At the National Retail Federation 2018 Retail's Big Show, Focal Systems highlighted its smart grocery cart solution, which helps brick-and-mortar stores better compete with the many next-gen concept stores that are now launching with cutting-edge technologies. As many established retailers lack the infrastructure to support major technology changes, one of the most significant points about Focal System's technology is that it does not require any in-store changes, or need consumers to use their own smartphones, or download an app.
Focal Systems' tablet can easily be attached to a grocery cart to assist with navigation, finding promotional offers and even completing transactions without the help of a store staff member.
The smart shopping system is powered by artificial intelligence and has been shown to increase a shopper's average basket size by 10%.
What's Driving This Trend
- Smart Shopping Carts
- The integration of AI technology in shopping carts allows for a more convenient and personalized shopping experience.
- In-store AI Solutions
- The use of AI-powered tablets in retail stores revolutionizes the way consumers navigate and interact with physical products.
- Increase in Average Basket Size
- The implementation of smart shopping systems powered by AI has been proven to boost customers' spending in-store.
Who This Affects Most
- Retail
- Retailers can leverage smart shopping cart technology to enhance the shopping experience and optimize sales.
- Technology
- The development and integration of AI-powered devices in retail settings opens up new opportunities for innovation and growth.
- Artificial Intelligence
- The combination of AI and physical retail environments presents significant disruptive innovation potential in terms of customer engagement and operational efficiency.
