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Examples on How to Enrich Customers Service Using IoT.

There are several examples of how the Internet of Things (IoT) can help to enhance the customers. One of it is that IoT can help the communication between the seller and customers become more efficiently. By efficiently, it means that customers can understand more about their desire and needs, make personalized offers that quell frustration and reward royalty. Plus, customers can be notified when a package will be arrived by using the method of IoT.

Next, never cross the boundaries of a privacy. Seller needs to be mindful of the perceptions and preference of a customer. Sending of communication with a customer through an app is mostly affective and appropriate especially when it involves the opportunity of up-sell.

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Internet has become a worldwide phenomenon since it has been introduced to the world. It has contributed to the world in various fields such as education and business. Focusing on the field of business, nowadays majority of the retailers grab the opportunity of the internet by using the capability of it in order to enhance the customer experience by creating the internet of things (IoT). One of the contribution of IoT is in terms of the rearrangement of the store layout. Through applying the IoT, the retailers are able to track the journey of customers  in a store. Hence, the retailers are able to identify the products that the consumers tend to purchase and rearrange the position of products such as placing the preferred products at the front rows in order to help the consumers saving their time and energy to find the  products.

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Internet of Things is now has become a very inevitable and important things in the current time. In context of communication, IoT system expands and encourages machine to machine communication. As for information,  IoT systems have allowed a greater flow of information whereby in return allows people to make better decisions. In business, IoT systems would be proved to be something advantageous for businesses, it allows them to supervise consumer trends and respond to the demand changes in a timely manner.
You may refer to the following video
https://youtu.be/csGl8poKBzE

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An increasing concern regarding Internet of Things is the users' over-reliance on technology. We  have seen this a lot lately in this generation. Many are very reliant on technology and internet for about anything there is, whether it is related to information sharing, shopping, research, and many more. This over-reliance habit is not healthy. The same goes when it comes to e-commerce. If customers were to become over-reliant on online shopping, they are discarding the conventional shopping experience by going to stores to buy things personally. Besides that, they are also exposing themselves to the possibility of being scammed online.

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internet of things is now useful in doing retailing affair because everything is at ease nowadays. First and foremost, it is easy to access as to market it through online. In the other hand, you can even widen your market potential and promote it online. The most important is you can also reduce overheads to remove the need for expensive retailing premises.

Source is retrieved from:
https://www.nibusinessinfo.co.uk/content/advantages-and-disadvantages-online-retailing

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I found this neat video about how Internet of Things work. Try have a watch! It's very impressive information of what a milestone technology is and what wonders it had brought to us nowadays. Through this, you'll learn that technologies in our daily life go a long way and are all connected to the internet which is then transmitted to other devices in order to sustain and assist our daily life. Through usage of Internet of Things, it can also ease shoppers and retailers in doing business. But before using it, one must understand first understand it. Therefore, click on the video below.

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Internet of Things (IoT) | What is IoT | How it Works | IoT Explained | Edureka

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The advantages of E-commerce vs Traditional ret

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The advantages of E-commerce vs Traditional ret

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In the recent era, many of shoppers from all over the world tend to buy everything through online and E-commerce has become something popular if we do notice about its presence in our daily lives.First, E-commerce may overcome the geographical limitation and it is lower costs compared to the traditional retails. Then, it provides comparison shopping and the price is rather cheaper as we could get a lot of discounts after sale. Lastly, it's cashless and we just click the online banking to proceed the payment through it.

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I have another example of internet of things that I would like to share too. It is about smart air conditioning which is super awesome! Through this, you can control the temperature of the room easily through your phone. Therefore, even if you are not home yet, you are able to turn on the air conditioner, to whatever temperature you desire even when you are still on the road heading home! This is also applicable when you have gone out from home and forgotten to turn it off. I believe if retailers start marketing these services, it would be a sure hit to the customers.

I found one company that is selling these. Here is the website to their company:
https://sensibo.com/

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Instead of we use the cash or money, there's another alternative to make payment especially if we don't bring along our cash with us, paypal can be among the best replacement whenever you go locally or abroad. The usage can be a lot of similarities towards the online banking but in this matter it's somewhat akin to digital money and best to be defined as e-wallet stuff.

Source: https://www.paypal.com/us/smarthelp/article/what-are-the-benefits-of-using-paypal-faq3704

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Disadvantage 2 - Loss of Job and store foreclosure. 

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Disadvantage 2 - Loss of Job and store foreclosure. 

