DOI QR코드

DOI QR Code

A study on the deployment status and development plan of retail technology

  • KIM, Se-Jin (Department of Convergency Industry, Seoul Venture University) ;
  • LEE, Sang-Youn (Korea Institute of Artificial Intelligence Industry)
  • Received : 2021.01.15
  • Accepted : 2021.01.15
  • Published : 2021.03.31

Abstract

Purpose - Faced with the great change of the 4th industrial revolution and the addition of the COVID-19 pandemic, great confusion and crises are occurring in the retail environment as well. The purpose of this study is to suggest the necessity of establishing a methodology for applying retail tech to offline distribution channels in crisis. Research design, data, and methodology - After examining the recent developments of representative fields to which retail technology is applied, it is rearranged through consideration through previous studies. Result - The retail industry must transform into digital commerce through digital transformation. According to the development of retail technology, the distribution industry is at a time of change from the stage of brokering product and service transactions to a structure that creates value based on information on production and consumption. The business model of the distribution industry must be converted to a platform business model in which both consumers and producers become users. Conclusion - In-depth analysis of the cases has not been conducted, and there are limitations in that the development is somewhat insufficient due to insufficient prior research data. However, it is meaningful to suggest the necessity of finding a methodology for applying retail technology to overcome the crisis of offline retailers through quantitative research on the retail technology area.

Keywords

References

  1. Atieh, P., & Arturo, Z. (2017). Discernible impact of augmented reality on retail customer's experience, satisfaction and willingness to buy, Journal of Retailing and Consumer Services, 34(1), 229-234. https://doi.org/10.1016/j.jretconser.2016.10.005
  2. Babar Z., & Yu, E. (2015) Enterprise Architecture in the Age of Digital Transformation. In: Persson A., Stirna J. (eds) Advanced Information Systems Engineering Workshops. CAiSE 2015. Lecture Notes in Business Information Processing, 215(1). Springer, Cham.
  3. Bonetti, Francesca, Gary, W., & Lee, Q. (2018). Augmented Reality and Virtual Reality in Physical and Online Retailing: A Review, Synthesis and Research Agenda. In Jung, T. & Dieck, C. T, Augmented Reality and Virtual Reality (pp.119-132), Springer: Cham.
  4. Hahn, Y., Kim, D., & Youn, M., (2018). A Brief Analysis of Amazon and Distribution Strategy. Journal of Distribution Science, 16(4), 17-20 https://doi.org/10.15722/jds.16.4.201804.17
  5. JayashreeRamanan, K., & Ramanakumar, P.V (2014). Trends In Retail, International Journal of Business and Management Invention, 3(1), 31-34
  6. Jennifer, K. (2020). Shoppers Are Warming Up to Retail Tech. eMarketer.
  7. Kim, J., & Song, J. (2019). Exploring Key Factors Affecting the Success of High-Tech Retailers, The Academy of Customer Satisfaction Management, 21(3), 91-122 https://doi.org/10.34183/kcsma.21.3.5
  8. Kwak, Y., & Cho, Y. (2019). Unmanned Store, Retailtech and Digital Divide in South Korea, The Journal of Distrebution Science, 17(9), 47-56 https://doi.org/10.15722/jds.17.9.201909.47
  9. Megan, D., Thilini, A., & Mark, F. (2017). The Influence of Augumented Reality on Retail Pricing, Issues in Information Systems, 18(4), 116-123
  10. Ruomeng, C., Dennis, J., & Achal, B. (2018). Learning from Inventory Availability Information: Evidence from Field Experiments on Amazon, Management Science, 65(3), 955-1453 https://doi.org/10.1287/mnsc.2017.2841
  11. Vishag B., & Becerra, E. P. (2018). Shoppers' attachment with retail stores: Antecedents and impact on patronage intentions, Journal of Retailing and Consumer Services, 50. 371-378 https://doi.org/10.1016/j.jretconser.2018.07.012