Beacons, sensors, robots and many more artificially intelligent devices will swarm the retail landscape forever and for better. Disruptive ideas bring in new technologies and hit the core of innovation. The Internet of Things is one such innovation. And to understand The Internet of Things in laymen’s term, you can read it in this blog itself.
In retail sphere, lies a huge potential to adapt these technologies. Be it their supply chain or inventory issues, it can be a redeemer in all cases. Let us know the 3 ways in which it can transform the retail sphere:
Inventory in need is an inventory indeed– Technologies that are about to come in will revolutionize the retail backdrop. There are technologies that can literally save any retailer from theft, cheating and evade inventory dysfunction.
Survival of the fittest Supply Chain– the IoT related devices can resolve and troubleshoot supply chain issues. By having IoT-enabled devices, you can track step by step supply chain procedures. Often, losing track is the most imperative reason behind any malfunction which leads to a defunct supply chain.
Knowing Your Customer– Last but not least, any customer sums up for whom these innovations are actually meant for. It is a prominent agenda in any retailer’s mind. Their customer means a lot to them. They are harvesting data to know their shopping style, personal preferences and even their important days like birthdays and anniversaries. This is done by integrating data from IoT (Internet of Things) devices in store and the personal shopping history. Savvy retailers are using big data to predict trends and prepare for future demands.
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