transforming retail…

NO MORE MALLS: 5 DISRUPTIVE TECHS TRANSFORMING RETAIL

Written By: Peter Diamandis
Posted on SingularityHub on 06/12/14 8:00 AM

Five technologies are converging to transform the retail shopping experience forever.

This is big. This isn’t Amazon, it’s Amazon x100. Very social, very local and very efficient.

This will impact multiple industries.

Though it applies to other retail, the example I’ll share in this email is clothes shopping — specifically, a new approach that will give you back massive amounts of time in your life and make the experience fun, fast and super-personalized.

Gone are the wasted hours in dressing rooms or combing through racks and finding nothing in your preferred size or style.

The five converging technologies are:
1. 3D imaging
2. Body-motion sensors
3. Virtual reality headsets
4. Virtual worlds
5. Big data & AI

Let me give you a glimpse of the future.

Of course this doesn’t just hit clothing. It hits every element related to retail, like buildings, labor and transportation.

First, let’s look at the experience, and then we’ll examine the tech behind it.

THE FUTURE RETAIL EXPERIENCE
Here’s one future of clothes shopping…

You won’t drive to a store. Ever.

Eventually, clothing stores will go away, dematerialized and significantly demonetized — just like Amazon has done to most bookstores.

Your body is scanned and the data file is private. It’s your exact body on that exact day. (more…)