Top Five Retail Tech Trends by MuleSoft

by Tech Mainstream Staff


July 23, 2019


Top Five Retail Tech Trends by MuleSoft


A survey entitled, "Connectivity Benchmark Report 2019", conducted by MuleSoft this year by six hundred fifty IT leaders found five significant retail tech trends.

Trend #1 is digital transformation, 94% of retailers are now initiating or are planning to initiate digital transformation in their organization within the upcoming year.

Trend #2 modernizing legacy systems, the #1 goal of retailers is modernizing legacy systems.

Trend #3 customer experience focus, 76% of retailers think that improving customer experience is a significant goal.

Trend #4 top tech spending, the most important technology investments for retailers are IoT, big data/analytics and security.

Trend #5 IT budgets on the rise, the IT budget for retailers will increase 72% this year, more proof that digital transformation is a top priority for retailers.

 

 

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Tech Definitions in the News

Arduino is an open-source electronics platform based on easy-to-use hardware and software. It's intended for anyone making interactive projects. Arduino boards are able to read inputs - light on a sensor, a finger on a button, or a Twitter message - and turn it into an output - activating a motor, turning on an LED, publishing something online

Source: https://www.arduino.cc/en/Guide/Introduction/

Augmented Reality is an enhanced version of reality where live direct or indirect views of physical real-world environments are augmented with superimposed computer-generated images over a user’s view of the real-world, thus enhancing one’s current perception of reality.

Source: https://www.realitytechnologies.com/ augmented-reality/

Chatbot is a piece of software that interacts with users in a conversational way.

Source: https://snatchbot.me/insight/250/ intelligent-chatbots


Deep Learning is a new area of Machine Learning research, which has been introduced with the objective of moving Machine Learning closer to one of its original goals: Artificial Intelligence.

Source: http://deeplearning.net/


DevOps is a set of software development practices that combines software development (Dev) and information technology operations (Ops) to shorten the systems development life cycle while delivering features, fixes, and updates frequently in close alignment with business objectives. Different disciplines collaborate, making quality everyone's job.

Source: https://en.wikipedia.org/wiki/DevOps


Docker is a tool designed to make it easier to create, deploy, and run applications by using containers. Containers allow a developer to package up an application with all of the parts it needs, such as libraries and other dependencies, and ship it all out as one package.

Source: https://opensource.com/resources/what-docker


Edge computing is a distributed computing paradigm which brings computation and data storage closer to the location where it is needed, to improve response times and save bandwidth.

Source: https://en.wikipedia.org/wiki/Edge_computing


FogHorn is an intelligent Internet of Things ( IoT) edge solution that delivers data processing and real-time inference where data is created.

Source: https://aws.amazon.com/blogs/architecture/foghorn-edge-to-edge-communication-and-deep-learning/


Hybrid Cloud is a computing environment that combines a public cloud and a private cloud by allowing data and applications to be shared between them.

Source: https://azure.microsoft.com/en-us/overview/what-is-hybrid-cloud-computing/


Kubernetes (k8s) is an open-source system for automating deployment, scaling, and management of containerized applications.

Source: https://kubernetes.io/blog/



WWW2 and WWW3 (k8s) are hostnames or subdomains, typically used to identify a series of closely related websites within a domain, such as www.example.com, www2.example.com, and www3.example.com; the series may be continued with additional numbers: WWW4, WWW5, WWW6 etc. 

Source: https://en.wikipedia.org/wiki/WWW2


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