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IOT or Internet of Things in retail has actually created many ways to shop.For example, smart fitting rooms and virtual reality-enabled customer experiences.However, many consumers have not willingly connected technologies yet.

As many of them grow more discriminating, retailers have turned to new technology to create more personalized,in a moment service.
In addition, customers have higher expectations for their shopping experience such as  efficient service, higher quality for products, bigger discounts and they want retailers to meet their needs at the moment.
Using technology to create more tailored service can produce ROI. According to DigitasLBi’s Connected Commerce survey, 62% of consumers purchase more items more often when they receive personalized service.
Furthermore, shifts in consumer shopping patterns have placed a greater burden on retailers to close the gap between online and in-store experiences.
Retail sales have grown, in part because of a jolt from technology.
Reference:
Lauren,H. (n.d.). Internet of Things (IoT). Retrieved from https://www.cisco.com/c/en/us/solutions/internet-of-things/iot-retail.html

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by creating productive people flow. when the collection of shopper data, inventory and product increase, the marketing and sale also become a successfully improved. since IoT can even make  no interaction between human to human, retailerss can also make their cashing and key-in system into a "cashierless" way. As a proof to this, the UK Co-Op Supermarket allows shoppers to scan and bag the product and pay their goods only through an application created by the company.

reference : How Retail IoT Solutions Improve the Customer Experience. (2018, March 20). Retrieved from https://www.shuup.com/shopping/retail-iot-solutions-improve-customer-experience/

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The internet of things, or IoT, is a system of interrelated computing devices, mechanical and digital machines, objects, animals or people that are provided with unique identifiers (UIDs) and the ability to transfer data over a network without requiring human-to-human or human-to-computer interaction.

REFERENCE:  What is internet of things (IoT)? - Definition from WhatIs.com. (n.d.). Retrieved from https://internetofthingsagenda.techtarget.com/definition/Internet-of-Things-IoT

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Retailers are using the Internet of Things in order to make their business flourish. This is because in the current time where online shopping is much more cheaper and easier than going out to buy stuff. It is also easier for customers to browse through a selection of websites to look for the cheapest price. So, retailers employ a multitude of ways to attract customers to their store by using IoT.

REFERENCE
Parker, R. (2017, November 24). Internet of Things in Retail: What's in it for Retailers - ReadWrite. Retrieved from https://readwrite.com/2017/11/24/internet-of-things-plus-retail/

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The internet of things, or IoT, is a system of interrelated computing devices, mechanical and digital machines, objects, animals or people that has the ability to transfer data over a network without requiring human-to-human or human-to-computer interaction.  As the title mention that IoT enhance the customer experience, IoT can also guide the overall business process, save money and time and improve productivity of the employees.

reference: What is internet of things (IoT)? - Definition from WhatIs.com. (n.d.). Retrieved from https://internetofthingsagenda.techtarget.com/definition/Internet-of-Things-IoT

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There are various real-world applications of the web of things, extending from customer IoT and endeavor IoT to fabricating and mechanical IoT (IIoT). IoT applications span various verticals, counting car, telco, vitality and more. In the buyer fragment, for case, shrewd homes that are prepared with keen indoor regulators, shrewd machines and associated warming, lighting and electronic gadgets can be controlled remotely through computers, smartphones or other portable devices. Wearable gadgets with sensors and computer program can collect and analyze client information, sending messages to other advances almost the clients with the point of making users' lives simpler and more comfortable. Wearable gadgets are moreover utilized for open security -- for illustration, making strides to begin with responders' reaction times amid crises by giving optimized courses to a area or by following development workers' or firefighters' crucial signs at life-threatening sites.  The greatest openings within the IoT lie not in modern gadgets but in reexamining client behavior to plan superior client encounters and increment esteem for clients. Doctorow concurred, pointing out that he’s inquisitive about the idea of “treating human creatures as things that are great at detecting and not things that are there to be sensed.” Doctorow clarified further: A parcel of our Web of Things models continue from the thought that a human emits a beacon and you assemble as much data as you'll be able — regularly in an awfully antagonistic way — almost that human, and after that you make forecasts almost what that human needs, and after that you alert them. What in the event that instep you had a gadget or a gadget environment that was nearby to you, that didn’t share your data with anybody else, that accumulated data that you just gave intentionally since it was fair for your possess advantage — myware, not spyware.

reference:  Webb, J. (2015, July 15). “The purpose of the IoT is to give humans superpowers”. Retrieved from http://radar.oreilly.com/2015/06/the-purpose-of-the-iot-is-to-give-humans-superpowers.html

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By observing stock and transmitting information about stock developments and whereabouts to an IoT stage, the framework can furnish retailers with data about client needs and preferences, showing them approaches to enhance their administrations, increase customer interactions, and boost the sales of the store.

