Retail is ripe for automation. More than 50 percent of all activities in retail can be automated with current technology. This means that the skills retailers will require for success in the future will differ from the skills that were required for success in the past. In addition, shopper needs and interaction preferences are evolving. Existing trends, such as the growth of online sales and the need for touchless service in brick-and-mortar stores, are accelerated by the COVID-19 pandemic.
To stabilize revenues and set up companies for future growth, retailers should invest in people analytics now. With people analytics, retailers will be better able to identify the skills that will fuel future growth, as well as to assess the readiness of their workforces for meeting tomorrow’s challenges.
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