Ready or Not, Here Comes Retail IoT
This isn't science fiction. The key to leveraging IoT for retail sales is the ability to connect, sense, correlate and automate in order to add value by increasing intelligence and reducing manual effort.
One of the most powerful retail IoT ideas is electronic shelf labels. Shelf labels can change prices dynamically, but also read passing foot traffic to determine whether the product placement is attracting enough passers-by. If there isn't enough passing traffic or the prices are too high, the product could be repriced on the spot and/or promoted via Wi-Fi.
Oliver Guy is the global industry director, retail at Software AG, specializing in retail digital transformation and omnichannel technology strategy.
Oliver advises retailers across the globe on their technology strategy and decisions. With more than 20 years focused in technology, Oliver has worked with major names in global retail helping them improve their business through the use of innovative technology. Prior to joining Software AG, Oliver was part of the European Management team at Oracle Retail, his team being responsible for Retail focused Solution Consulting across Europe. Oliver started his career in technology implementing Supply Chain Planning and Optimisation solutions for customers across multiple industries in both Europe and Asia Pacific with Manugistics (JDA).
