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2022•Procedia Computer ScienceOpen access

Revolution of Retail Industry: From Perspective of Retail 1.0 to 4.0

Loh Li Har, Umi Kartini Rashid, Lee Te Chuan, Seah Choon Sen, Loh Yin Xia

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Abstract

When Industry 4.0 was first introduced in 2010, it also brought the retail industry into the fourth revolution. Retail 4.0, on the other hand, appears to be a novel concept for retailers worldwide. When Industry 4.0 technologies such as the Artificial Intelligent (AI), Internet of Things (IoT), Cloud Computing, Big Data Analytical (BDA), and Augmented Reality (AR) were implemented in the retail industry, the term Retail 4.0 arose from Industry 4.0. This paper examines Retail 4.0 technologies and their application in the retail industry. The retail industry’s revolution is also discussed in this paper. The final section examines the extent of implementation of retail 4.0 technology in various nations.

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What this paper is about

When Industry 4.0 was first introduced in 2010, it also brought the retail industry into the fourth revolution. Retail 4.0, on the other hand, appears to be a novel concept for retailers worldwide. When Industry 4.0 technologies such as the Artificial Intelligent (AI), Internet of Things (IoT), Cloud Computing, Big Data Analytical (BDA), and Augmented Reality (AR) were implemented in the retail industry, the term Retail 4.0 arose from Industry 4.0. This paper examines Retail 4.0 technologies and their application in the retail industry. The retail industry’s revolution is also discussed in this paper. The final section examines the extent of implementation of retail 4.0 technology in various nations.

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OpenAlex reports 131 citations for this work. Citation counts describe recorded attention and do not establish research quality.

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Available abstract

When Industry 4.0 was first introduced in 2010, it also brought the retail industry into the fourth revolution. Retail 4.0, on the other hand, appears to be a novel concept for retailers worldwide. When Industry 4.0 technologies such as the Artificial Intelligent (AI), Internet of Things (IoT), Cloud Computing, Big Data Analytical (BDA), and Augmented Reality (AR) were implemented in the retail industry, the term Retail 4.0 arose from Industry 4.0. This paper examines Retail 4.0 technologies and their application in the retail industry. The retail industry’s revolution is also discussed in this paper. The final section examines the extent of implementation of retail 4.0 technology in various nations.

Key concepts: Retail industry, Internet of Things, Big data, Industrial Revolution, Cloud computing, Retail sales, Industry 4.0, Computer science

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