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The power players of retail transformation: IoT, 5G, and AI/ML on Microsoft Cloud

CIO

Thanks to cloud, Internet of Things (IoT), and 5G technologies, every link in the retail supply chain is becoming more tightly integrated. Transformation using these technologies is not just about finding ways to reduce energy consumption now,” says Binu Jacob, Head of IoT, Microsoft Business Unit, Tata Consultancy Services (TCS).

Retail 263
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Nexite raises $67M for its new approach to tagging and tracking merchandise in physical stores

TechCrunch

In any case, there are also a lot of possibilities of applying the tech that Nexite has built to a much wider range of IoT and other use cases — any scenarios where it’s now seen as useful to be able to track the movement and operation of of previously “unconnected” things.

Retail 225
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Top 5 Trends in the Logistics Industry to Look Out for in 2021

Trigent

With logistics automation, IoT-enabled connected devices, and tech-driven logistics services coming into play, it’s safe to assume we are in for some significant changes in the industry. Internet of Things (IoT). IoT sensor technology and connected IoT devices have simplified logistics chores to a great extent.

Trends 52
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Covid-19 Accelerates The Need for Retail, Manufacturing Supply Chains To Adapt

Cloudera

The ongoing disruption to critical supply chains in both the manufacturing and retail space has seen businesses having to respond quickly, turning to data, analytics, and new technologies to better predict and manage ‘real-time’ business disruptions. . Data and analytics. Automation opportunities.

Retail 86
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Improving your Customer Centric Merchandising with Location based in-Store Merchandising

Cloudera

Product placement within apparel and department stores is well documented in positively affecting upsell and conversion. The business leveraged IoT data that captured in-store location data from shoppers that have the mobile app on their smartphones. Real-time, Location-based insights to improve conversion .

Retail 57
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Redefining Manufacturing RPA: Navigate Challenges, Embrace Innovations, and Explore High-Impact Use Cases

Trigent

In the wake of hyper-digitization, manufacturers are leveraging advanced technologies like RPA, IoT, and AI to make their processes more efficient. A medium-sized apparel manufacturing company utilized Power Automate to streamline its back-end processes.

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Dynamic Pricing Explained: Use in Revenue Management and Pricing Optimization

Altexsoft

Starwood Hotels (is a part of Marriott since 2016) uses data analytics to match room prices with current demand. Practical goals that retailers set for investment into AI and IoT technologies. Source: Analytics for an Online Retailer: Demand Forecasting and Price Optimization. Source: Business Insider.