Retailers Ready for The Internet of Things?
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predicts<%2Fa>Â that%2025%20billion%20connected%20things%20will%20be%20in%20use%20by%202020,%20and%20retailers%20stand%20to%20benefit%20greatly%20from%20these%20connections.%20IoT%20devices%20and%20the%20data%20they%20produce%20have%20particular%20potential%20to%20impact%20how%20retailers%20approach%20everything%20from%20back-room%20functions%20to%20the%20psychology%20of%20shopping%20and%20further%20shape%20the%20rapidly%20transforming%20retail%20landscape%20inside%20and%20outside%20of%20the%20store.%0D%0A%0D%0Ahttps%3A%2F%2Fwww.mytotalretail.com%2Farticle%2Fretailers-ready-the-internet-things%2F" target="_blank" class="email" data-post-id="35111" type="icon_link">
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Eventually, retailers may be able to incorporate things like tracking technology (e.g., what's the most efficient way for the product to make it to customers) and payments, further strengthening the benefits of all those potential connections. In this context, the more intelligent devices linked to a shopper's consumption and spending habits, the more opportunity for targeted marketing and customer insight.
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- Companies:
- Amazon.com
Daniel Collins
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