iot is reinventing retail
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IoTis Reinventing
Retail
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The Internet of Things (IoT) is a combination of physical devices embedded with electronics, software and other technology for data sharing. Some IoT devices interact with each other, while others connect directly to networks.
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The IoT market is projected to reach $326 billion in retail revenue opportunity by 2018*.
* According to SAP
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IoT Can Revolutionize Retail Through Technology
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The use of IoT within retail can increase inventory accuracy to 99%.
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Smart shelves help measure the results of retail execution through customer behavior. Automated checkouts and wearable devices provide additional convenience to customers and pull up important information for sales teams.
$4 $25 $1 $19
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Beacons are also relevant, useful technology.These small devices combine mobile data collection with hardware by interacting with nearby smartphones.
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IoT and Omnichannel
Retail Strategies
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Full adoption of omnichannel can be a frustrating but IoT helps you develop a full omnichannel presence by decreasing the difficulty associated with integrating your data and systems.
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Full adoptionof omnichannel canbe frustrating but IoT helps you developthe difficulty associated with integrating your data and systems.
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IoT relies on greater access to smartphones and high-speed mobile networks. As such, the prevalence of IoT increases the number of opportunities to collect valuable data.
$4 $25 $1 $19
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IoT’s Retail Execution Benefits
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IoT brings benefits to many areas, from product promotion to customer loyalty. For example, you can deliver highly targeted marketing messages to customers. %
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With an integrated infrastructure, you can also create a seamless customer experience to help improve loyalty.
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By taking advantage of IoT, you will spend less time wondering about inventory numbers, manually sending out promotional offers and coupons, and trying to bring your data together into a centralized location.
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A Mobile Data Collection App For Retail Execution.
GoSpotCheck.com