Customer Engagement in the Age of Smart Retail: #infographic

The implementation of IoT technological know-how solutions in retail could have a direct financial effect of $0.4-1.2 trillion annually via 2025, in accordance to the McKinsey Internet of Things study.

Being tightly interwoven with Big Data and analytics, IoT provides an unheard of risk to label and track inventory down to an item with RFID and sensor-based asset administration technologies, enable warehouse choosing activities and remove supply and demand discrepancies by way of recognizing trends in sales records and automating stock replenishment.

Source: r-stylelab.com

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