Is IoT Finally Finding a Home in Retail?
In its third annual benchmark IoT report, Retail System Research (RSR) cuts through the noise to explore the real benefits of IoT solutions.
According to this report from Retail Systems Research (RSR), attitudes towards IoT in retail are changing. Some retailers are realizing the value of IoT technologies, especially in this time of change. What are the challenges of adopting these IoT solutions? And how can they be overcome to realize the ROI of RAIN RFID solutions for the Internet of Things?
For retailers, the Internet of Things (“IoT”) remains an innovation that keeps waiting to take off. Every year since 2015, RSR has benchmarked retailers’ attitudes about the business value of Internet of Things (IoT) technologies. But even after 5 years, one out of every two retailers admits they simply have no idea how IoT will impact their own operations in the next three years. There’s a fundamental disconnect between how the retail industry sees the opportunities vs. how the technology world sees them. But it’s not hopeless; Over-performing “Retail Winners” see opportunities to use IoT technologies to track customer flow nearby and in stores in order to improve time to service, improve operational efficiencies, and importantly to help their companies improve how they manage their inventories.
This Retail Systems Research (RSR) report in collaboration with Impinj dives into more than just IoT in retail, it directly speaks to:
- How retailers are succeeding at capitalizing on the opportunities presented by IoT
- Business challenges and organizational inhibitors that are complicating adoption—and how to navigate them
- Relevant suggestions for how retailers considering IoT solutions could proceed now
In addition to discussing business challenges, opportunities, organizational inhibitors, and technology enablers, the report also offers several in-depth and pragmatic suggestions on how retailers should proceed. Download your copy now!