What new technologies are used in new retail?

Simple and repetitive workflow is completed by artificial intelligence, which reduces the repetitive labor input in the retail operation process. It not only improves the efficiency, but also reduces the cost.

2. Big data

A major feature of new retail is the collection, collation and analysis of various data of consumers, thus forming big data. According to these data information, the customer groups are subdivided and corresponding marketing strategies are formulated for different groups.

3. Electronic price tag

Electronic price tag can effectively manage the information of goods on shelves, realize accurate and flexible price changes, and promote the communication between online platforms and offline stores, which is very in line with the needs of new retail.