Scott Lawrence, a Senior Vice President Global Solutions at Verizon Business, noted that this will be a consequential experiment of sorts to see if retailers can handle the increased traffic on their system. Point of Sale (POS) systems will expand as well. By 2025 most retailers expect 70 percent of tasks to be “partially or fully automated.” Use of AI to support operations is projected to increase 9 times in the next two years. (Source: Supermarket News)Īre you investing in technology for your retail store? You should be. The latest upsurge of technology in the retail industry is being driven by “operational efficiency” as reported by a 2023 study done by Incisiv and Verizon. Selecting the right system tailored to a company’s – and employees’ - needs is crucial.ĥ - Study shows retailers are revving up for a technology boom In cases where advanced software is being used Boelte said most executives he’s spoken to reported that not all of their staff uses the technology. Payroll tax management is another process that should be automated. He cites examples such as tax deadlines because HR tech lessens the demands on HR managers and handles the minutia with a high-level of accuracy. (Source: Bloomberg Tax)īoelte suggests implementing HR Tech is one of the wisest decisions businesses can make. I’m betting your business uses half of these.Ĥ - Businesses need HR Tech as tax compliance grows more complexĬraig Boelte of Paycom offered his insights on how companies can alleviate themselves of the stress and headache of tax compliance. Adobe and Google’s GSuite were numbers three and two respectively. Website builder Wix is the tenth most popular.

Top of the list is Intuit–the provider of QuickBooks.

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