Internet of Things is a demanding topic now in the technology industry. People are very excited about it. Here are four ways internet of things can change the retail industry.
1. There will be a fitting room in retails with interactive mirror. Oak has already come up with such mirror, and some of the Ralph Lauren stores already have them. You won’t have to walk around the store semi dressed to find a different size of the cloth. Oak Mirror is a technology that uses RFID chips. When you select a cloth, it appears on a touch screen that is part of the dressing room mirror. If you like a different size or color, you just need to tap the screen; a store assistant will bring the desired cloth for you in the dressing room. The screen will also offer you styling recommendations.
2. The store layout will be different. Instead of cash registers, people can walk around with iPads and go around every client. They can sit and answer their questions. This way a more personalized customer service can be provided.
3. Now retailers spend billions of dollars in online ad sales. But in the coming year’s Internet of Things will let the retailers place targeted and more relevant messages around their stores. These messages will be dependent on the customer’s unique browsing history. So, retailers will get the opportunity for cross-selling and upselling.
4. Supply chain management is a very complicated process. There are many steps involved in the ordering, producing, distributing and shelving the products. Internet of Things will let you automate some of these steps. So you will be able to connect the ordering system to the actual shelf.
These will simply revolutionize the entire retail industry. Customers will have an amazing shopping experience. Everything will be at their fingertips.