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In the online realm, Amazon’s experiment with its Echo wireless speaker technology – also known as Alexa – has the potential to turn the cumbersome online checkout process on its head. Furthermore, labor can now be more efficiently allocated to other value-added activities throughout the store. The result?
For all its troubles, Whole Foods still delivers higher returns on assets and sales than Amazon does.). Can the stores be transformed into cashierless, wireless purchasing markets ? Can Whole Foods’s own supply chain be made more efficient with Amazon’s logistics chops? Can Alexa sell Whole Foods’s inventory?
Artificial intelligence (AI) is already in use throughout the web and increasingly within the enterprise, handling everything from initial call screening for sales prospects to scheduling. Workers will always look for tools, processes, and approaches to improve efficiency and productivity. Artificial intelligence. Augmentation.
Beacons are battery-powered wireless sensors installed in retail stores or event venues that detect nearby consumers who have opted in to alerts through Bluetooth or other technologies and that relay information to consumers’ mobile devices. This can help increase short-term sales as well as build long-term brand loyalty.
86% agree it makes life more affordable, 83% agree it makes life more convenient and efficient, 76% agree it's better for the environment, 78% agree it builds a stronger community, 63% agree it is more fun than engaging with traditional companies, 89% agree it is based on trust between providers and users.
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