Leveraging IoT to create a more connected and enriched shopping experience for customers.
Role | Deep Tech Used | Impact Vector | Industry | Impact Vector %Benefit |
---|---|---|---|---|
CEO CMO |
Internet of Things (IoT) | User Experience | Retail & eCommerce | 36% |
Utilizing IoT (Internet of Things) in retail allows for a more connected and enriched shopping experience by connecting physical and digital elements. For example, smart shelves can monitor inventory in real-time, ensuring products are always in stock. Beacon technology can send personalized offers and recommendations to customers’ smartphones as they shop. This enhances convenience, personalization, and overall satisfaction for shoppers while providing retailers with valuable data for improving their operations.
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