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One year ago, I wrote the first part of this article: "Who need an IoT Analyst?". In this first part, I classified the different types of analysts who are involved in one way or another in the Internet of things (IoT).

In this second part, I will address the special case of analysts specializing in IoT Platforms. For them, I have created 4 categories of IoT Platform Analysts (The Powerful, the Specialists, The Opportunist and the Intruders) and then I ranked them following two high level criteria: Technical Experience criteria and Business Experience criteria.  The level of influence is a subjective value based on my own research and perception.  Likewise, the position in terms of technical and business criteria is also subjective. As usual in these graphics some will feel comfortable and I will receive critics from others. Nothing new under the Sun.

Let us start for the Powerful category:

The IoT Platforms Powerful Analysts' Firms

We will never remove at 100% the shadow of doubt flying over the reports and recommendations that prestigious and powerful firms like McKinsey, Gartner, IDC or Forrester continue to publish. But it also true that these multinational companies count with great analysts and they have the contacts with the right people in the Big IoT platform vendors, so they can get not only marketing info but strategic info from these vendors that is nearly impossible to get for others.

Not all the Powerful always agree, just read the Forrester reports of Q4/2016 and Q4/2018 and compare with Gartner report 2018 or IDC report 2017 to see the differences and the reasonable doubts for customers that only read these reports.

In Forrester reports from 2016 and 2018 we see some leaders maintaining their positions while other companies are losing moment, or they are not anymore in the picture.

Surprise even more if you see the Gartner graphic below with no leaders and most companies in the Niche players segment.

Finally, in the IDC Marketspace IoT Platforms picture dated in 2017 we see that Microsoft, PTC and IBM repeat as Leaders but new companies are included. No Contenders neither participants are interested for the guys of IDC.

Recommendation –  In terms of methodology and scope the reports of these Powerful analyst is not so bad, but they lack the in deep analysis firms required for a customer to take a final decision. These reports are valuable to shortlist candidates in RFIs/RFPs and of course the report is an excellent sales tool for companies that appear in the picture. My recommendation is used it for a first filter.

The IoT Platforms Specialist Analysts' Firms

Some of them started with the M2M market and have evolved to the IoT in a gradual way, without losing its essence like ABI Research, Berg Insight, Beecham Research, Harbor Research. Others like MatchManation or IoT Analytics, however, focused from the beginning in the IoT platform market analysis.

The populated market of IoT platform vendors and the need of these startups for brand recognition with low cost marketing, have made it bloom IoT platform specialist analyst firms offering their services.  Their suspense sales strategy can be annoying. Go discovering who is who is not easy and put all the tracks together is expensive. Some examples below. Nevertheless, I want to thanks to some vendors included in the report that allow download partial reports.

Recommendation - The reports of IoT Platform specialists will help us discover some jewels that the Powerful have overlooked or have not wanted to pay to appear in their famous reports. I do not like how these companies use a game-strategy offering partial pictures or partial reports through their most valuated clients or generic pictures with no names. I believe they need to be courageous and present graphics will all companies’ logos. Otherwise they will be continuing in a niche market that soon will be owned for the Big Players.

The Opportunistic Firms

These analyst firms want to take advantage of the IoT platform moment. Companies such as Navigant, IHS market, 451 Research or Constellation Research have published reports on this topic.

Recommendation - I find their IoT reports useful from a vertical or an individual vendor analysis.

The Intruders Firms

There are other firms (The Intruders) that in my opinion are aggregators of content. Companies like Markets and Markets or Data Bridge deliver big reports with excellent pictures, tables and infographics.

Recommendation - Sometimes they provide for free a Table of Contents with dozens of tables, and a list of dozens of IoT platforms info but I am afraid that in 1 page per platform the info sounds irrelevant for take a decision. They facilitate the multi search in Google to identify IoT platform vendors.

Note: I have not included in this article Universities that produce very interesting to read reports including more granular technical criteria than most of the powerful or specialist analyst firms. 

Key Takeaway:

Recommending a client an IoT platform is a very delicate matter. The IoT platform will play a key role in the execution of its IoT strategy. Giving good advice on the choice of these platforms requires a lot of time and dedication with the client to understand their objectives, identify their use cases, know their organization and their IT / OT systems.

