10 tech companies transforming retail for 2020 and beyond

From robots that do inventory to stores with no employees – policy makers need to keep an eye on some of these innovations

According to the Commerce Department online only accounts for about 12% of sales, leaving the rest to be made up by physical stores. Technology is bringing some big changes to retail in the coming years. And policy makers need to keep an eye on some of these innovations.

Do we want stores with no employees? AiFI a Calif. startup is using artificial intelligence to fully automate the retail experience. Being able to walk into a market, pick up what you want and leave – while AI tracks you and everything you leave with, charging your credit card post-departure – may provide great convenience, but what about consumer privacy and what about the loss of retail jobs ? Bossa Nova is a robotics company that provides stores like Wal-Mart with a robot that roams the aisles checking inventory. San Diego’s Brain Corp provides robotic janitors for retail spaces. Other companies, like Pixvana are embracing workers and developing software to help in their job training, while RocketFuel another new company is working on ways to enhance the security of consumer online payments.

link to an article about this in Design News