It has been observed that there is tremendous growth and change in large retail chains that have created an impact on the market of retail systems. This has been reflected through various technological advancements in the following such as electronic cash registers (ECR), point-of- sale terminals (POS), and electronic funds transfer (EFT) as well as wireless medical equipments Etc. These developments have resulted in improved productivity and implementation of more comprehensive systems to penetrate smaller retailing operations.
Nowadays we have seen that it is possible to get your money transferred from any country in the world in just few minutes and this has been made successful by the machines that are gifted to us by our retail automation industry.
Shopping at retail stores like Big Bazaar and making your bill payments without a single rupee in your pocket is been made possible by EFT and online payment methods and that too in few minutes. Even today many point-of-sale terminals are using such systems to facilitate their customers.
Even you don't need to remember your day to day sales and make each and every entry of your customer because electronic cash register are now available that tracks your record of every sale and also keep entries of cash available at your store.
Many other recent developments are also made by retail industry to facilitate us and make our day to day transaction in an easy way. Medical diagnostic is also been possible by retail products such as diabetic Equipments, Heart Beat Measurement as well as Blood Pressure Measurement Etc.
New Advancement in this industry would really help human and improve their living standard.