The implementation of IoT technology solutions in retail could have a direct financial effect of $0.4-1.2 trillion annually by 2025, according to the McKinsey Internet of Things study.
Being tightly interwoven with Big Data and analytics, IoT provides an unprecedented chance to label and track inventory down to an item with RFID and sensor-based asset management technologies, enable warehouse picking activities and eliminate supply and demand discrepancies by recognizing trends in sales information and automating inventory replenishment.
infographic by: r-stylelab.com
