Wednesday, December 11, 2013

The science of shopping and the future of retail

The Science of Shopping and Future of Retail: Devora Rogers at TEDxWakeForestU
I found this interesting video while researching materials for the class project. Here are a few major points I like about it:

(If you're on a time constrain at least watch the last 3 minutes of the video.)
  • The shopping experience is a very important differentiating factor for a retail company
  • This great shopping experience that we seek can be done without technology - this notion of knowing the individual customer well, predicting what the customer wants and needs etc.
  • However, we need technology in order to provide this better shopping experience at scale
  • "Listen to your customers and what they are doing, and respond in kind. And that is the future of retail." 
I would love to hear your thoughts on the video.

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