How IoT is transforming the retail industry in 2020?

GUEST AUTHOR | March 4, 2020

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The retail industry has experienced a rapid transformation in the last 20 years. And like other industries, the retail industry is also embracing the Internet of Things (IoT) technology for the innovative opportunities it offers. In fact, IoT has already been embraced in retail all around the world.  For instance, the IoT in the retail market has been increasing at a whopping 20% CAGR since 2015 and it is forecasted to reach $35 billion in 2020.  That being said, let’s examine the top 4 opportunities IoT technology holds for the retail industry in the year 2020 and how you can capitalize on them. Retailers that have embraced the IoT technology have already experienced benefits like reduced costs, improvement in overall performance, and enhanced customer experience.

Spotlight

Hotel Urbano

We were born to connect people to their dreams, leisure time and economy to quality of life, showing that traveling is possible. And you, you want to help us in this mission? Working at the Hotel Urbano is part of a team that loves what it does and does not get tired of overcoming challenges. We are a young company and we look for professionals with determination and determination, who want to build something big and grow together with us :-) Founded in January 2011, Hotel Urbano transformed the tourism panorama in Brazil and is today the leading online travel agency in Brazil. Country.

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