REFERENCES
Maltseva, D. (2018, May 17). The future of retail: How IoT is transforming the retail industry - ClickZ. Retrieved from https://www.clickz.com/the-future-of-retail-how-iot-is-transforming-the-retail-industry/214543/

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What is Internet of things (IOT)? IOT is the interconnection via the Internet of computing devices embedded in everyday objects, enabling them to send and receive data. For example, retailers use this internet of things to promote their business and to make their business looked unique and attractive. Customers would probably looking for different things in any shop and will buy anything that is cheaper and rare.
Reference:
What is the internet of things?|IoT  Definition & Meaning. (n.d.). What is the Internet of Things | IoT Definition & MeaningWhat is the Internet of Things | IoT Definition & MeaningWhat is the Internet of Things | IoT Definition & MeaningRetrieved from https://www.google.com/search?ei=FILqW_uRCJG99QPPyqe4Cg&q=definition+internet+of+things&oq=definition+internet+of+things&gs_l=psy-ab.3..0i71k1l8.12513.12513.0.12821.0.0.0.0.0.0.0.0..0.0....0...1.1.64.psy-ab..0.0.0....0.HC8Udrj0TD0

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security issue :
There is continuously the plausibility of programmers breaking into the framework and taking the information. And one might need a few individual space in life. So remaining associated with family and companions continuously giving them each detail of our life movement isn't  great. There's each plausibility of abusing your information.
Control of life:
Our lives will be totally taken care of by innovation and will be subordinate on it. The more youthful era is as of now dependent to innovation for each small thing and going towards a sluggish environment. Unemployment :
The Mechanization of IoT will have a annihilating affect on the work prospect of less taught specialists. individuals who are working in lower like Security protect, House worker, clothing benefit may have misplaced their occupation.

reference:   Nanda, S. (4, July). Advantages and Disadvantages of an Internet of things(IoT) | Varistor Blog. Retrieved from https://www.varistor.in/blog/the-advantages-and-disadvantages-of-internet-of-things/

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Customer Experience is playing an extremely vital role for connected devices. Smart User Experience is taking the front seat and Smart Technologies are driving this wave forward. Such technologies are always aware of their surroundings and can sense the changes in their circumstances. Based on this analysis, measures can be executed to enhance functionalities accordingly.

Michael Porter, a renowned American academic, pegs this as the ‘third wave of IT-driven competition’, one in which IT and connectivity become an integral part of the smart product.

Smart User Experience via the right interface enables companies to come up with product iterations that continuously drive up the engagement factor and enhance the Customer Experience for IoT.

So if you are planning to give a phenomenal customer experience for IoT products, you need to take a comprehensive look at how you design an IoT device since it will dictate the way in which users interact with your products!

REFERENCE:  Technologies, C. (2018, July 5). 6 Ways to Enhance Customer Experience for IoT Devices. Retrieved from https://medium.com/iotforall/6-ways-to-enhance-customer-experience-for-iot-devices-5305171a7252

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Turn anything, from a pill to an aeroplane, into part of the IoT. This adds a level of digital intelligence to devices that would be otherwise dumb, enabling them to communicate without a human being involved, and merging the digital and physical worlds.

REFERENCE:  Ranger, S. (2018, September 19). What is the IoT? Everything you need to know about the Internet of Things right now | ZDNet. Retrieved from https://www.zdnet.com/article/what-is-the-internet-of-things-everything-you-need-to-know-about-the-iot-right-now/

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The purpose of the IOT is to give humans superpowers. At its most basic, the internet of things (IOT) is a network of connected physical objects embedded with sensors. IOT allows these devices to communicate, analyze and share data about the physical world around us via networks and cloud-based software platforms.

