Displaying items by tag: retail sector

Additional funding valued at $30 million over 3.5 years is to be allocated for investigations and enforcement relating to the supermarket and retail sector.

GUEST OPINION by Paul Weingarth co-founder, CEO of fintech Slyp: The government has the opportunity in this revised Federal budget to prioritise the uptake of technology in the business and retail sector to support the transition to a circular, net-zero-driven economy.

GUEST OPINION: A rapid increase in e-commerce and greater use of cloud platforms is causing significant challenges for retailers, according to a new report.

Cybersecurity risks in the retail industry suggests that the 2021 holiday shopping season will be further disrupted by cybercriminals looking to create chaos and take advantage of an unprecedented global supply chain crisis, according to one security firm.

The retail sector became a top target for ransomware and data-theft extortion attacks during the pandemic in 2020, according to global cybersecurity company Sophos.

GUEST OPINION by Byron Yeung, Vice President APAC, Data Integration Division at Qlik: Data is critical to local government operations. It helps them allocate resources, address pressing issues facing the community, and so on. Ultimately, data helps local governments better serve communities through data-informed decision-making. Unfortunately, it’s not utilised nearly as much as it can and should be.

Mobile business messaging traffic is forecast to reach 2.7 trillion this year, up from 2.5 trillion last year, driven primarily by growth in the retail sector during the COVID-19 pandemic.

Australia’s National Retail Association (NRA) has released a blueprint designed to tackle what it says are the “unprecedented challenges” confronting the retail sector and set Australian retail on course for recovery, and calling on federal and state governments to give immediate assistance to retailers feeling the effects on their businesses of the coronavirus outbreak.

The coronavirus outbreak will severely affect China’s smart devices market including smartphone and PC shipments, according to analyst firm Canalys which says it has dramatically revised previous forecasts of a 7% decline in smartphone shipments to a 40% to-50% drop for smartphones and 20% for PCs - with the proviso that the situation recovers to pre-outbreak levels by the end of February.

Blockchain technology will be transformational across most industries within five to 10 years, with 60% of CIOs recently surveyed expecting some level of adoption of blockchain technologies in the next three years, according to a new report from Gartner.

Bitcoin’s new normal bottom is US$10,000, according to the chief of one of the world’s largest independent financial advisory organisations, deVere Group.

Giant online retailer Amazon has destroyed the sector, the US Treasury Secretary Steve Mnuchin claims, telling the news channel CNBC that the Justice Department was right to include the company in an anti-trust review.

The emergence of 5G and the use of smartphone cameras and other devices is set to bring significant change to consumer shopping habits and the retail sector, according to newly released research.

Blockchain could become ubiquitous by 2025, entering mainstream business and underpinning supply chains worldwide, according to a newly published report.

Adoption of chatbots by the retail, banking and healthcare sectors will realise businesses cost savings of US$11 billion annually by 2023, up from an estimated US$6 billion in 2018, according to a new report.

More than half of IT decision-makers in the retail sector say their company will need to adopt new technology in the next three years to evolve and stay competitive, with 97% saying cloud-based solutions are critical to transforming the digital retail experience.

The days of the smiling (or sometimes sour-faced) service attendants are all but over, soon to be victims of the unstoppable tsunami of automation. Can anything be done to stop the irresistible juggernaut of automated technology that threatens so many jobs? Perhaps, but only if we want it stopped.

Australian-based global tech and robotics company Lakeba has launched an in-store robot it says is able to monitor and help intelligently manage stock levels in retail outlets and supermarkets.