The concept of IoT opens a wide range of opportunities in many fields, including transportation, healthcare, workplace, and retail.
These two most common applications of IoT in retail sector give a general idea of how this technology can be used in this space:
Data gathering and sharing. Using sensors, retail IoT devices, products and environments can collect important data on an entire product and shopping lifecycle. After this data is processed and analyzed, it is transformed into valuable insights that help retail managers make informed decisions and improve retail experience and operations
Acting based on collected data. IoT-enabled machines and connected stores can be partially or fully automated to drive efficiency, sustainability and resilience to retail operations and processes.
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