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Tech is Taking Over the Retail Industry – Who Benefits and Who Loses Out

April 25, 2022 by admin Leave a Comment

The face of retail is changing fast. At a rate that has never been seen before. Staff shortages, changes in customer expectations, problems with the supply chain, environmental pressures, and rising product costs are all playing a role. The fact that all of these pressures are at play together is why the pace of change has to be so fast.

Retailers who are too slow to evolve are going out of business. Those involved in the industry are highly aware of this fact, which has led to them adopting technology at an unprecedented rate. A response that has created ripples within the industry that few would have predicted, a few years ago. Including the fact that the retail industry would accelerate the rate at which it adopts tech to the point where they are currently spending billions on doing so.

Below, we look at some of those effects and ask – who is benefiting from the high level of tech development within the retail sector and who is losing out. To do this we look at three types of new technology and consider the pros and cons of the early adoption of each of them.

Digital signage

Over the past few years, the use of digital signage in retail stores has become commonplace. Even small retailers are now using screens for marketing and to share important information with their customers.

Installing them does not cost much. Yet, they create immediate benefits for both the retailer and the customer.

Retailers have a marketing medium that they can edit and update whenever they like. So, if a product is about to go out of code, they can discount it. Then, draw the customer´s attention to this fact via their digital screens. The retailer benefits by not having to throw the product away and suffer the loss. While the consumer gets cheap goods and does not see prices increase over time to cover stock losses, which is what would otherwise happen.

Digital screens are an example of win-win technology. Their use means everyone wins. However, that is not always the case.

Automation technology

Some of the technology that retailers are installing is going to lead to job losses within the retail industry. According to a recent study carried out by McKinsey about half of the roles will disappear as tech takes over and automates simple processes. That´s a lot of jobs. The Aspen Institute estimates that, as of 2020, around 1 in 10 people are employed within the retail industry. There will be some negative fallout when 5% of the work-age population loses their jobs.

Interestingly, this is something that concerns consumers. In London, some retailers have met resistance when they have tried to roll out cashier-less stores.

So, while retailers eventually benefit from lower-wage bills, there is still the potential for this type of technology to hurt their bottom line. Plus, this tech is not cheap, which means only the larger firms can afford to buy and use it. This means that inevitably smaller retailers will find themselves unable to compete and end up going out of business.

Technology that benefits employees

But not all technology, including automation tech, negatively impacts the workforce. Some of it brings benefits. Letting customers use kiosks for returns or to have their queries answered frees up workers to do more interesting work on the shop floor. Lifting technology helps to protect them from injury and better in-store security makes it far less likely that they will have to deal with break-ins, hold-ups, or shoplifters. Read more about technology that benefits retail workers if you want to read this article.

Our conclusion

When it comes to who is benefiting from the tech and who is losing out because of it the picture is complicated. There are no clear winners or losers, except the retailers themselves.

After the initial investment, they stand to make higher profits. But even they are going to see that benefit eroding as their competitors do the same. Once that happens, retailers will once again find themselves in something of a price war with each other. That will eat into the bigger margins using technology created.

Customers will initially benefit from the introduction of the new technology. They can expect:

· Lower prices

· More convenience

· Fewer out of stocks

But they are also likely to see the following service-related issues:

· A loss of personal one to one service

· Difficulties in getting refunds or questions that are not regularly asked going unanswered

This is going to be a big issue for customers. They still want the personal touch. A JLL study showed that 65% of senior shoppers still wanted to be helped by a person. Something that is going to become less likely to happen as retailers replace people with machines.

Filed Under: Business

How gaming technology has changed the way that we game

April 20, 2022 by admin Leave a Comment

Smartphone, Mobile Phone, Google Games

Online gaming has changed in recent years as more of us are now looking to take part in playing different games and the technology and gaming graphics have improved in recent years which is providing us with a better gaming experience. There are plenty of gaming options available at casino non aams and a number of extra options can be found here that is providing gamers with a unique and exciting gaming experience.

Online gaming

Online gaming has been growing over the years with more gamers now looking to take part in online games due to there being a lot more options for them to choose from. Online gaming has quickly become one of the most popular hobbies to be involved in with millions of us taking part in online games each day of the week and more gamers are now looking to try out online games due to the technology that the games provide.

Gamers from across the world are now taking part in online games due to there being so many different games to now choose from and gaming technology has helped to change the way that we game for the better. Technology has improved the way that we game by providing games that are now available on different smart devices and this has helped to encourage more of us to try out online games instead of playing board games or other games.

Smartphone gaming

Smartphone gaming has become a popular hobby for many of us because you can now play your favourite games from a mobile handheld device, and this has helped to improve the gaming industry due to more gamers wanting to use smartphones to play their favourite games. Smartphone gaming is now the most popular form of gaming due to there being so many different games to choose from, there are thousands if not millions of different games that are available across the different app stores on smartphones.

