The rollout of 5G has the potential to transform the retail industry by ushering in a new era of connectivity and experience. The advancements it supports should alleviate many of the challenges that retailers have endured during the pandemic. By dramatically accelerating the speed of mobile networks, it paves the way for a dazzling array of innovations.
The network’s rollout will play a vital role in supporting retailers in their quest to deliver a frictionless omnichannel experience. By creating deeper, personalized experiences, retailers will be able to increase sales and the efficiency gains 5G supports will help improve operating margins.
5G signals the dawn of a new age of mobile communications that will transform the speed and responsiveness of wireless networks. Thanks to vastly reduced latency and increased speeds, it allows significantly more devices to access the internet at the same time. By connecting people to everything, retailers can shepherd in a new era of experience-driven innovation.
The enhanced connectivity that 5G enables allows for near-seamless transfers of data and information. The supercharged network will support a range of use cases that improve the efficiency of operations and deliver seamless experiences for shoppers.
Here are four examples of the innovation that the retail industry can expect.
The increased bandwidth from 5G provides 360-degree visibility across the entire supply chain, removing much of the friction from existing processes and reducing losses such as inventory shrinkage. Providing retailers with enhanced data on usage patterns can further streamline operations and reduce wasted inventory.
In addition to the innovations that 5G enables, it adds significantly more complexity to retail systems. Now, instead of evaluating individual components, retailers need to test the entire ecosystem to ensure it meets customer expectations.
Traditionally retailers have relied on testing that software and applications work. However, with the user experience (UX) determining success, retailers need to continuously test user journeys across all touchpoints, browsers, devices and systems. The only way to do this is by integrating intelligent technologies that automate testing from the user perspective and garnering insights in order to optimize the experience. Essentially, this is like unleashing an army of AI-powered bots onto an application, website or process that behaves like real users and explores the workflows as real users would.
Intelligent test automation can evaluate the functionality, performance and usability of digital products rather than simply verifying code. It incorporates AI, machine learning (ML) and analytics to continuously test and monitor the digital user experience; it analyzes apps and real data to auto-generate and execute user journeys. The result is a smarter way to test software and apps continuously. To reap the monetary rewards from the innovations that 5G supports, retailers must rethink how they test and monitor the performance of the digital experience. As retail brands continue to grapple with the retail apocalypse, the advent of 5G networks offers a glimmer of hope for them to create deeper digital experiences that positively impact the bottom line.
Gareth Smith is General Manager, Software Test Automation at Keysight Technologies, where he is a proven leader of product marketing, product management solutions and pre-sales teams. Prior experience includes Progress Software, where he held several positions including Director of Product Management.