{"id":1430,"date":"2016-05-31T19:41:49","date_gmt":"2016-05-31T14:11:49","guid":{"rendered":"http:\/\/www.allerin.com\/blog\/?p=1430"},"modified":"2016-05-31T19:41:49","modified_gmt":"2016-05-31T14:11:49","slug":"4-ways-for-retailers-to-start-using-iot","status":"publish","type":"post","link":"https:\/\/www.allerin.com\/blog\/4-ways-for-retailers-to-start-using-iot\/","title":{"rendered":"4 ways for retailers to start using IoT"},"content":{"rendered":"<p><em>The IoT data coming from smartphones, sensors and other devices can be very useful in providing significant insights and opportunities for retail business owners for their IOT solutions <\/em><\/p>\n<p style=\"text-align: center;\"><em><a href=\"http:\/\/www.allerin.com\/blog\/wp-content\/uploads\/2016\/05\/retailersIOT.png\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-1431\" src=\"http:\/\/www.allerin.com\/wp-blog\/wp-content\/uploads\/2016\/05\/retailersIOT.png\" alt=\"retailersIOT\" width=\"777\" height=\"447\" srcset=\"https:\/\/www.allerin.com\/blog\/wp-content\/uploads\/2016\/05\/retailersIOT.png 777w, https:\/\/www.allerin.com\/blog\/wp-content\/uploads\/2016\/05\/retailersIOT-300x173.png 300w, https:\/\/www.allerin.com\/blog\/wp-content\/uploads\/2016\/05\/retailersIOT-768x442.png 768w\" sizes=\"auto, (max-width: 777px) 100vw, 777px\" \/><\/a> Image source: pixabay.com<\/em><\/p>\n<h1>Personalize customer experience<\/h1>\n<p>With the rise of online market, customers now expect a personalized service. A kind of service that follows their previous shopping histories and hence, is familiar with their shopping practices. As a result of the advancement of smartphones, it is easy now to track customer preferences with the help of an IoT platform. The data from in-store IoT devices, when combined with customer shopping history, enables retailers to find patterns and deliver a more enhanced shopping experience.<\/p>\n<p>IoT solutions provide retailers with a platform that enables them to have real-time interaction with consumers, inside and outside the store, with the help of a smartphone. Brand experiences can be shaped in real time and in ways that reflect customer interests and lifestyles.<\/p>\n<h1>Find new revenue streams<\/h1>\n<p>Retailers will have to learn ways to take advantage of IoT to find new methods of attracting customers and increasing revenues. For example, sometimes, customers are left in a store waiting for too long without spending. An in-store app could be made available to identify customers who have been waiting for a long time. The locations where most customers get stuck can be identified and modified accordingly.<\/p>\n<p>Homes can also be connected to retail stores and items can be replenished in a faster and more convenient fashion.<\/p>\n<h1>Effective Store operations<\/h1>\n<p>The data from IoT sensors and devices can help retailers in the following ways:<\/p>\n<ul>\n<li>Manage stores in a better way<\/li>\n<li>Manage employee labor and energy usage<\/li>\n<li>Improve in-store marketing efforts<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p>More real-time insights in store and employee management would be the direct advantages of the operational data provided by IoT solutions. The in-store cameras, beacons and sensors can be combined with real-time location data provided by smartphones to show customer traffic patterns and their buying behavior.<\/p>\n<h1>Inventory and supply chain management<\/h1>\n<p>An IoT platform can help retailers monitor and track inventory so that they can know who is buying which products from what section in the store. They can identify their best selling products from the mediocre or less selling products and better predict future sales.<\/p>\n<p>The data provided by IoT solutions can be analyzed to know what products are underperforming and overstocked, which products are going out of stock etc. This data can also help in understanding the impact of time of day, weather and other environmental conditions and countless other variables.<\/p>\n<p>&nbsp;<\/p>\n<p>There are many different IoT service providers today. But, <a href=\"https:\/\/www.allerin.com\/blog\/which-iot-provider-is-fit-for-you\/\">choosing the right IoT service provider<\/a> for the business plays a crucial role in its success. Retailers today need to accept and get familiar with this technology for the longevity of their business. It needs to be realized now that the times of simple retailing are over and these new technologies are going to dictate future strategies.<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The IoT data coming from smartphones, sensors and other devices can be very useful in providing significant insights and opportunities for retail business owners for their IOT solutions Image source:&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_links_to":"","_links_to_target":""},"categories":[125],"tags":[134],"class_list":["post-1430","post","type-post","status-publish","format-standard","hentry","category-iot","tag-iot-solutions"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v25.5 (Yoast SEO v27.7) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>4 ways for retailers to 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