Automated Checkout
You’ve probably seen how long lines deter your customers from purchasing products. And, as a manager, it can feel unprofitable to pay multiple employees to work during busier shopping times. With IoT, you can set up a system to read tags on each item when a customer leaves the store. A checkout system would then tally the items up and automatically deduce that cost from the customers’ mobile payment app.
Creating an automated checkout system using IoT devices would make your customers happier and more willing to enter your store, especially if they are on a time crunch. It can also save you a ton of money — McKinsey estimates automated checkout can reduce cashier staff requirements by up to 75%, resulting in savings of $150 billion to $380 billion a year in 2025.
Beacons
The supply chains of retail stores are now more complex and longer, meaning that they need better management than ever before. Today, retailers need to track their inventory from the moment it leaves the manufacturing plant till it is finally delivered. It is also no longer enough for a retail business to just track all of the inventory, as a lot of retailers also need to know the condition of their goods at any given moment within the supply chain.
Some retailers need to make sure that their items are transported only after meeting the prerequisites on the grounds of temperature and other such conditions.
For example, a lot of companies rely on sensors during transportation to ensure that their products are kept in desired temperatures, altitudes, humidity levels, and so on.
Traceability is now essential for the period after the product has been sold as well. With IoT, companies will be able to perform recalls of sold products more efficiently and this is something that happens very often.
Autonomous Drone
Maybe humans will be replaced by a drone fordelivery goods. Amazon has start the drone delivery since 2017.
Drones were on a constantly evolving path and now, the models come with much more advanced features that allow them to perform tasks we would never have imagined them doing some 10 years ago. Not to mention that the price of owning one is not as high as it was the first time they appeared on the market.