Even though e-commerce is driving quick sales growth, brick and mortar is still the major player in retail industry. According to the survey by TimeTrade, 85% of consumers still prefer to shop in-store. And there are more than 20 online retailers have opened physical stores. It's time for retailers to rethink their omnichannel strategies with store transformation.
The Internet of Things is revolutionizing retail store operations. With the connected devices and sensor data, retailers can receive real-time information of both physical and digital worlds. They can use these insights to offer timely and personalized customer services, make better operational decisions, and secure merchandising and supply networks. Learn about how can IoT provides new opportunities and values for retail business and start your IoT journey with The Honeywell Building Sense.
For more information, visit ibm.com/iot/retail
13. Watson IoT
Preventive maintenance
By analyzing equipment
performance indicators
such temperature,
vibrations or power
consumption, retailers
can predict when
equipment will fail before
it does.
14. Queue management
Watson IoT
Queue Management
Using heatmaps of
shopper density and
location, retailers can
offer timely services and
reallocate staff to meet
demand in real-time.
15. Watson IoT
Shopper Insights
Insights from in store
behavior, purchase
history and social media
activities can help
retailers to provide
personalized offers and
predict future trends.
16. Watson IoT
Inventory management
RFID tags can capture
data including GPS
location, temperature,
pressure & other
information, helping
retailers track inventory
across the supply chain
and restock shelves to
meet demand.
17. Watson IoT
Fleet Management
GPS location and
weather data provide
information about road
and environmental
conditions that enables
better route planning
and ensure drive
safety.
18. Watson IoT
Vendor Fraud
Prevention
Use real-time data
analytics to manage
complex vendor
networks, ensuring
shipment, product
quality, and pricing
accuracy.