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IoT (internet of things) is now ubiquitous with 5G; combined, both technologies will have a significant impact in the marketplace. Major retailers are finding ways to use these new tools and technology to improve work processes and flow. At a basic level, an IoT device is anything that connects to the internet and can receive and send data. And with advances in 5G—increased speeds and reduced latency—that data will be sent and received faster and more reliable than ever before. Here now are five ways retailers are currently using IoT tech.
Technology will always get better, faster, and smarter and retailers who keep up with the latest trends will always benefit from the data that IoT devices can provide. To read more about IoT, 5G and AI, check out our three part series from MWCA ‘18.
Today’s consumer purchases happen more rapidly than ever, making returns an unavoidable aspect of the shopping experience. Every year, billions of dollars worth of returned goods make their way back to retailers, often resulting in excess inventory. Many of these…