Uploaded on Jan 21, 2023
The term "phygital" is used to describe the integration of physical and digital experiences. In the context of shopping, it refers to the use of technology to enhance the in-store shopping experience.
Future of Shopping in a Phygital World
Future of Shopping
in a Phygital World
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What is Phygital World?
The term "phygital" is used to
describe the integration of
physical and digital
experiences. In the context of
shopping, it refers to the use
of technology to enhance the
in-store shopping experience.
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What is Phygital World?
As the future shopping
options, we can expect to see
more and more retailers using
technology to create a more
seamless and personalized
shopping experience.
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Example of Phygital
One example of this is the
use of augmented reality
(AR) and virtual reality (VR)
to allow customers to see
how a product would look or
fit in their home before
making a purchase.
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Example of Phygital
In-store interactive kiosks
and digital mirrors are
already in use in some
stores which allow
customers to see
themselves in different
clothes and styles, as well
as providing information
about the product, pricing,
and availability.
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Example of Phygital
Another trend is the use of
artificial intelligence (AI) to
personalize the shopping
experience for customers. This
can include providing
recommendations for products
based on previous purchases, or
using facial recognition
technology to offer personalized
discounts and promotions.
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Example of Phygital
Some retailers are also
experimenting with the use of
robots and drones for tasks such
as inventory management,
product stocking, and even
delivering products to customers.
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Example of Phygital
With the increase of
online shopping and e-
commerce, retailers are also
thinking to blend online and
offline experience, by using
technology such as BOPIS (Buy
Online, Pickup in-Store), and
curbside pickup, allowing
customers to make purchases
online and pick up their orders at
the store, this kind of approach is
known as "omnichannel retailing"
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Future of Shopping in Phygital
World
The future of shopping in a phygital
world is likely to involve more and
more retailers using technology to
create a more personalized,
seamless, and convenient shopping
experience for customers. Expect to
see more use of augmented and
virtual reality, artificial intelligence,
and robots and drones, as well as an
increased focus on blending the
online and offline shopping
experiences.
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Pros And Cons of Phygital
Shopping
The phygital approach to shopping,
which combines the physical and digital
experience, offers several advantages
and disadvantages.
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Pros And Cons of Phygital
Shopping
Pros:
● Enhanced customer experience
● Increased convenience
● Better inventory management
● Enhanced personalization
● Increased sales
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Pros And Cons of Phygital
Shopping
Cons:
● High cost
● Difficulty in integrating technology
● Privacy concerns
● Reliance on technology
● Technological divide
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Conclusio
n
While phygital shopping offers many
advantages, it also presents some
challenges. Retailers must weigh the
pros and cons and carefully consider
their options before investing in
phygital technology.
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THANK YOU!
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