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Tuesday, October 24, 2017

Wal-Mart Pushes Virtual Reality

When we started our own innovation spaces we also aimed to engage startups like Wal-Mart's Store No. 8 is doing.   The emphasis on VR is interesting.   While it is intriguing to many people, it is still not in use by the typical Wal-Mart customer for interacting with their purchase decisions.   How soon can we expect this?  Will require considerable training and incentive.

Discount giant’s innovation gala presented a glimpse into the future of retail     By Deena M. Amato-McCoy in Chainstore Age

Virtual reality (VR) was the star of Walmart’s Store No. 8 inaugural innovation gala — an event that exhibited how the technology will shape retail shopping.

Store No. 8, Walmart’s technology incubator focused on ideas that will transform the future of commerce, held its first innovation gala on Wednesday. Store No. 8 works with startups that specialize in areas that include robotics, virtual and augmented reality, machine learning and artificial intelligence. This event however, gave put the spotlight on the value of VR.

The gala, which took place at a private residence in Hollywood Hills, California, invited top brands, technology companies and venture capitalists to see how VR will impact how customers shop in the future. Each exhibit encompassed Store No 8, Thrive Global and Accenture’s vision for the future of VR.  ... " 

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