{"id":723,"date":"2019-12-08T10:25:52","date_gmt":"2019-12-08T10:25:52","guid":{"rendered":"https:\/\/www.danielparente.net\/en\/2019\/12\/08\/4-big-reasons-retailers-are-racing-to-embrace-iot\/"},"modified":"2019-12-08T10:25:52","modified_gmt":"2019-12-08T10:25:52","slug":"4-big-reasons-retailers-are-racing-to-embrace-iot","status":"publish","type":"post","link":"https:\/\/www.danielparente.net\/en\/2019\/12\/08\/4-big-reasons-retailers-are-racing-to-embrace-iot\/","title":{"rendered":"4 Big Reasons Retailers are Racing to Embrace IoT"},"content":{"rendered":"

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According to Microsoft\u2019s recent IoT Signals Report<\/span><\/a>, the adoption of internet of things (IoT) solutions is continuing to escalate, with a projected nine-point increase over the next two years. This means that 94% of businesses will be using IoT by the end of 2021. And that includes retailers.<\/span><\/p>\n

Retailers are increasingly implementing IoT solutions<\/a> in countless scenarios to help them gain efficiencies, increase yields, and improve quality. Below I\u2019ve outlined four of the biggest reasons that retailers are rushing to adopt IoT.<\/span><\/p>\n

To see how IoT can transform your business, register for IoT in Action in New York<\/span><\/a><\/span>, <\/span>coming January 13, 2020\u2014space is limited!<\/span><\/strong><\/em><\/p>\n

1. Streamlining and gaining visibility into the supply chain <\/b><\/span><\/h3>\n

Supply chain optimization accounts for 64% of IoT use cases for retailers, according to the IoT Signals Report. IoT solutions are providing real-time transparency into where products are, shipping conditions, arrival dates, and more.<\/span><\/p>\n

With an OEM ecosystem that produces approximately half a billion parts every day, Bosch depends upon an efficient supply chain. According to Srinivasulu Nasam, GM \u2013 Center of Excellence: Cloud and IoT at Bosch, \u201cIt is imperative and essential for us to make sure that there is visibility of our parts and the parts are available, and our customers also know that the parts are available\u2026.\u201d <\/span><\/p>\n

To gain the visibility they needed, Bosch created the Trac360 solution<\/span><\/a> which leverages Microsoft IoT products. Trac360 enables real-time tracking of parts and shipments, providing end-to-end visibility, shipping transparency and traceability, real-time insights, and automated warehouse operations such as GPS tracking, notifications, and invoice processing. The solution has increased customer satisfaction and warehouse productivity while also reducing inventory costs.<\/span><\/p>\n