Recently, iConnect POS released their document “The Future of POS”. Fittingly, it is about the future of POS, or Point of Sale and where it’s headed in the future. It appears that we are getting well into the future of POS right now with the advent of mobile iPad and iPhone point of sale systems that seem to be becoming more widely used by retailers, restaurants, salons, food trucks, and really any business that relies on credit card transactions for sales.
iPad POS System
iConnectPOS’ founder and President, Subodh Gupta, stated in his manifesto that “Large-scale retailers are seeing the success of micro merchant and cloud based POS solutions, and it’s clearer now than ever that they want a piece of the revolution for themselves. The design, development, and marketing teams at iConnect hope to lead the way in these changes for retailers across the globe with an integrated, intuitive, and innovative POS solution. This is, indeed, the way of the future of retail software systems, and iConnectbelieves that its product is suited to turn this vision into a tangible reality.”
One of the more intriguing aspects of this document is the idea of what is called Augmented Reality and what it means to retailers, or as Mr. Gupta refers: “Augmented reality would allow large retailers to open up ‘Experience Centers’ with technology that would give customers the ability to virtually experience a product in person before purchasing it.” That’s very cool stuff and we are getting closer to deploying this technology. According to Wikipedia, Augmented Reality is defined: “Augmented reality (AR) is a live, copy, view of a physical, real-world environment whose elements are augmented (or supplemented) by computer-generated sensory input such as sound, video, graphics or GPS data. It is related to a more general concept called mediated reality, in which a view of reality is modified (possibly even diminished rather than augmented) by a computer. As a result, the technology functions by enhancing one’s current perception of reality. By contrast, virtual reality replaces the real world with a simulated one. Augmentation is conventionally in real-time and in semantic context with environmental elements, such as sports scores on TV during a match. With the help of advanced AR technology (e.g. adding computer vision and object recognition) the information about the surrounding real world of the user becomes interactive and digitally manipulable. Artificial information about the environment and its objects can be overlaid on the real world.” You have probably used AR at some point, but weren’t entirely aware of it.
Augmented Reality in action
As far as the power of mobile Point of Sale and the features that accompany some providers software, you to find an applicable solution to meet the needs of your business. According to Forbes Magazine, “If time management and inventory control (among others) are important to retailers – and they are surely are, I would say the future is definitely headed down a tablet-driven POS world.” And why not? Who doesn’t want a cheaper, mobile and more powerful option to the traditional cash register. You can literally keep track of your entire business from your iPhone no matter where you are. According to Motorola’s whitepaper on the future of POS, “44% of retailers are currently refreshing their POS and checkout strategy.” Sounds like the future is now and moving faster than a self-serve mobile based checkout line.
For more info about Mr. Gupta’s “Future of POS” article and to read it in its entirety, CLICK HERE
iConnectPOS is based in Denver, CO and can be found at http://www.iConnectPOS.com