outlined in this recent article from PCMag. Canadians went through a similar situation back in 2007 when EMV was introduced but are now enjoying the benefits of contactless credit card payment “tap-and-go” as well as NFC mobile device payments. So it was not only the reduction in credit card fraud that made EMV successful in Canada but also the speed and convenience of making payments.
Retail-Innovation.com recently wrote about Pizza Hut's "Subconscious Menu," which uses Tobii eye tracking technology along with "a mathematical algorithm" to determine which pizza toppings the customer is looking at in order to rapidly predict a pizza for them to order. You can see how it works in the video below.
On Tuesday (July 28), Google announced in a blog post its new search feature, which allows users to search a business and view its busiest times, to presumably pick when you can go there to avoid long lines, service delays and the like.
Just as Uber disrupted the taxi industry and has begun making inroads with the courier industry, two apps are creating similar (and disruptive) shipping options via the trucking industry.
Today, Matt Asay (VP of mobile for Adobe) wrote an interesting article for ReadWriteWeb, stating "retail beacons still have a long way to go."
Last week, we came across a couple of apps in foreign markets that are addressing the friction of customer queuing in stores or in stadiums.
News broke yesterday (May 12) that Verizon is acquiring AOL for a sum of $4.4 billion and AOL CEO Tim Armstrong (pictured above) sent a memo to staff about the deal.
Last week (April 22), Google announced its entry into the wireless carrier business with its "Project Fi" service.
Sprint announced a new program today, called "Direct 2 You," which brings the mobile phone store to your home or office, allowing you to upgrade your device when eligible and activate a new device on the spot.
VentureBeat reported Wednesday (Feb. 18) that Samsung had bought mobile payment company LoopPay for an undisclosed amount.