The future of online gaming looks to be a positive one with more gamers looking to try out online gaming either on a smartphone or a console device. It is expected that there will be thousands of new games being added to the app stores in the next few years as gaming companies are looking to provide more games to ensure that gamers are kept occupied and interested in online gaming.

 

Filed Under: Games

Biggest poker myths debunked

March 8, 2022 by admin Leave a Comment

Poker is one of the most popular games available to play in the world, with millions continuing to play it regularly.

Many are continuing to look for the best variants and options to choose when they decide to play a round or two, with some using sites like this when searching for more options like these to enjoy the best experiences.

However, there are many poker myths out there that people tend to believe. Unfortunately, a lot of these myths can end up costing them money.

Let’s take a look at some of the biggest and most common myths that exist and debunk them for you so you can enjoy the best poker experience possible and not have to worry about what others have said in the past.

Myth 1: You Can Win Every Time

This is probably the biggest myth in poker. Many people believe that if they play well, they can win every time. The truth is that no one can win every time. In fact, even the best players in the world lose more than they win. There is always some element of luck involved in poker, and you cannot control whether or not you are going to get lucky.

Myth 2: Poker Is All About Luck

While luck does play a role in poker, it is not the only thing that matters. Skill is also important, and if you are not skilled at poker, you will not be successful. Many people think that poker is all about luck, but this is simply not true.

Myth 3: You Need to Play for Hours to Be Good at Poker

This myth is also untrue. While playing more often will help you improve your skills, you do not need to play for hours on end in order to be good at poker. In fact, many of the best players in the world only play a few hours per day. If you want to be successful at poker, you need to focus on improving your skills, rather than playing for hours on end.

Myth 4: You Need to Play for Money to Be Good at Poker

This is another myth that is not true. While playing for money can help you improve your skills, you do not need to play for money in order to be good at poker. In fact, many of the best players in the world play for fun, rather than money. If you want to improve your skills, you should focus on playing poker for fun, rather than playing for money.

Myth 5: The Bigger the Pot, the Better

Many people believe that the bigger the pot, the better. This is not always true. In fact, if you are playing against good opponents, the bigger pots can actually be more dangerous. If you are not careful, you can end up losing a lot of money in big pots. Always make sure that you are playing smart and making good decisions, regardless of the size of the pot.

Final Thoughts

These are some of the biggest poker myths that exist. Remember, these myths are not always true, so you should never rely on them entirely. If you want to be successful at poker, we would suggest that you need to focus on improving your skills and making good decisions, rather than listening to what others might have had to say in the past.

 

Filed Under: Games

Three Essential Factors to Consider When Choosing a Gaming Monitor

March 2, 2022 by admin Leave a Comment

LG launches the world's first 1ms IPS gaming monitor | Windows Central

Monitors are usually linked with computers, but they are also ideal for console gaming. According to a growing number of players, the best console companion is a monitor rather than a television. For the best gaming experience, you’ll want a monitor that doesn’t display any signs of tearing, flickering, or blurring, so you can stay ahead of the competition. In this article, we’ll go over some of the three most significant considerations when selecting a console gaming display. With some gaming monitors, you can link your computer/laptop to your gaming monitor via a HDMI cable, therefore the game will be on your computer but you can back and play the game on your monitor for the best experience, you can do this with the various gaming platforms that are available on the internet, if you click here, you can play at these online gaming platforms if you have been seeking new gaming options, with these platforms, you have the possible chance to earn money whilst playing the games available.

Monitor Resolutions

The first consideration should be the screen resolution. The following resolutions are now available on gaming monitors:

High-definition (1080P) – For gaming displays, you don’t want to go lower than this resolution. Most gamers prefer monitors with this sort of resolution since it is less challenging on their consoles.

HDTV with Quadruple Resolution (1440p) – This is the next level of resolution and a midway ground that is preferably not demanding on console systems.

4K – At 3840 x 2160 pixels, it’s the highest gaming resolution presently available. 4K provides the cleanest and clearest pictures but requires a more powerful computer. A 4K display is a must-have if you want to get the most out of games like Horizon Forbidden West and other high-end experiences.

Refresh Rate on Monitors

A high refresh rate is required in Call of Duty and Battlefield if you want to amass a large number of kills within the game. The frequency at which a display updates is referred to as its refresh rate. Movies are often seen at 24 Hz, but in gaming, you have to keep up with the action and reply in a single second. Refresh rates of 120, 144, or even 165 Hz are more often used by professional gamers. A smoother gaming experience is made possible by a greater refresh rate, which is why gaming monitors with higher refresh rates are preferred.

Performance of Colour on the Monitor

Response time is unquestionably an important aspect for people who are concerned about visual quality and smoothness. However, if you want to play God of War 4 or Rise of the Tomb Raider in full immersion, colour performance is a must-have feature. Visualization of dark areas and larger colour spaces are the two most important aspects of a product’s colour performance. Richer colours may be shown on a monitor that has at least 100% coverage of the sRGB colour space.

