Discover How IoT is Transforming the Retail Industry | HackerNoon

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'Discover How IoT is Transforming the Retail Industry' iot iottopstory

It aims to reduce the human efforts for conducting business operations to support you in a more skilled manner; It minimizes labor.Are you wondering why I am partial to the retail industry? It was Kevin Ashton, the marketer of CWG brand, P&G, who coined the term. IoT initially came to the picture to reduce the challenges faced by the retail sector.If you are a business in the retail sector, your business revolves around product storage and warehousing.

This further improves work efficiency and facilitates trouble-free business collaborations. So, you can meet and greet your clients from anywhere and anytime.Do you remember the last time you called customer care to know the location of the product you ordered online? IoT can help you collect and collaborate data from different mediums on a single platform. With the involvement of AI in IoT, you can further check for the products that are scoring over others. This way, you can better analyze your customer’s requirements to enhance the productivity of your business.One of the fantastic ideas that IoT introduced is the virtual closet. It enables shoppers to try outfits virtually with the help of smart mirrors.

 

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