The retailers are not surviving to the old retail models, new techniques are evolving and augmented reality, AI, retail automation helping to push retail market beyond limits. The B&M (brick and mortar) business is backbone will stay experimenting in different ways. The future is ‘intelligence’ for retailers who adapt to the needs of their customers. The merchants who will find innovation 2018 and beyond are the ones that can successfully go forward along with consumers.
Amazon Echo is a hands-free speaker you control with your voice. Echo connects to the Alexa Voice Service to play music, make calls, send and receive messages, provide information, news, sports scores, weather, and more—instantly. All you have to do is ask.
Whether it’s a product or service technology company both have the strategy about how to achieve the economies of scale for their respective offerings. Product companies, evaluate on the basis of operational efficiency, market need, logistic costs, shelf life etc. However, evaluation criteria vary drastically for service-based revenue models.