 

Filed Under: Games

A guide to trading listed options in London

February 18, 2022 by admin Leave a Comment

Many are familiar with the term ‘options’ in the context of buying a car or house, but not so many understand how to trade options on listed assets. Options trading is complex and is best suited for professionals and advanced traders, but understanding the basics of options can be an exciting and valuable exercise in itself.

How does options trading work?

An option gives the holder the right to buy or sell a particular asset at a fixed price, called the strike price, until a pre-determined date called its expiry date. The two main types of options traded on London exchanges are ‘calls’ which allow their holders to buy, and ‘puts,’ which allow investors to sell an asset at a fixed price before expiration; all standardised according to the type of asset traded.

Options trading is considered riskier than buying or selling the underlying assets themselves but reduces risk due to potential profits being capped at pre-determined levels if executed correctly. This allows for option spreads – where traders simultaneously buy and sell options on the same stock to generate income from changes in price without ever having to own the stock itself – which are not possible with conventional trading of stocks.

If someone holds a call option, they have the right but not obligation to purchase 100 shares of XYZ company at £7 each before expiration. However, if they think that XYZ will reach above £7.50 within this time frame, then they may choose to exercise their option and buy at £7 (for example)

The same is true of the holder of a put option, which gives them the right to sell 100 shares of XYZ at £7 before expiration. If they expect XYZ to drop in price and wish to capitalise on that, they may choose to exercise their option and sell at £7 (for example). Alternatively, they may choose not to exercise their options and allow them to expire worthlessly.

Where to trade options in London?

The two major exchanges listed options that can be traded are the London Stock Exchange (LSE) and Euronext.LIFFE; with LSE focusing more on US-listed stocks such as Apple Inc., Microsoft Corp, Exxon Mobil Corp; whereas Euronext.LIFFE focuses on European companies such as BP, Royal Dutch Shell, BASF.

How to trade listed options in London?

Here are two ways investors can trade listed options in London

Market Maker

Listed options in London can be traced mainly through an equity derivatives trader within a relevant investment bank. This method is done by proposing and executing the trade to another counterparty (the market maker). The trader will require a lower level of capital than if they were to do it themselves.

The process for this is that the trader negotiates with the market maker on their “bid-offer spread” for each option they offer; where the bid price is what they are willing to pay (how much they need to spend), and their offer price is how much they want for it (what they’d like to sell it at), so anything between these two prices is suitable. Market Makers in Equity Derivatives work on commission based on the volume they trade, usually in a rebate. The more trades they do, the more commission is made.

Execution Broker

Alternatively, suppose an investor wishes to buy listed options in London. In that case, they could approach an “Execution Broker” – often found in small, private boutiques, who act as middlemen between the client and the market maker (who is also their prime broker). The Execution Broker will risk by acting as a Market Maker while not getting paid any commissions.

This allows them to keep their rates lower than if they were to pay full commission (where transactions are usually around 0.30%) but would make less money overall. This means that when dealing with Execution Brokers, one should know their actual costs before transacting.

Finally

New investors and beginner traders are recommended to use a reputable online broker from Saxo capital markets and trade on a demo account before investing real money.

Filed Under: Business

Adding value to your property

February 17, 2022 by admin Leave a Comment

School, House, Building, Desert, Western

Adding value to your property is what most property owners intend to do to ensure that when it comes to selling their home that they get back more for it than what they paid. Home games and entertainment rooms have become a popular request for most homeowners to now have. These rooms are great for having friends over for a few drinks which can often lead to them heading to curacao casinos accepting UK players with some news here that provides some more information on this.

How do these rooms add value?

These rooms are adding value to properties due to so many new home buyers looking for houses that already have these rooms available. These rooms are not cheap to have built so buyers are looking to purchase properties that already have them in to save them the money and hassle of having their ones built. These rooms have proven to add a lot of value to your property with house buyers looking to purchase a house that is already kitted out with one which saves them money in doing it themselves, so they are happy to offer more to purchase a house that already has one there.

You can add different things to these rooms which have helped to make them popular by being able to add a pool table or a darts board amongst other things which have become popular additions.

Ensuring to add value to your property is important to make sure that the house keeps its value and to also add value to the house to make more profit on it when the day comes to selling. The building trade has seen an increase in the number of homeowners that now want to have these types of rooms built after seeing how much value they have added to a friend or family member’s house.

There are many new buyers now only looking to view and buy houses that have these rooms already fitted in the house. These rooms are a great addition to any home as they offer a space where you can relax with your family, on your own or with a group of friends. The building trade is expecting more of us to have these rooms built over the next few years.

With the above facts being mentioned you can see that more of us are looking to add value to our property and these types of rooms are a great addition to have.

 

Filed Under: House

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Hello there! My name is Jack, and I found my passion in gaming and tech. I was 12 when I first found my interest in technology through repairing and studying the parts of computer. It has always been so fascinating for me to see developments and advancements in our daily life. Read More…

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Hello there! My name is Jack, and I found my passion in gaming and tech. I was 12 when I first found my interest in technology through repairing and studying the parts of computer. It has always been so fascinating for me to see developments and advancements in our daily life. Read More…

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