Beacon technology is creating a more interactive, streamlined retail experience
Implications - Beacon technology, a responsive innovation creeping its way into the mainstream, is changing the possibilities and capabilities of retail. Able to automate and even customize the shopping experience, this shift will appeal to the tech-savvy consumer looking to streamline everyday tasks. By creating a more straightforward and intuitive shopping experience, brands that adopt this technology will likely lead in terms of attracting consumers who strongly value efficiency over personal connection in their busy lives.
Trend Themes
1. Beacon Technology - The adoption of beacon technology is changing the possibilities and capabilities of retail, revolutionizing the way people get around crowded places and improving customer engagement and personalization opportunities.
2. Indoor Positioning Broadcasting Devices - Indoor positioning broadcasting devices are becoming popular tools that offer a new level of location tracking to any mobile app through smart Bluetooth devices.
3. Smartphone Integration - Enhanced smartphone integration with physical locations is being sought by retailers and companies to improve sales and engagement with customers.
Industry Implications
1. Retail Industry - Retailers are adopting beacon technology to automate and customize the shopping experience of consumers with enhanced mobile engagement.
2. Transportation Industry - Beacon-based technology is being implemented in airports to improve customer experience and move passengers through each checkpoint.
3. Automotive Industry - Automotive dealers are using beacon technology to revamp their retail sales strategy and create enhanced personalization opportunities for their customers.
