Role Played by Information Technology in Retail Industry

Among many technologies used in retail, Information Technology is a major advancement that helps retailers to organize their commerce in a better way, manage their credits, and help in maintaining satisfactory customer service. IT, in the retail sector, is mostly employed in storing and processing data. This technology is extensively used by retailers to understand market demands and consumer responses. The database obtained through Information Technology can assist businessmen and women in making infallible decisions and save the firm from potential risks. Electronic Point Of Sale is software that works with automated technology.