3 ways IoT is impacting retail

In 1999, Kevin Ashton coined the term Internet of Things after witnessing inventory, logistics, and supply chain management challenges in retail. Since then, millions of global enterprises have adopted IoT and are uncovering its tremendous economic impact.

However, while most retailers see value in IoT solutions, these enterprises are largely unsure of how this technology specifically benefits business. When asked about industry adoption and the key issue being solved by IoT, greater inventory accuracy was the leading response — but only 24 percent of organizations agreed this was the case.

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Are you capitalising on IoT opportunities in your business? Is 2020 your year?

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A look at brick-and-mortar retailers growth and where customer experience fits in

Stores will always be an important part of the retail equation. In fact, according to research by the IAB, 30% of direct-to-consumer brands say opening stores is a present priority. This is likely because, in retail categories like fashion, more than 70% of purchases are still made offline.

Are you preparing your business for AR, Mobile Payments, Mobile POS and RFID?

You should be. Call us and lets talk.

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