Smart Retailing Technologies to counter current Retail Challenges - An Assessment of Impacts

Author(s)
Patrick Hafner, Alexander Voelz, Christine Strauss
Abstract

Smart Retailing (SR) is discussed in the current literature as a possible answer of brick-and-mortar stores to the challenges created by the rise of e-commerce. This study aims to assess the current state of research in SR and evaluate its potential to confront the challenges that have arisen in the industry. First, based on a literature review of key journals in the field, a classification of relevant SR technologies was conducted. As a result, the three categories: (i) service-oriented, (ii) business process-oriented, and (iii) hybrid SR technologies, were created and discussed in detail. Second, fundamental benefits and challenges associated with the implementation of SR at the point-of-sale (PoS) are derived and discussed. Third, a comparison of specific areas of impact for implementing the individual technologies was carried out. Overall, this work has taken further steps to provide more insights into the potential of SR in future retail scenarios, regarding the challenges faced by brick-and-mortar retail.

Organisation(s)
Research Group Knowledge Engineering, Department of Marketing and International Business
External organisation(s)
Universität Wien
Pages
586-595
No. of pages
10
Publication date
2021
Peer reviewed
Yes
Austrian Fields of Science 2012
102029 Practical computer science, 502050 Business informatics, 502019 Marketing, 502052 Business administration
Keywords
ASJC Scopus subject areas
Human-Computer Interaction, Computer Networks and Communications, Computer Vision and Pattern Recognition, Software
Portal url
https://ucris.univie.ac.at/portal/en/publications/smart-retailing-technologies-to-counter-current-retail-challenges--an-assessment-of-impacts(6990957b-fb93-4c04-820e-e30cfd65d5d3).html