Internet of Things

The Retail Tech Revolution is Here: Are You Prepared?
March 20, 2024 at 9:34 am

It feels almost quaint to discuss the “digital transformation” of the retail industry. Ten years ago, that mostly meant “have a website” and “digitize inventory.” Now these tools are table stakes, and the true digital transformation is the rapid expansion and harnessing of emerging technologies in artificial intelligence (AI), machine learning (ML), augmented reality (AR),…

Beyond AI: Emerging Technologies That Are Reshaping Retail
March 18, 2024 at 9:41 am

In today’s dynamic world of retail, the spotlight remains on artificial intelligence (AI) — and for good reason. AI is undoubtedly transformative, reshaping the future of retail. In addition to AI, other technologies are also making significant strides. Radio-frequency identification (RFID), replacing barcodes, revolutionizes supply chain and inventory management. Video analytics leverages computer vision to…

How IoT is Revolutionizing the Retail Industry
January 3, 2024 at 11:26 am

Being a forward-thinking retailer requires actively identifying shifts in consumer behavior. Perhaps one of the most notable changes in recent years has been the rise in cashless consumers. According to a Pew Research Center survey, roughly four in 10 Americans (41 percent) say none of their purchases in a typical week are paid for using cash, up…

Supply Chains Are Ready for Change: Replacing ‘Scan it’ With ‘Sense it’
December 21, 2023 at 2:43 pm

Supply chains across the globe are becoming increasingly complex, competitive, and under the scrutiny of existing and developing regulation. To date, the guiding solution has been elementary: scan it. For years, scanning products have allowed supply chain professionals to keep track of every item in their supply chain, from warehouses to delivery trucks to store…

Like Price Tags Once Did, the Ambient IoT is Turning Retail on its Head
August 30, 2023 at 8:07 pm

With the rise of online shopping, omnichannel merchandising, and “customer experience,” it’s easy to forget that one of the biggest disruptions in retail is more than 150 years old: the price tag. When introduced by retail pioneer John Wannamaker in the 1860s, price tags upended the common practice of haggling. Suddenly, there was no back…

How Physical Retailers Can Stay Ahead of the AI Curve
August 3, 2023 at 3:09 pm

Any retail expert worth their salt knows that personalization is the one true key to profitability. This is only becoming more important as the market grows saturated and customer expectations keep getting more demanding. But how will artificial intelligence technology change the ever-evolving retail landscape? Personalization is all about providing engaging customer experiences, which is…

5G IoT, Edge Computing and their Vital Role in Retail 
March 30, 2023 at 3:08 pm

The retail industry continues to experience unprecedented and unpredictable changes. Challenges such as talent acquisition and evolving consumer appetites leave leaders with little control over what happens next. With the state of the current landscape, retail stakeholders must create a business environment that's both dependable and adaptable. One area in which this is possible is…

How the Internet of Things Enables Retail Excellence
March 21, 2023 at 3:15 pm

People may not realize that retail enterprises have long been among the early adopters of new technology applications in their fight to stay ahead of the competition. In recent years, retailers flocked to Internet of Things (IoT) systems to optimize operations in the face of ever-changing pandemic protocols and to combat ongoing concerns about shrink…

Unlocking the Business Benefits of IoT-Enabled Food Retail 
October 3, 2022 at 11:47 am

Amid evolving consumer preferences and a myriad of business challenges across food retail, organizations have turned to digital transformation as a source of support for their physical supply chain and stores. Among the most prevalent innovative adoptions is the applied use of Internet of Things (IoT) technology. However, as economic volatility has increased and consumer…

How Retailers Can Conquer Disruption With the IoT
August 10, 2021 at 7:55 pm

It's no secret the pandemic completely upended how retailers approach serving their customers, from rethinking omnichannel experiences to working through some major supply chain disruptions. Now, as we begin a return to a level of normalcy, retailers are looking for ways to keep their customers happy and ensure they’re ready to face future hurdles caused…