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Shop 'Til You Drop Your Phone: 50% of Retail Will Be Automated by 2020

December 15, 2015

Retail experts at Fujitsu Americas today offered projections for the future of retail and the implications for enterprise technology. These projections include:

  • New technologies will significantly expand the role of sales associate;
  • The end of window shopping;
  • An increased demand for integrated, multi-channel and platform technologies
  • Greater dependence on advanced analytics and big data.

Enterprise technology will be the primary catalyst to changes in the shopping experience, with big data playing an integral role behind the scenes. These advancements will catapult mobile platforms, smart sensors and social media to allow new ways of shopping by 2020. Consumers will be able to use location-based services within stores to support their shopping experience, with customized offers coming to shoppers in real-time. This will require business insights and analytics that enable retailers to easily interact with customers throughout the shopping process.

"Retail technology is changing significantly to respond to a more empowered, technologically-savvy shopper, and retailers without a multi-connected, multi-channel strategy will fall behind if they make the cut at all," states Marc Janssens, executive vice president of Retail at Fujitsu America, Inc. "Today's shopper expects a seamless experience whether in-store, online or using an app, and Fujitsu is dedicated to integrating these platforms to create a synchronized experience for both the retailer and the consumer."

Technology to Expand the Role of Sales Associate
A host of new technologies will make it easier than ever before to become a savvy shopper. Using their mobile phones and computers to research prices and cherry-pick promotions, shoppers will stick to shopping lists rather than splurging on unneeded items.

Shoppers will constantly be online, utilizing social media to aid in their buying experience, in both digital and physical environments, with smart devices as the main tool for shopper engagement. These devices will offer order management, social interaction and smart services management to perfect communication between the retailer and the consumer. With this advancement, employees' routine tasks will be automated, and the role of sales associate will be transformed, enabling a greater focus on relationship building with customers and driving incremental sales opportunities. Store employees will expand into broader roles and will be expected to deliver across more capabilities than ever before. Retailers today must be able to develop and engage with their employees in order to retain them in the long run.

The Death of Window Shopping
According to sales estimates from Shoppertrak, Black Friday brick and mortar sales dropped from $11.6 billion in 2014 to $10.4 billion in 2015, while Thanksgiving sales were down from slightly over $2 billion in 2014 to $1.8 billion in 20151, most likely attributing the shift to a rise in popularity of online shopping. Thus, by 2020, shopping will be on demand. Today's store-based and Internet retailers will mix and match in order to personalize order management, fulfillment and physical location to meet the needs of the connected shopper. Brick-and-mortar stores will still be the dominant channel but its mission will shift toward improved customer experience – with convenience, order fulfillment, showrooms and personalized services at the forefront.

Retailers will use consumption, usage and purchase intelligence via smart monitoring ranging from refrigerators and wardrobes to social groups in an effort to understand shopper needs and drive key decision-making. Point-of-sale and gaze-tracking data will aid retailers in identifying what products their customers are most considering and develop strategies for creating the perfect product cycle, where production, inventory and price are all informed by real consumer insights.

Empowering the Future Shopper and Retailer
Today, 75% of store shoppers use their mobile devices while shopping, according to a new report from InReality, a retail marketing and strategy firm2. With this number constantly growing at rapid speeds, new selling platforms will emerge through the integration of point-of-sale services, eCommerce, electronic/biometric payments and customer relationship management systems for a seamless cross-channel shopping experience. The demand for multi-channel and platform technologies means an even bigger demand for advanced analytics and big data in 2020.

Operations improvement will include store and order fulfilment, merchandising, space usage, shelf inventory and data that will provide customer traffic flows, delivered via camera and sensor-based analytics. This will be taken a step further through predictive merchandising and inventory management, made possible through advanced monitoring of the weather, fashion trends and consumption and usage patterns of consumers. Structured and unstructured, predictive and artificial data and learning will be essential in order to monitor, map and identify shopper needs and enable targeted offers and information direct to opt-in shoppers' smart devices. Actionable insight will be delivered in real time, in process-based format, direct to consumers, associates and managers – empowering the future shopper and retailer.

Footnotes
1. ShopperTrakOpen a new window
2. InRealityOpen a new window

About Fujitsu

Fujitsu is the leading Japanese information and communication technology (ICT) company, offering a full range of technology products, solutions, and services. Approximately 159,000 Fujitsu people support customers in more than 100 countries. We use our experience and the power of ICT to shape the future of society with our customers. Fujitsu Limited (TSE: 6702) reported consolidated revenues of 4.8 trillion yen (US$40 billion) for the fiscal year ended March 31, 2015. For more information, please see http://www.fujitsu.com.

About Fujitsu Americas

Fujitsu America, Inc. is the parent and/or management company of a group of Fujitsu-owned companies operating in North, Central and South America dedicated to delivering the full range of Fujitsu products, solutions and services in ICT to our customers in the Western Hemisphere. These companies are collectively referred to as Fujitsu Americas. Fujitsu enables clients to meet their business objectives through integrated offerings and solutions, including consulting, systems integration, managed services, outsourcing and cloud services for infrastructure, platforms and applications; data center and field services; and server, storage, software and mobile/tablet technologies. For more information, please visit: http://solutions.us.fujitsu.com/ and http://twitter.com/fujitsuamerica 

About Fujitsu Caribbean

Fujitsu Caribbean is a wholly owned subsidiary of the US$47-billion Fujitsu Group and a part of Fujitsu North America. We integrate the core expertise of our global organization, skilled resources and business partners to deliver Business and Application Services and Cloud Solutions that continuously evolve to respond to our customer’s complex business and technology issues. Focused on the Financial Services, Telecommunications and Government sectors we simplify IT for our customers and build more value into their IT investments. Fujitsu is the world’s third largest IT Services Company and has been operating in the Caribbean for over 60 years. We are managed by a regional executive team, with offices in Jamaica, Barbados, Trinidad and Mexico; including business agents in the Bahamas, St. Vincent, Haiti, Anguilla, Antigua, Dominican Republic and Grenada, to serve the entire region. Fujitsu Caribbean has delivered and currently supports mission critical ICT solutions and networks across the English-speaking islands of the Caribbean and is rapidly expanding into Central America. For more information on Fujitsu Caribbean, visit www.fujitsu.com/caribbean/

Press Contact - FAI

Bryan Hollar

Phone: Phone: 408-746-6412
E-mail: E-mail: bryan.hollar@us.fujitsu.com
Company:Fujitsu America, Inc.

Finn Partners

Andrew Corcione

Phone: Phone: 415-249-6775
E-mail: E-mail: andrew.corcione@finnpartners.com

Press Contact

Sandra Jones, 
Vice President, Marketing & Communications


Phone: Phone: +1-876-926-7567
Fax: +1-876-935-6333
E-mail: E-mail: sandra.jones@fujitsu.com
Company:Fujitsu Caribbean, Central America and Mexico


Fujitsu, the Fujitsu logo and "shaping tomorrow with you" are trademarks or registered trademarks of Fujitsu Limited in the United States and other countries. All other trademarks referenced herein are the property of their respective owners.

Information provided in this press release is accurate at time of publication and is subject to change without advance notice.

Date: 15 December, 2015