The size of the global market for new retail tech devices is anticipated to reach $74.68 billion by 2027, growing at a CAGR of 17% from 2020 to 2027. Trends in the market for smart retail devices indicate that this sector uses the internet of things (IoT) to help run its operations.
Retailers can improve the customer experience and increase consumer engagement with the use of smart devices and IoT, which fundamentally changes how day-to-day operations are carried out in stores. Among the benefits of using new tech in the retail industry are energy management, theft prevention, in-store navigation, and consumer interaction. The cannabis business is no different. For dispensaries to operate successfully, they require high-tech equipment.
To give clients integrated retail services and a better shopping experience, cannabis dispensaries must concentrate on leveraging emerging technologies like cloud, mobile, RFID, kiosks, and others.
New And Emerging Tech Cannabis Companies Should Be Using
Following is a list of new tech cannabis companies must be using:
RFID
The use of radio frequency identification (RFID) tags is growing and is a significant part of daily life.
Radiofrequency is used by RFID tags, a sort of tracking technology, to locate, identify, track, and communicate with objects and people. RFID tags can contain a variety of data, including serial numbers, a brief description, and even entire pages of information. Cryptographic security elements are included in some RFID tags to provide a high level of verification and authentication. Low frequency (LF), high frequency (HF), and ultra-high frequency (UHF) radio frequencies are typically used to identify RFID tags.
Cloud Video Surveillance
The remote storage of video recordings on the Internet is known as cloud surveillance. It merely needs an Internet connection and no wires or other hardware.
Video recorded by a cloud-based security camera is converted into a file and uploaded to an online storage provider. This host is often a website that necessitates a special login from the user. Once logged in, users have access to all previously recorded recordings and may also remotely operate the cameras—a function that is getting more crucial as cannabis stores need to be compliant as well as safe.
The advantages of cloud surveillance include:
- Easy to set up and use
- Affordable and easily accessible
- Adjustable from anywhere
- Requires minimal network maintenance
Aside from offering end-to-end encryption and extra security features like two-factor authentication and single sign-on, the top cloud-based IP cameras available today support the most recent security standards. Using current standards for data encryption and network security assures that footage stored outside of the camera’s hard drive is safe in the event that hackers ever manage to compromise the system, whether video data is at rest or in transit.
It is crucial that video surveillance systems receive the same amount of attention to cybersecurity risks and vulnerabilities as conventional IT systems like servers and workstations since they are becoming more and more connected to the Internet. Companies are concerned about ensuring the integrity and security of their video networks due to the legal, financial, and reputational dangers linked to data breaches and leaking footage.
Kiosks
A self-service kiosk is an interactive terminal that enables an activity or displays information, automates, eliminates, or streamlines wait times, and reduces costs by allowing users the freedom to do tasks as they choose fit.
Self-servicing kiosks have gotten involved in engaging people and disseminating information, in retail from wayfinding to hospitality in the cannabis industry. The reality is that they are now so prevalent that doing most of the usual tasks without them is impossible.
Firewall
A firewall is a type of network security system that keeps hackers and unauthorized users out. Antivirus software aids in virus protection for files. Firewalls work to keep away intruders by preventing their first access to your computer.
Your computer system is protected from viruses and other malicious software by firewalls. They should be put in place on all of the systems in your network.
Importance of Firewall For Your Business
- Protects your company from hackers
- Lets you block access to unapproved websites
- Protect your business from malicious code
- Let’s you limit bandwidth usage for certain programs
- Use it to provide VPN services
Takeaway
New technology trends abound, each claiming to be THE ONE to transform your business. Examine your operations and initiatives honestly to determine what to concentrate on. Learn about your consumers’ requirements. Consider what is causing your company to run slowly or what your weaknesses are. Understanding these facts will help you determine the next steps to take.
Also, consider speaking with new tech experts at Cure8 who can advise you on the ways in which you can improve your business.
