Smart Retail
With our world-class, state-of-the-art IoT products and solutions, we can transform the business of any industry by improving their efficiency, reducing unnecessary costs, ensuring better customer service and a detailed track of the logistics involved.
Smart Retail
Smart retail can be described as a hybrid of traditional shopping and “modern shopping”. Modern shopping includes methods that collect data and use it to improve customer satisfaction and efficiency. This helps provide more personalized services and helps improve inventory management as well.
Interactive Displays
- Provides customers with product information and benefits.
- Online stores have the advantage of providing the latest offers to their customers. Now, retail stores can step up their game and provide their consumers with the latest pricing and promotions. A content management system can be used to quickly add, remove, or adjust the offers.
- The data collected upon interactions can help retailers understand consumer preferences and improve their content
Virtual Closet
- Customers don’t always notice all the items that are on sale or available. A virtual closet can draw their attention to different products thereby improving cross-sell opportunities.
- Can use the mirrors to request items in different sizes or colors. The interactive display can also provide customers with advice and suggestions.
- Helps analyze shopping patterns so that retailers understand the items that are in popular demand and those that aren’t.
Beacon Technology
- While perusing shelves of items like clothes and shoes, customers can receive information, like ongoing sales, on their favorite items.
- Instead of going about the store, looking for a sales clerk, customers can simply ping for one.
- Helps customers navigate their way through the store. It can help them locate the particular product they have been looking for with the help of GPS technology.
Smart Shelves
- Using RFID technology, Smart Shelves can provide real-time information on stocks and inventory management. It sends an alert when the products are below a particular level therefore eliminating the issue of “out of stock” situations.
- Suggests ancillary products and even recipes, subsequently improving opportunities for cross-selling.
- Temperature can be adjusted remotely to ensure that the stocked items stay fresh.
Self Checkout
- Reduces the possibilities of shopping cart abandonment as customers will have to take it to a particular location in order to check out.
- Provides store-staff the time to assist and interact with customers in other ways. It also reduces labor costs.
- The waiting time is less as compared to the traditional check out lanes. Reduced queuing time leads to a happier and a more satisfied customer.