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http://dx.doi.org/10.14400/JDC.2017.15.7.147

An Analysis of ICT-Retail Convergence(IRC) and Consumer Value Creation  

Park, Sunny (Dept. of Consumer Science, Seoul National University)
Cho, Eunsun (Dept. of Consumer Science, Seoul National University)
Rha, Jong-Youn (Dept. of Consumer Science, Seoul National University)
Lee, Yuri (Dept. of Textiles, Merchandising and Fashion Design, Seoul National University)
Kim, Suyoun (Dept. of Food and Nutrition, Seoul National University)
Publication Information
Journal of Digital Convergence / v.15, no.7, 2017 , pp. 147-157 More about this Journal
Abstract
Recently, ICT Retail Convergence(IRC) has been rapidly increasing to improve consumer satisfaction and consumer experience. In this paper, we aim to diagnose IRC from consumers' point of view by reviewing the present status and value of IRC according to consumer purchase decision making process. Based on the previous studies in retail industry, we classified IRC into 4 types: Experience-specific tech(Virtual Reality and Augmented Reality); Information-specific tech(Artificial Intelligence and Big Data); Location-based tech(Radio Frequency Identification and Beacon); Payment-related tech(Fin-tech and Biometrics). Next, we found that there is a difference in value provided to consumers according to the type of technology, analysing the value by consumer purchase decision making process. This study can be useful to introduce IRC for improving consumer satisfaction as well as ICT and Retail. Also, it can be basic data for future technology studies with a consumer perspective.
Keywords
IRC; ICT; Retail Technology; Consumer Value; Consumer-Centric Perspective;
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Times Cited By KSCI : 10  (Citation Analysis)
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