The reports of the analysts of IoT platforms, both those of the Powerful and those of specialists help to make a first filter and to select 3 or 4 vendors that best adapt to their needs. Thereafter, these finalists need to be analyzed in greater depth. That is why I decided to create our IoT Platforms services, which have been so successful and well received by our customers.

We value positively that this combination of IoT Platform vendors and IoT platform analysts exists. The Powerful ones help them as always and the small ones help them in their efforts to be noticed in a technological world as little democratic as the present one.

Thanks in advance for your Likes and your Shares.

 

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Those who regularly read my articles know that I like movies and TV series. Just remember my article "About IoT Platforms, Super Powers Methodology, Superheroes and Supervillains".

This time my article is dedicated to the two trilogies: Jurassic Park and Jurassic World (the latter still pending the third movie).

 

Have not passed millions of years since the appearance of the first telemetry species and their evolved cousins of Machine to Machine (M2M.) But the tempo in technology is measured differently. The unit of time here has to do with Gartner Hype Cycle. For Gartner the technologies pass quickly from Innovation Trigger to Productivity. Companies that want to appear in Gartner´s  Magic Quadrants have to adopt successfully these technologies or are condemned to  disappear.

 

Large companies that have been in the IT world for more than 15 years seem like dinosaurs and they themselves are afraid of disappearing because of a meteorite (IoT metaphorically).

 

In this article I present some technology companies that we could consider as dinosaurs and that are undergoing a cloning (transformation) to adapt to the new world of the Internet of Things (IoT), Artificial Intelligence(AI) or Blockchain.

 

As usual in this type of articles, the included companies and the classification is subjective. Therefore, not all dinosaurs are represented (47 species of cloned animals have been portrayed in the novels and films) nor all companies can feel be represented by the dinosaur that I have chosen for them.

 

Welcome to my Jurassic World of IoT.

The threats to these cloned dinosaurs are constant. Despite its size and strength many predators lurk to take down these giants (Uptake digital safe package over GE Digital).

Some species go in packs (Google and Ayla Networks or Microsoft and Electric Imp) to survive and others seek alliances with other cousins giants (Rockwell to take $1 billion stake in software maker PTC) the best way to reign in its territory.

 

There are also dinosaurs in the WestWorld of the Telcos and in the world of Industrial companies that are adapting or cloning, but that is another story.

 

Your comments and suggestions can vary my Jurassic World table of the IoT.

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With literally hundreds of IoT platforms on the market, how do you know which ones to add to your short list? As a rule of thumb, an IoT platform should connect to Things, manage their identity + security, collect data, store, manage, analyze and visualize that data, integrate with enterprise systems and take action on insights. 

In this podcast, Rob Tiffany walks you through these minimum requirements to help you make an informed choice.

http://theinternetofthings.io/iot-podcast-8-what-to-look-for-in-an-iot-platform/ 

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Despite the great promise of IoT to improve business and society, many think it’s being held back due to complexity and the associated lack of required skills to make it a success. Is it possible that the antidote to this complexity and skill shortage problem lies in the existing open standards and technologies that comprise the World Wide Web? In this podcast, Rob Tiffany makes the case for using existing W3C standards to power the Internet of Things.

Check it out at https://theinternetofthings.io/iot-podcast-can-the-web-save-the-internet-of-things/ 

-Rob

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The internet of things is huge right now. Where is it headed? What is the future of IoT? Take a look at our infographic to understand what exactly the internet of things is and some intriguing statistics on where it is headed.
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Security systems installed in a typical facility consists of cameras, access control, intrusion sensors and fire alarms. Typically, these devices are places behind a firewall on a dedicated network. Building control systems are installed on a secondary network can contains lighting, HVAC, fire protection, elevators/lifts, chillers and air/moisture sensors. These systems serve their purpose and will continue to be adapted and make facility systems design more complicated. This complexity can be controlled using common development tools and platforms. Not only will this approach make the process of creating smarter, safer, more energy efficient systems but will also reduce the number accidental deaths and injuries that occur every year.

 

The redundant network design approach is not a very efficient nor cost effective way of operating a facility. This is starting to change as savvy building managers are making the decision to integrate security and building control systems and map them onto a single network. This can entail integrating multiple disparate systems, sensors, NVR devices and video management software. The concept of integrating a camera or access control system to an HVAC system, or a visitor/facility management system or edge recording device to a lighting or fire protection system may seem unusual to some. Yet, this is where many security systems integrators and manufactures are missing out on untapped applications and services opportunities. Modern integrated security and building systems can give facility managers and security directors the tools to improve, simplify operations and reduce the efforts of the operations staff and points of control teams.