Reference:

Internet Of Things | Mitsubishi Heavy Industries. (n.d.). Retrieved from  https://www.google.com/search?ei=yITqW8C3HZe99QP-yKm4Bw&q=the+purpose+of+iNTERNET+OF+THING+IN+RETAIL&oq=the+purpose+of+iNTERNET+OF+THING+IN+RETAIL&gs_l=psy-ab.3...3122.10643.0.10895.0.0.0.0.0.0.0.0..0.0....0...1.1.64.psy-ab..0.0.0....0.eg4DxJiAqqU

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BLURRING THE LINES BETWEEN ONLINE AND PHYSICAL STORES
Statistics for 2015 haven't yet been compiled, but experts estimated that last year would produce $279 billion in online shopping revenue, according to The American Genius. Brick-and-mortar retailers have to make up for the revenue they lose to online shoppers, which means creating a shopping experience that bridges the gap between the real and the virtual.

For instance, many apps allow shoppers to compare prices between online retailers and physical stores. The IoT will allow businesses to integrate their brick-and-mortar and online stores to give shoppers the ultimate flexibility in how they buy the products they want.
Reference:
Charlie,K. (2016, August,1).

How the Internet of Things is Transforming Retail.

Retrieved from  https://www.losant.com/blog/how-the-internet-of-things-is-transforming-retail

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IOT that stance for Internet Of Things refers to a network comprised of physical objects capable of gathering and sharing electronic information.  It is also a can be connecting wirelessly to a network and have the ability to transmit data.  Iota rev really good in make people life’s easier to do their work. This thing can save costs by tracking inventory, managing machines, and increasing efficiency.

References

Kurt, D. (2017, November 8). Internet of Things (IoT). Retrieved from https://www.investopedia.com/terms/i/internet-things.asp

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Privacy & security

In today’s tech-driven world, each and every device that an individual uses is connected via the internet. This increases the risk of any leakage of data that might be important. This is a major drawback of sharing information, as confidential information might not be safe & could be hacked by third parties easily.

Complexity

A diverse network that connects various devices is what we call IoT. A single loophole can affect the entire system. This is by far the most complicated aspect of the internet of things that can have a tremendous effect.

Lesser jobs

With every task being automated, the need for human labour will reduce drastically. This will have a direct impact on employability. As we head into the future of IoT, there will be a visible decline in the hiring process of professionals.

Dependability

We may not notice it, but we are witnessing a major shift in technology and its implementation in everyday lives. There is no doubt that technology is dominating our lifestyle, reflecting a human’s dependability on technology. In case of a bug in the system, there are high chances of every related device getting corrupted.

REFERENCE: Advantages and Disadvantages of Internet of Things! - RedAlkemi. (n.d.). Retrieved from https://www.redalkemi.com/blog/post/pros-cons-of-internet-of-things

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The Internet of Things is a topic of technical, social, digital machines, objects, animals and also an economic significance. It is a physical object that can connect to the Internet. It also can be a fitness tracker, a lock or appliance. You just imagine shoes that track your heartbeat and can flag potential health problems. You don’t have to imagine because of these “smart” shoes already exist.

Reference:
Internet of Things (IoT) | Internet Society. (n.d.). Retrieved from https://www.internetsociety.org/iot/

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The Internet of Things is an amazing assistance for retail stores because it helps to keep track of a lot of things such as the amount of data that can be harnessed from devices. This would make it easier for retail store owners to track the items people are looking for and help promote their store easier. The Internet of Things help retail store owners to facilitate and enhance their everyday experiences. This helps customers to have a better lifestyle which in turn promote retail stores to others.

REFERENCES
Gilliland, N. (2018, April 30). How the internet of things can improve customer experience - Econsultancy. Retrieved from https://econsultancy.com/how-the-internet-of-things-can-improve-customer-experience/

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The retail stock technique is just precise if all evaluating in all cases is the equivalent and all estimating changes happen at a similar rate. By and large, this isn't reasonable in retail as a result of the numerous varieties that exist in stock estimating. For instance, deterioration, markdowns, item harm and robbery can influence the cost of the retail stock. Consequently, any counts made utilizing the retail stock strategy should serve just as a gauge.