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Yes, it is true that with IoT and e-commerce especially, it has made customers' lives easier as they are able to shop conveniently and anytime. However, it is saddening to think that many stores have begun to shut down and workers are being laid off. This is due to customers' preference for online shopping rather than going to the stores. As for the stores which are long established, they are forced to go out of business. The internet of things being established “will have a devastating impact on the employment prospects of less-educated workers” (Schumpeter, 2010).

One example of this sad phenomenon is the franchise Toys r Us that went into bankruptcy due to this. I'll add the link below.

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Toys 'R' Us is reportedly set to file for bankruptcy just ahead of the busy holiday shopping season.

The Wall Street Journal first reported a filing from the toy retailer could come in the next few weeks.

Other reports said some vendors are demanding cash on delivery for products amid reports of efforts to refinance some $400 million in debts and concerns over a bankruptcy filing.

Toys 'R' Us, which was purchased for $6.6 billion in 2005 by private equity firms KKR and Bain and real estate investment trust Vornado, has not confirmed the reports. Sources said bankruptcy is among the options but a final decision has not been made.

The filing is just the latest blow to an already-struggling retail market, which has seen national chains such as Sears, Kmart and JC Penney announce closures and bankruptcies from Gymboree, Payless, The Limited, Radio Shack, hhgregg and Gander Mountain.

A bankruptcy filing by the New Jersey-based chain would come at a precarious time for Toys 'R' Us and for holiday shoppers.

According to CNBC, the fourth-quarter holiday period accounts for about 40 percent of Toys 'R' Us $11.5 billion in annual sales. Its revenues have declined in recent years due to competition from Walmart and Target and online retailer Amazon.

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Toys 'R' Us bankruptcy: Retailer reportedly considering filing ahead of holiday season

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Toys 'R' Us is reportedly set to file for bankruptcy just ahead of the busy holiday shopping season. The Wall Street Journal first reported a filing from the toy retailer could come in the next few weeks.

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6 Examples on How to Enhance Customers Experience Using IoT.

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6 Examples on How to Enhance Customers Experience Using IoT.

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The first example on how to enhance a customer’s experience using IoT is by exercising clean designing. In details, a coffee machine that provides an interactive menu with quick recipe for different types of coffee will be function much better. Next, by introducing smart automation. For a product, it is not only on how it looks and feel but also regarding on how it is functioned. By using IoT, it can enable device to be equipped with a number of sensors. It can easily capture a data of a certain product like temperature, faces, air moisture, weather and motion etc.

Aside from that, there is also personalize the interface. The smart interface designing in IoT can able the users to personalized according to their preferences. For instant, the Pop Home Switch by Logitech. The users can quickly customize the switch in order to take control of the smart devices of the house. Another example is, thinking beyond screens. A customer experience for IoT thinks beyond the usual interfaces that are based around screens. One of the ways to do this is to leverage the capabilities of sound, gesture and intuitive movements instead of simply designing a screen-based user interface.

Next example, having a broad perspective. Understanding how the appliance with the eco system is very important. The IoT device should be able to easily integrate with the existing ecosystem, not end up creating one on its own. The last example is design for engagement. The more the user interacts with the IoT system can optimize itself accordingly itself accordingly to drive maximum results.

Retrieved From: https://medium.com/iotforall/6-ways-to-enhance-customer-experience-for-iot-devices-5305171a7252

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Enhance Customer’s experience with the Internet of Things.

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Enhance Customer’s experience with the Internet of Things.

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One thing about marketing is to understand the customers behaviors and needs and to address those behaviours and needs. A device can be classified into 3 things which is as a media, as a service and as a device that connected to each other. In marketing, information is very essentials to give to customers thus IoT can help the customers to interact with the supplier more efficiently.

Retrieved From: https://www.the-cma.org/about/blog/enhance-customer-experience-with-IoT

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4 ways IoT can help to Enhance Customers Experience.

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4 ways IoT can help to Enhance Customers Experience.

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The first one is monitor and improves experiences with company offerings. Customers already using a brand’s app in a mobile to expect the venues such as the Boston Red Sox Fenway Park. Second example is, personalize each situation for the customer. Customers expect their IoT device to refine and adjust the services and capability based on the real-world context.

Next, automatically improve and learn over time via updates to products and services. Business are gathering IoT data from their products to analyse customers experiences and learn to improve. Lastly, reinvent product access and purchases. Firms are creating new products and offerings.

Retrieved From: https://www.techrepublic.com/article/4-ways-iot-can-improve-the-customer-experience/