Innovative retail solution through real-time sensor fusion
The Internet of Things (IoT) is already having a significant impact on the retail industry and is providing tangible benefits for both consumers and retailers. Customers are receiving better in-store shopping experiences while retailers can differentiate with increased efficiencies that directly impact the bottom line.
The IoT allows retailers to instantly gather useful information during the customer purchasing period and unlock the power of insights within their businesses to scale better and address market
challenges.
The more recent introduction of edge computing – that is the concept of performing edge data processing and analytics as close to the physical edge devices as possible is enabling even more innovative retail solutions.
Retail Solutions
Operational Benefits
- People counting
- Predictive maintenance and environmental control
- Intelligent loss prevention
- Inventory and Supply chain optimization
- Power consumption monitoring and energy reduction
- Reduces integration costs and time
Technical Challenges
- Create a flexible open, vendor-neutral edge solution that enables interoperability between OT and IT retail systems
- Simplify the connection and management of different data sources (e.g. camera devices, RFID scanners, barcode readers, digital signage) and applications in a retail environment
- Reduces integration costs and time to market for new IoT solutions and products
- Enable device and sensor data to be ingested, normalized, aggregated, processed, analyzed, and results acted upon in near real-time
- Support a range of retail-focused use cases including people counting, line estimation, shift management, stock control, and point-of-sales
- Have an extensible platform and multi-application provisioning allowing a system to easily evolve as additional retail capabilities are deployed
Professional Services
Key Benefits of IOTech's Retail Software Solution:
- Homogeneity - Edge computing allows for the leveraging and integration of new technologies and IoT devices such as interactive displays, scanners, IP cameras, RFID systems, and more.
- Interoperability - IOTech’s Edge Central platform is a key enabler for retail, providing an open framework that enables interoperability between heterogeneous IoT devices and applications at the edge.
- Future-proofing - Edge Central provides a futureproof and vendor-neutral open platform that helps prevent lock-in to specific technology choices, significantly reducing integration costs and time to market for new IoT-enabled retail solutions
Questions about our retail edge solutions?
Customer Example: Intel Use Case – Open Retail Initiative
Challenge: How to reduce stock loss and fraud at self-checkout facilities across stores by collecting and analysing data from multiple technologies.
Solution: IOTech Edge Central platform is a key enabler for integrated retail solutions, providing an open framework that enables interoperability between multiple retail devices at a self-checkout including scanners, scales, and security cameras. Edge Central provides a future-proof and vendor-neutral open platform that helps prevent lock-in to specific technology choices, significantly reducing integration costs and time to market for new IoT-enabled retail solutions.
Benefits: Increased revenues through lower fraudulent stock loss and better ROI of existing technology investments.
