Internet of Things in Retail for Actionable Store Analytics

The retail industry has been continuously growing, not just in size and scope in the market but also in its drive into the smarter side of service provision, and this seems to be facing a constant need of not only improving its performance in terms of top-notch customer experience, on time restocking and overall efficient […]

Did you know that the global smart retail market is estimated to grow from USD 21.6 billion in 2020 to USD 62.5 billion by 2025? The retail industry has emerged as one of the most dynamic and fast-paced customer-centric industries. The key factors fueling the growth of this market are the increasing use of automation […]

The Indian Retail space is one of the fastest booming industries. According to McKinsey the potential economic impact of IoT in retail environments will range from $410 billion to $1.2 trillion per year by 2025. The key to the future of the Retail Industry lies in the adoption of IoT. Effective implementation of IoT can provide […]

The retail industry is in a state of steady transformation for the last few years and there is an increasing insistence to decrease costs and to increase efficiency of operation. SOP in retail is more crucial for operations than ever in today’s turbulent business environment. Retail industry has emerged as one of the most dynamic […]

The Indian retail industry is one of the fastest growing in the world. It is expected to reach Rs 76.87 lakh crore (US$ 1.1 trillion) by 2020, stated in a report by IBEF. Attracting new customers into business, retaining existing ones, and knowing their requirements better is something that every retailer aims for.  Customers are […]

In a race to become more accessible and omnipresent, retail businesses are elbow deep in adopting cutting-edge technologies. Businesses are now moving towards upgrading their traditional systems to platforms that are smart and can function more independently. This is a win-win situation for organizations: it allows them to increase operational efficiency and at the same […]

Artificial Intelligence (AI) has had a huge impact in bringing innovative changes across multiple industries. Working behind the curtains, it has made interesting advancements in retail as well. AI in retail helps businesses reimagine every strategy through which it communicates with customers and operates its outlets. It allows managers to synergize technology and function, a […]

Smart retailing has put the industry into high gear. The benefits Internet of Things (IoT) technology has accelerated its growth. It is continuously finding ways to improve business efficiency of firms to ensure they stay ahead of their rivals. Grandview Research has predicted that the IoT enabled retail market will be worth $94 billion by […]

Retail is an industry that has grown exponentially over the years. It has been successful in capturing audiences in the brick and mortar setup. It now has a huge market share online as well. India Retailing reports that the country’s retail sector is expected to grow to $1400 billion by 2024, backed by revenues from […]

The retail industry is driven by consumer insights. With the advent of internet & e-commerce, it has been able to leverage these insights in a more effective manner and improve business efficiency exponentially. IBEF reports it is one of the fastest-growing industries in India. It contributes to more than 10% of the GDP and is […]