 

In the past, the security industry has relied on it’s own approach to integrated systems know as physical security information management (PSIM). PSIM attempts to provide an open architecture to integrate multiple security system products into a single operating platform. This approach has been very hit-or-miss and has left a bad taste in the mouths of systems integrators and end-users. On the flip side of the coin, facility managers have their own integration platform known as a building automation system (BAS). As it relates to physical security, BAS systems are intended to integrate with PSIMs and control individual security systems. However, BAS systems come in many different flavors; many of them are not viewed in a glowing light by building operation end users. Past integrations are not all filled with doom-and-gloom. There are some successful integrations attempted by the collaborative efforts of building controls and physical security organizations. The question is why is this design practice not more common where the benefits and economics make sense?

 

In order to facilitate the adoption and implementation of an integrated system the use of open standard protocols is an absolute must. The building automation industry created BACnet and LONworks which allow for real-time remote connectivity between sensors, actuators, controller devices and software. In the case of LONworks, hardware manufactures have the ability to include a chipset with built-in building control system support. It took some time, but finally the security industry created the protocols ONVIF and PSIA. These open architectures allows the end-user to choose vendors selecting either security or BAS equipment based on features and price. The end-user can also decide to install partial system upgrades without the risk of making costly investments in obsolete legacy systems. With that said, The security industry is curious about implementing the building controls protocols but needs an easier way to integrate them into their hardware and software products in an ad-hoc applications based manner.

 

There are security directors that are not completely sold on the idea of integrating with building control systems. On the other hand, facility managers may question the benefits of sharing a network with security systems especially when functions do not overlap with life-safety systems. However, system integration between building controls, physical and now cybersecurity offers more than just staffing convenience and operational efficiency. Here are a few results from a truly integrated security system.

Faster Response to Incidents – With the use of a robust mobile software solution and integration approaches such camera-to-access control-to-lighting or HVAC staff members can be freed from a console which makes them readily available to respond to incidents or equipment failure.

Provide more accurate compliance reports – Data provided by building controls and security edge devices can be paired with artificial intelligence technologies such as neural networks and genetic algorithms. This helps facilities to comply with government regulations with regards to security.

Reduce accidents and save money – Integrated systems provide better control of building and security systems. For example, if some accidentally stumbles into a restricted area or manages to make it to overly heated or chilled area the access control system, Variable air volume (VAV), or other HVAC system components can send alerts and create historical trend reports. Also a single network architecture can make managing system components easier.

 

Integrated building control and security systems are gaining some traction. However, it is still not a mainstream approach among many manufactures and systems integrators. One proposed solution is to utilize a common platform that is utilizes the industry protocol standards as application and system component building blocks.

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The dream of making money with IoT, AI and Blockchain

Have you ever think about how could you make money with the Internet of Things (IoT) or Artificial Intelligence (AI) and of course with Blockchain?  What would happen if you could use the three of them in a new business model?.  Apparently, Success, Success and Success.

In the next sections I provide information of some business models implemented with these three technologies.

IoT Business Models

As IoT moves past its infancy, certain trends and economic realities are becoming clear. Perhaps the most significant of those is the realisation that traditional hardware business models just don’t work in IoT. Take a look at “The top 5 most successful IoT business models” that have emerged as particularly effective applications for IoT.

If any of you is building an IoT product, this article ” IoT Business Models For Monetizing Your IoT Product”  show how to make money with IoT.

Zack Supalla, the founder and CEO of Particle, an Internet of Things (IoT) startup, suggest “6 ways to make money in IoT”.

Finally, in “How IoT is Spawning Better Business Models” we can read three ways companies like Rolls Royce, Peloton, MTailor or STYR Lab  was rethinking their business model and have created revolution in the marketplace. 

Blockchain Business Models 

It sounds repetitive, but yes "Blockchain technology may disrupt the existing business models”. The authors´ s findings concerning the implications of blockchain technology for business models are summarised in the following picture.

 

Do you think that blockchain will likely to cut into big-players’ revenues? Then, this article: “New Blockchain-Based Business Models Set to Disrupt Facebook and Others”, is for you.

If you are ambitious and you are planning to build a viable business on blockchain, then read “Building an International Business Model on Blockchain”.

