Xerox Research Labs Working on the Future in Retail
Imagine in the future when you’ll be greeted by a digital wall when you step into a store. Displaying a custom view of products that are personalized to your past purchases and recommended by people who share your interests. Touch any product on the screen, and get more information about it, including a demo video and customer reviews. Or you can request assistance from a store associate.
Add products to your virtual shopping cart, and a fulfillment process places the actual products in a bag waiting for you by the exit.
This scenario may not be possible yet as of today, but at Xerox, we are working on new technologies that will enable these kinds of experiences in the future.
The Xerox vision is personalized, real world, real time optimization will be present — a natively digital experience that digital natives have come to expect through their interactions with companies such as Amazon, Netflix, and Uber. These new types of brick-and-mortar stores will be “phygital” — all the features of an e-commerce website combined with the service and availability of a physical store.
Take a look below at some of the work in Xerox’s labs that will enable retail’s phygital future.
1. Video Analytics
Cameras, image processing and automated analytics will help retailers understand customers’ in-store browsing behavior. These insights will help retailers optimize their layout and merchandising, and it will help them understand the right time to send associates to help their customers.
2. Retail Robot
A robot that scans store shelves, automates signage checks, out of stocks, and merchandising compliance at a lower cost and with fewer errors.
3. Human-Computer Teams
Systems that combine the respective strengths of people and computers. Xerox is designing how the interaction between people and computers can make each better and more productive.
4. Virtual Assistants
Automated intelligent virtual assistants that can have conversations with people. Over time, the virtual assistant builds a shared context and understanding with the consumer. This will result in better service.
More than just understanding people by their behaviors and actions, Xerox is designing systems that understand your customers as individuals, including their personalities, so that you can tailor your communications styles.
6. Privacy-Preserving Analytics
Performing predictive analytics on encrypted data can deliver all the value of context-aware, personalized services without actually seeing your customer’s personal data information. Only with these types of advanced security technologies will users allow service providers to access and mine their data. This research is particularly valuable in a world where we use a variety of sensors to understand consumer behavior, ranging from cameras to wearables.
A Digital Native’s World
The future of retail is no doubt natively digital. It is about the integration of the physical and digital worlds to deliver personalized, real world, real time optimization.
So is it inevitable that machines will be replacing people in the future? No, in fact Xerox believe that even as computers get more capable to perform even complex tasks, the future will be about people and computers collaborating together as a team.
It is exciting to see glimpses of this future in the works. The future will surely be interesting.
by Lawrence Lee – Xerox Blogs
Edited by AOSI