AR May Help Retailers Survive Stiff Competition

As retailers face tough competition augmented reality (AR) technology may help save them and revive their profits. Ecommerce was still only responsible for 8.1 percent of retail sales last year but was fully 41.6 percent of sales growth.

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The helmet involves what is called a head-mounted display(HMD). The HMD displays both images of the physical world and virtual objects over the viewers field of view. Some providers even include gesture controls. Some AR displays are rendered by devices resembling eyeglasses that contain cameras and re-display the augmented view through the eye piece.
 
AR has many applications. One military use is described in this article. It also has had medical and industrial applications. By 2016 it had expanded into a number of commercial uses and it has been used as an important teaching aid even in primary schools. AR has now become a tool by which retailers with stores can compete with their ecommerce competitors.
 
Ecommerce does have some advantages over traditional retail stores in that the companies have lower inventory costs and reach a wider consumer base. However, the majority of consumers want in person shopping experiences. The company Retail Drive found that 62 percent of customers chose traditional stores in order to see, touch, and try out items before they bought them. Almost half of consumers enjoyed getting their product right away. A full twenty percent of shoppers in traditional stores enjoyed the social experience of doing so. Omnichannel retailers are already using in-store AR devices as shown on the appended You Tube video.

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IKEA has used AR in a catalog that allows people to look at how assembled furniture would look in their own home.

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Source: Digital Journal

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