Facial Recognition Technologies Role in Smart Retail Sector Discussed by MIC in Its Cutting-Edge Report Recently Uploaded at MarketPublishers.com01 Nov 2017 • by Natalie Aster
LONDON – The continued technological progress and introduction of new innovations are redefining the landscape of the retail industry, which has undergone considerable changes and transformation.
In the past year, the founder of Alibaba, Lack Ma, advocated the “New Retail” concept at the Yunqi Computing Conference. Due to Alibaba’s top position in the retail industry, this concept has soon emerged as a splash. New Retail is a data-driven, consumer-centric pan-retail business model. This indicates that data will likely play a central role in reshaping retailers' competitiveness.
As a significant measure to capture consumer identity and also attribute information, facial recognition technologies are anticipated to thrive in the retail industry. Smart retail is a promising high-growth area for facial recognition companies.
Cutting-edge research report “Development Trends of Facial Recognition in the Smart Retail Industry” worked out by Market Intelligence & Consulting Institute (MIC) offers a comprehensive guide to the smart retail sector and discusses the role of facial recognition technologies in this sector. Besides, it includes an insightful overview of the major opportunities of facial recognition technologies in the smart retail sector, reviews the key demand drivers and restraints, identifies the main advantages and disadvantages of facial recognition technologies adoption for retailers. Moreover, it reviews the most recent industry developments, discloses vital data on the future growth prospects of the smart retail, and also provides valuable recommendations.
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