REFERENCES
Bass, B. (2011, September 12). What Are the Advantages & Disadvantages of Using the Retail Inventory Method? Retrieved from https://smallbusiness.chron.com/advantages-disadvantages-using-retail-inventory-method-23136.html

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The role of the objects around us and how we interact with them is experiencing a notable ever since the focus has shifted to enhancing Customer Experience for IOT and enabled devices. Enhancing customer experience in IOT is playing an extremely vital role for connected devices with the internet. It also can personalize the interface and can think beyond the screen and this really helps the customers to have a better lifestyle which in turn promote retail stores to others.

Reference:
Enhance Customer Experience with the Internet of Things. (n.d.). Retrieved from https://www.the-cma.org/about/blog/enhance-customer-experience-with-IoT

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The  IOT which is human to device and human to human concept that can be applied for example at cashier in shopping mall.

Think Beyond Screens
As demonstrated by the above-mentioned illustrations, a fruitful technique for client encounter for IoT considers past the normal interfacing that are based around screens. A few ways to do typically to use the capabilities of sound, motions and instinctive developments rather than simply planning a screen based client interface.

Have A Broad Perspective
Whereas it is imperative to plan for the apparatus, you ought to moreover be beyond any doubt the broader picture and think from the viewpoint of the complete IoT ecosystem. Understanding how the apparatus will fit into this biological system is critical. Keep in mind that the innovative scenery nowadays is driven through screens and the UI of your IoT gadget can get effectively misplaced along the way.

Technologies, C. (2018, July 5). 6 Ways to Enhance Customer Experience for IoT Devices. Retrieved from https://medium.com/iotforall/6-ways-to-enhance-customer-experience-for-iot-devices-5305171a7252

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That is generated for IOT to enabled services and products will exceed $300 billion by 2020. There is going to be a vast amount of data that IOT will generate, and in today’s world, well-analysed data is extremely valuable. The impact of this will be felt all over the Big Data universe which, in turn, will force companies to quickly upgrade their current processes, tools, and technology to accommodate massive data volumes and take advantage of insights that will be delivered by Big Data.

Reference:
Enhance Customer Experience with the Internet of Things. (n.d.). Retrieved from https://www.the-cma.org/about/blog/enhance-customer-experience-with-IoT

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There is a lot of advantages about the IOT but do not forget there still have disadvantages which are there is a huge risk of leakage of confidential data, when sent over a network, with automation, the need for human labor reduce drastically and due to its complex network a single loophole can out the entire system down, affecting everyone. Therefore, any counts made utilizing the retail stock strategy should serve just as a gauge.

Reference:
Advantages and Disadvantages of Internet of Things! - RedAlkemi. (n.d.). Retrieved from https://www.redalkemi.com/blog/post/pros-cons-of-internet-of-things

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In the coming a long time, billions of associated gadgets will make a deluge of information. The address isn't whether you'll capture that data, but how you'll be able utilize an IoT arrangement to solve modern issues and upgrade your government administrations. Our unused White Paper, Finding Reason within the Web of Things, gives a system for your organization to saddle associated gadgets and inaccessible observing capabilities for vital benefits. Think of the scenarios where IoT real-time analytics can make and expand opportunities in your agency: Predictive support to make strides up time Smart metering Increase citizen engagement Smarter coordination for stock tracking

Finding Purpose in the Internet of Things. (2017, March 16). Retrieved from http://www.govtech.com/library/papers/Finding-Purpose-in-the-Internet-of-Things-76565.html

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The retailer nowadays also frequently using the internet things in order to make their business much better.
Time Constraints
The rolling out of IoT ventures can be a long and expensive try for businesses. Quick changes in innovation implies that companies run the hazard of any modern innovation framework getting to be out of date indeed because it is being introduced.

Regulatory Concerns
IoT executions are collecting expansive sums of information that might possibly be touchy or hurtful on the off chance that uncovered. This incorporates individual information almost representatives or clients.
Technical Requirements
In arrange for an IoT arrange to grant esteem to a commerce, it must work as a single, cohesive framework. From a specialized point of view, the reality is that IoT is frequently divided and needs interchangeability.

Risks and Disadvantages of IoT and How to Overcome Them - Nebula. (2016, November 11). Retrieved from
https://www.nebula.co.za/2016/11/11/risks-disadvantages-iot-overcome