Lancashire, UK – 2023
The retail industry in the UK is the cornerstone of industry and accounts for almost 10% of the total employment market in the UK. With such a large stake in the UK economy, the sector needs to consider more technologically advanced methods of operation to embrace the next generation of digital transformation.
XGS-PON represents this next generation of connectivity and can empower the retail sector to harness new technologies that allow them to deploy process-changing initiatives that enhance productivity and save time and money. Providing symmetrical upstream and downstream speeds, this remarkable increase lets retail businesses reimagine how they order stock, liaise with suppliers, manage wasted materials, and interact with customers.
The retail industry in the UK wastes around 0.3 million tonnes of food and raw material, which is enough to feed everyone in the UK for around a fortnight. This frightening statistic highlights the need for better stock analysis processes that analyse and cut dead and underperforming stock. XGS-PON enables the retail industry to deploy faster, real-time analysis and data management devices that are bandwidth hungry. This enhances resource allocation, avoiding overspending in the sector and reducing wastage.
Customer experience is at the forefront of retail success. XGS-PON enables retail businesses to deliver unparalleled experiences in both brick-and-mortar stores and online. Online interactions are seamless and not subject to drop-offs or interruptions from poor connectivity, and payments in-store are faster. Offering a faster customer journey through XGS-PON connectivity could be the key to unlocking a new level of customer experience.
Virtual Reality Devices for E-Commerce and Brick-and-Mortar Stores
Retail businesses looking to tap into cutting-edge technology to generate new levels of consumer experience can also implement augmented and virtual reality in physical stores, allowing customers to try on clothes virtually, visualise products in their homes before purchase and much more. This can benefit both e-commerce-based retail businesses and brick-and-mortar stores, bridging the gap between online and high-street success.
XGS-PON’s incredible bandwidth opportunities unleash a new level of potential to implement devices from the Internet of Things to propel data analysis. Data is central to a well-functioning retail business, helping to inform trends, supply requirements and strategy. XGS-PON provides the retail sector with a secure framework to lay the groundwork for reimagined strategies based on comprehensive data analysis facilitated by superfast data uploads and downloads. Real-time data analytics also ensures that retail businesses can implement strategies faster, improving overall customer experience and enhancing retention.
In conclusion, XGS-PON is poised to revolutionise the retail industry by providing a powerful catalyst for digital transformation. To stay ahead in this rapidly evolving landscape, it is crucial for retailers to embrace the potential of XGS-PON. To learn more about how investing in connectivity can benefit your business, visit Evolve’s website today.
About Evolve Business Group and Evolve
Evolve Business Group is an independently owned company that specialises in providing end-to-end IT and managed network solutions to a range of businesses. Evolve Managed Network solutions are helping businesses to reduce costs and simplify the management of services and give business owners and their teams more time to do what they do best.
Founded in 2005, it has worked with a variety of clients across different industries around the world, building a team of highly experienced specialists to help create effective and efficient packages using any combination of different offerings. It keeps a range of cross-sector networks protected and connected.
Explore Evolve’s website to find out more about how their Managed Network Solutions can help your business stay secure.