This document summarizes a panel discussion on technology in retail. The key points discussed include:
- Retail is changing rapidly with new formats and collaborations between retailers and non-retailers.
- Cloud computing allows retailers to focus on their core business instead of infrastructure investments.
- Data analytics is becoming increasingly important for decision making in retail.
- E-commerce companies are using technology like detailed product photos and custom sizing tools to address the lack of touch/feel online.
- Marketplaces make it easier for retailers to sell online by reducing infrastructure needs and focusing on inventory and customer experience.
- Combining online and offline using technology like buy online/pickup in store can improve the customer experience