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IoT in Retail: Top 5 Use Cases and Real-Life Examples

Retail TouchPoints

Connecting the world of physical objects into a smart network, IoT technology brings new business opportunities for retailers and provides data-driven insights for decision-makers. According to Grand View Research , the global IoT retail market was valued at $42.38 billion in 2022 and is expected to grow at a CAGR of 28.4%

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Nordstrom Issues Supplier Mandate for RFID Tagging

Retail TouchPoints

Nordstrom has joined other retailers in mandating the application of RFID tags to the products it sells in its stores. The company’s directive to its suppliers includes RFID ticketed products for all of its channels, including Nordstrom, Nordstrom CA, Nordstrom Rack and Nordstrom Rack CA.

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How Edge Computing Enables the Retail Store of the Future

Retail TouchPoints

The past few years have been a rollercoaster ride for the retail industry. A survey from this year’s World Retail Congress suggests that the uncertain times aren’t over for the industry. A survey from this year’s World Retail Congress suggests that the uncertain times aren’t over for the industry.

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RFID Retail Benefits: A Guide For 2023

Korona

All types of retail businesses can benefit from technological advancements. One area of focus has emerged as many retailers move to a more omni-channel model. That’s where RFID retail comes in. RFID is a wireless tracking communication technology. But how can small businesses retailers take advantage of RFID?

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Why Retail Businesses Need Parking Access Control Systems

365 Retail

Running a retail business is probably more challenging than ever before. Otherwise, your retail business won’t last for long. . As the owner of a retail business, it’s also important to consider the safety of your customers and employees. RFID Systems: This system can identify the vehicle at a long range.

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5 Ways IoT Improves Ecommerce Businesses

ecomdash

Through the use of RFID tags, IoT technology enables you to track all your deliveries to give customers live updates on where their packages are. By switching out barcode systems to RFIDs, ecommerce companies are able to better monitor their inventory levels in real time, sharply reducing both human error and wait time.

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ShopTalk 2018: Retail’s Renaissance

OrderDynamics

50% from brands and retailers. Startup Thinking at ShopTalk 2018 Big Retail. Yet in both cases, the retailers have worked to bring outside innovators into the firms to help continually evolve, adapt, and get the culture to think like innovators. As such retail needs to adapt to these buyer norms. Disruption in Europe .