E-commerce is doing business such as buying/selling the product online, where the product can be of any category such as groceries, lifestyle, goods, gadgets, etc. 

With the technology getting updated, logistics are getting better. Products are delivered to the consumers within a day or 2 days. Whereas if you know, many organizations nowadays provide daily needs products delivery within 15 to 30 minutes.  

Isn’t it amazing how easily we are getting things around the world at less price, less delivery cost, and even less time? 

In the last 2 years, due to covid-19, all businesses have been having a hard time doing business. The E-commerce industry has helped so many people to get their daily essentials and other products so easily. 

Last year in 2022, the E-commerce industry grew around two times compared to the year 2019 and this is a huge growth, when we put this into numbers, It is identified that in 2019 sales were of Rupee 40,000 crores and in the year 2022 it is of Rupee 76,000 crores. 

With the great growth in E-commerce, there is no doubt it has given good service to the people, but as it is said that every coin has two sides, In the same way, E-commerce has various benefits, but it does have pain points for customers as well and today we will be discussing 5 pain points of E-commerce customers and their possible technology solutions: 

E-commerce Pain Points and Solutions 

1. Cybersecurity

• PCI DSS(Payment Card Industry Data Security Standard): here the hosted payment provider needs to be certified with the PCI DSS certification, this certification ensures that the e-commerce platform will not store any kind of payment card-related details into it platform such as CVV number and if it stores the card number, then it will be in the masked format. 

• Card detail encryption: when the user enters his/her card detail on the payment page, it may be possible that somebody can listen to the data over the same network, so to save the customer from such scenarios, here before sending the data over the network, the webpage will encrypt the data using a secure encryption algorithm and then send the encrypted data over the network. After that when the backend server receives the request, it will decrypt the data and do the payment. 

2. Slow delivery

But here in online shopping the major drawback is slow delivery, as most of the time it takes around 5 to 8 days to receive the product from the online platform compare to this when users do purchase offline, They get the product immediately and at the same time, they can do the quality check and test as well with zero delivery cost. 

To resolve this issue, the company should invest in logistics to make the proper product inventory, smooth packaging, and delivery process, and work on identifying the shortest/cost-effective shipping routes, so the customer can receive the product as early as possible. 

Also product delivery is a major key point for both buyer and seller along with its pros and cons. 

3. Inaccurate product search

So the website should invest in the platform to make the user experience much better, by providing various services such as advanced search, where the user can select various options to find his required product: Brand, Category, Type, Size and etc. 

Also, the platform can provide the new feature of search by Image, in case the customer has any online picture of the product, using the search by image, the customer will be easily able to find the product. 

The same as the customer experience getting better, the customer will be using the platform more and more. 

4. Hidden extra cost

There are a lot of websites having seasonal sales periodically but are they really selling the product at less price or it is just a marketing gimmick to attract users? 

Although some products are sold at low prices genuinely but not all, it is just their algorithm running which increases the costs a day before the sale and decreases them on the day of the sale. 

When any product is purchased online, there is always a hidden cost attached to it:- Packaging Cost, Transport Cost, and Delivery Cost. Many times users do a purchase and after that, they realize how much extra cost they have paid for a less-priced product. 

The only solution to this pain point is to keep transparency to users, Ecoomerce portal should show all the costs correctly and upfront to users instead of hiding them. 

So the user will know all the costs clearly before purchasing a product and this will help to build a better trust relationship between the e-commerce website and the customer. 

5. Lack of the real idea of the look and feel of the product

Users are not able to identify the real look of the product, which sometimes leads to high chances of product returns when users are not fully satisfied with the product purchased online. 

This will be a loss for the e-commerce platform and the merchant as well. 

To simplify this there is a new age concept called Augmented Reality, using which users can actually put the products in their place and see how it is looking. 

For example, if one User wants to buy a microwave, he/she can view its features, and images online, along with this, they will be provided with the option using which they can put the microwave object in their kitchen using the mobile camera and can identify the look of that product in their premise. 

This is a great idea to provide ease of purchase to users. 

Based on these reports and statements, it seems that the Retail industry has been retired for a while due to the pandemic but now their time has begun again and retail is on the manner to its achievement. Approaches have changed in the retail industry as technology has entered the market over the years. 

In today’s technology-driven world, you should meet consumer desires by meeting their needs or assisting them with their issues. In that case, scheduling generation into the retail commercial enterprise can be a blessing in distinguishing.  

Generation can be a critical element inside the retail marketplace due to the fact it could be a breaker or maker. In this blog, we will look at the blessings of technology inside the retail area and why you should enforce it as quickly as possible. 

Top Benefits of using technology in Retail Business 

It seems vital to adopt modern technology within the retail enterprise on account that customers shopping in-save will increase over the years. And that’s why you need to convey to them a revel in with generation that they retain to save in-store extra than they were. ultimately, technology is the pleasant part of any retail advertising and marketing approach or sales-producing issue. 

This blog will explain how technology aids the retail industry’s rapid growth and expansion.   

Here are nine ways technology can improve your retail business. 

Improved Customer Experience: Technology has enabled retailers to provide personalized shopping experiences, enhanced product information, and interactive displays.  

Increased Sales: Technology such as e-commerce platforms, mobile apps, and augmented reality has made it easier for customers to purchase products, leading to increased sales for retailers.  

Inventory Management: Technology has made inventory management more efficient, enabling retailers to track stock levels, monitor sales patterns and make informed purchasing decisions.  

Increased Efficiency: Technology has streamlined various retail operations, such as order fulfillment, customer service, and marketing, making them faster and more efficient.  

Better Data Analytics: Retailers now have access to more detailed data on customer behavior, market trends, and sales performance, which they can use to make informed business decisions.  

Cost Reduction: Technology has made it possible for retailers to automate many manual processes, reducing labor costs and increasing operational efficiency. 

Enhanced Marketing: Technology has enabled retailers to reach customers through new channels such as social media, email marketing, and targeted advertisements. 

Improved Supply Chain Management: Technology has made it easier to track products from the manufacturer to the end customer, improving the speed and efficiency of the supply chain. 

Omnichannel Retail: Technology has made it possible for retailers to offer a seamless shopping experience across multiple channels, including brick-and-mortar stores, e-commerce sites, and mobile apps. 

Overall, technology has transformed the retail industry, improving the shopping experience for customers and increasing efficiency and profitability for retailers. 

What’s the Future of technology in retail stores?

When it comes to technology in retail stores, the future is promising and there are no signs that automation, robotics, or digital demands will slow down anytime soon. Here are just a few trends that, in our opinion, will change the retail landscape:   

• Robotic shop assistants 
• Drone delivery services 
• Deeply immersive AR/XR experiences 
• Virtual try-on options 
• Interactive changing rooms 

With technology in charge, more than just the in-store customer experience will improve. Using virtual reality to map out retail spaces without physically changing the layout is one of the most exciting new opportunities for the industry. It’s a fantastic way to test floor plans and determine what customers like without having to lock the doors. 

How can retailers & brands get started with retail tech? 

It will be easier for you to choose solutions based on your desired objectives and outcomes if you are aware of why you are introducing technology into your own retail stores or product displays. There are numerous benefits to integrating technology into your store, including: 

• Modernizing your brand to appeal to a more tech-savvy audience is called branding. 
• The information encourages thoughtful decision-making and provides customers with the resources they need to make purchases. 
• Efficiency means facilitating a seamless experience for both employees and customers.