Changing Technology Equations In Retail

There is a huge legacy of physical retail companies out there. I chose the word legacy because a large portion of the retail industry still engages in old ways of working. The change & transition of the industry hence has been slow and difficult over the years. However, in the post Covid era, there are multiple headwinds propelling this industry. The digital adoption is now moving faster than ever before, accelerating at least two-three fold. But unfortunately, there is no slow and measured transition that retailers can go through. However, one of the major reasons for this rapidly growing digital transformation is that consumer behavior when it comes to technology adoption is changing at a pace that we have seen in the past. For example, it's been quite a while since the advanced self-checkout technology was introduced, but it hasn't yet replaced human intervention in billing counters even after decades. So, you can imagine the pace of transformation that was happening in retail.

10 Most Recommended Robotics Solutions Providers - 2021

The fear about robots replacing human employment is still existent to this date, since they are already working in the fields like hospitals, manufacturing, household applications, defence forces, and in almost every sector. Robots are highly intelligent beings, but it takes human brain to think about the right measure or decision to take at the right time. It also requires professional hands for deploying the right robotic solution as per the requirements of the field and that's exactly why organizations that specialize in providing robotics solutions come into the picture. These robotics solutions providers offer support and broaden the selection of robots or robotic solutions. They not only help in choosing the right robotics solutions to the right job, but also have them tested and some solution providers even offer training to their client's employees. This eliminates the worry of how to handle such highly intelligent beings, as employees are trained at every stage of what and how the robots are operated. The robots are now finding their spot in many small companies, performing specific tasks. The latest reports from MarketsandMarkets indicates that the industrial robotics market is expected to grow from $42.2 billion in 2021 to $75.3 billion in 2026, growing at a CAGR of 12.3 percent between 2021 and 2026. CIO Insider has compiled a list of '10 Most Recommended Robotics Solutions Providers - 2021' based on our latest research. The organizations on the list have demonstrated exceptional problem solving proficiency, implemented integrated solutions, and contributed significantly to the success of many companies. A panel of professionals, comprising industry veterans and subject matter experts, CMOs, CEOs, analysts, and the CIO Insider editorial team have curated the following list (in alphabetical order).