Keeping a pulse on activities around innovations in Retail sector is the key ingredient in informing strategies and making key business decisions. Corroborating signals from various business activities and further deducing key performance indicators, creates a 360Β° view around whoβs and whatβs of sector relevant innovations.
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The trendline shows the deals activity related to the innovation by month for this industry. The count represents the number of deals in the last completed 12 months.
The trendline shows the granted patent activity by month for this industry. The count represents the number of patents that were granted in the last completed 12 months.
Research and innovation in fintech in the retail sector has declined in the last year. The most recent figures show that the number of fintech related patent applications in the industry stood at 76 in...
Research and innovation in robotics in the retail sector has declined in the last year. The most recent figures show that the number of robotics related patent applications in the industry stood at 23 in...
Innovations applied for IP protection tracks new noteworthy patent applications published recently in the Retail Sector including ground-breaking technologies and the companyβs technological and strategic shift towards adoption of new technologies.
Amazon has been granted a patent for a package delivery system wherein a delivery robot in communication with a UAV provides a approach notification to the package receiver such as lights, displays, speaker etc and interprets actions by an UAV, such as an intention to land or deposit a package at a particular location and then provide final landing authority, and can βwave-offβ the UAV.
Ebay has been granted a patent which relates to a digital avatar system which facilitates virtual representations of users and products. The digital avatar may be generated based on the measurement data of the user and the size of the selected product. In this way, the user may see a digital representation of the user wearing the product so that the user can evaluate how the product looks on the user.
Amazon has been granted a patent which relates to generating three-dimensional representations of objects. For example, a customer may order a lamp but when the ordered lamp is physically placed on the table, the customer might not be pleased with its size or style, particularly relative to other items in the room. Providing a photorealistic rendering of the object may help with the ordering process. This may require providing a three-dimensional model to a mobile device in a small file size package.
GlobalDataΒ captures news, deals, filings, jobs, patents, and social media signals etc. and gathers the activities around innovation-led initiatives supported in the respective organizations. Our analysis suggests that Amazon Inc has been most upfront in adopting emerging technologies amongst its peers.
Data from March 2017 onwards
Note: GlobalData captures various data sets such as deals, filings, jobs, patents. Each data set score is combined (π₯π πππππ) to provide an overall weighted-average exposure score. The scores are then used to show the colors on the heat map and represent the level of exposure in which a darker shade represents higher levels of exposure while a lighter shade represents lower levels of exposure. Each cell in any respective column indicates the relative Company Investment Intensity of the ten tech themes compared across the list of companies for that theme.
| Themes | Deal Value(US$m) |
|---|---|
| Internet of Things | 69,687.5 |
| Artificial Intelligence | 41,673.8 |
| Cloud | 34,454.1 |
| Robotics | 22,531.0 |
| Big Data | 19,104.3 |
| Virtual and Augmented Reality | 5,169.8 |
| Cybersecurity | 2,402.7 |
| Blockchain | 282.2 |
The sectorial representation of the Retail industry based on growth in patenting activity and number of deals show, Retail as the emerging sector. Having less patent records, Kitchen, marks presence as the innovation sector with highest growth in patenting activity and deal size.
Data from March 2017 onwards
Note: Bubble size represents the number of deals for that sector during the past five years.
| Sectors | No of Deals |
|---|---|
| Retail | 14,109 |
| Online Retail | 6,295 |
| Clothing | 1,369 |
| Cosmetics & Toiletries | 1,268 |
| Make-Up | 355 |
| Furniture | 351 |
| Personal Hygiene | 331 |
| Anti-Perspirants & Deodorants | 65 |
| Kitchen | 41 |
