Retail industry is dynamically changing to adapt to current market trends and changing consumer’s preferences. Integration of trending technologies in brick and mortar store is essential to keep consumers engaged and offer seamless shopping experience. Industry experts are using ‘omnichannel retail strategy’ as the powerful tool to outweigh their competitors and go ahead in the race for innovation. Retail industry experts analyze lifestyle of consumers and predict that the usage of AR, IoT and AI would increase in the near future.
Role of Internet of Things The IoT refers to physical gadgets that provide smart characteristics, through connectivity and offer very good monitoring systems, optimisation and automation. Idea of IoT devices has actually being applied to millions of web applications. This is an era of technology and several numerous emerging technologies combined with artificial intelligence play a crucial role in technology transformation. Due to the Internet of Things (IoT) and its ecosystem devices are connected with each other in one network. All technologies have influenced users’ daily routine and working style by integrating different technologies such as Bluetooth, RFID, Wi-Fi and Zigbee over wireless networks. In this blog, we shall discuss the Role of internet of Things on Supply Chain Management. The operation and management of supply chain and logistics industry’s fulfillment are changing dramatically with combination of data analytics, mobile computing and cloud servi...
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