Saturday 12 August 2017

The Internet of Things (IoT) – A Game Changer for Retail

Windows 10 IoT is a game-changer for the retail industry, providing tools and insights to compete.
The idea of billions of smart, connected devices that connect to systems and the Cloud can feel overwhelming and complicated. Fortunately, harnessing IoT’s potential to optimize shopper engagement doesn’t need to be hard - and getting started doesn’t need to be expensive. Chances are there is untapped potential in your existing devices, whether you have simple RFID tags that capture a continuous stream of product conditions, or handheld POS (Point of Sale) devices that speed the checkout process while updating inventory and tracking customer purchase behaviour.

Windows 10 IoT takes things to the next level, by giving device manufacturers a standard platform on which to build even more powerful devices from digital signage that provides personalized content and services to robots that work autonomously to keep stock replenished.

With Windows 10 IoT, device manufacturers are creating rich user experiences via smart, connected devices that include important features such as a natural user interface, search
capabilities, online data storage, and cloud-based services. The Microsoft Azure IoT suite adds a Cloud-based platform for developing applications that tailor data presentation in ways that are relevant and timely to the various roles in your organization and provide even deeper insights about your customers and your business.

For retailers who adopt IoT-enabled use cases, such as faster product delivery, augmented reality, mobile shopping and checkout, and interactive digital signage, the results can be a game-changer. A survey in the USA that tested 19 of these shopping concepts found that a $20 billion retailer could create $312 million in new gross annual value and lift profitability by 15.6 percent by implementing them all.



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