I am also an advocate of the coming era of decentralization (at least in my most optimistic version) and Blockchain is a step more to create value when the End of All Corporate Business Models will arrive.

AI Business Models 

Companies from all industries, of all shapes and sizes are thus faced with an important set of questions: Which AI business models and applications can I use ? And what technologies and infrastructures are required?.

It seems that we all are convinced that artificial intelligence is now the most important general-purpose technology in the world that can drive changes at existing business models. Not surprised then, that  AI is Revolutionizing Business Models.  The “data trap” strategy, that in venture capitalist Matt Turck’s words consists of offering (often for free) products that can initialize a data network effect. In addition, the user experience and the design are becoming tangibly relevant for AI, and this creates friction in early stage companies with limited resources to be allocated between engineers, business, and design.

This article introduces  some good examples of AI business models :

New Business models with the intersection of IoT, AI and Blockchain

With IoT we are connecting the Digital to the Physical world. Connected objects offers a host of new opportunities for companies, especially in terms of creating new services. The amount of data generated by the billions of connected objects will be the perfect complementary feed to many AI applications. Finally, blockchain technology could be used to secure the ‘internet of things’ and create smart contracts in a decentralized infrastructure that boost the democratization of technology and creation of sustainable communities.

You must remember that new business models that include IoT, AI and blockchain need among other characteristics: Volume and Scalability. Volume of devices, Volume of data, Volume of customers, volume of developers and powerful ecosystems to escalate. 

Good luck in your search and implementation of your new business model.

Thanks for your Likes, Comments and Shares

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Too much time waiting for the IoT year

After years of waiting for my wishes to finally come true that it was finally the year of IoT, I give up. There will be no IoT year. Other technologies are usurping the dubious privilege of leading the technology bubble. Blockchain and Artificial Intelligence are now much cooler.

As has happened on many previous occasions, the IoT will be replaced by other acronyms that will make you forget bad experiences and failed expectations. And with the new acronyms the illusions of those of us who continue to trust in the beneficial implications that the "new IoT" will bring to society will appear again.

Event Organizers were the first to notice the decline of IoT

The first to realize this situation were the organizers of IoT events. If a couple of years ago the weight of the new secondary on stage (Blockchain and AI) did not seem worrying to detract from the main actor (#internetofthings). Now they are the stars and the IoT is marginalized and surrounded by other technologies, badly hurt and melancholy.

Quo Vadis IoT events ?

Will IoT events disappear? Sure. Doesn’t matter if is in 2 or 3 years, but IoT only events will not make sense. In the last 3 months I attended several IoT events in London, Amsterdam, Madrid, Bilbao. I see a slow decline and transformation of #IoT events. Most of them do not satisfy my expectation. I am tired and saturated of see the same tired case studies parroted over and over again.

As my friend Rick Bullotta, I'd like to see some more innovative stories, some failure stories/lessons learned, some HARD FACTS about how long it looks to build, what it cost to build, return on investment.

Of course, we will continue seeing IoT companies, products and services in the Big Events like CES in Las Vega, MWC in Barcelona or Cebit and Hanover Messe in Germany or in industry specific events or company specific events like PTC LiveWorx or Bosch ConnectedWorld .  But the same way that we do not see today Internet events we will not see Internet of Things events beyond 2020. It will be a good sign because the Hype will have disappeared and the reality and the market will have been imposed.

                                                 Thanks for your Likes, Comments and Shares                  

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IOT

IoT stands for “Internet of Things.” Breaking down the phrase, we get two words Internet and Things. Internet stands for Interconnection of Networks. It was born in the late 1950s and was known as ARPANET. Experts say that the concept of IoT was taken with the ARPANET but, because of the lack of hardware and software support, it was tough to bring Internet of Things to the real world. Between 2006 and 2008 the first European IoT Conference recognized by EU. In this conference, experts talked about commercializing IoT. Finally, in 2009 CISCO was the first one to connect thing around us to the Internet. Later on, in 2009, companies like IBM and Ericsson also developed IoT solutions for the real world.

Smartphones were the first devices that connected people to the Internet even while roaming. This breakthrough came with the launch of the first iPhone. That is the first instance when IoT started impacting our lives. Since, then a wave has begun to flow across the globe to make everything around us, “smart.” The growth of IoT has been exponential since, 2009.

How IoT Affects Our Day-to-day Routine?

Our day starts at home and ends at home. IoT has reached to our homes and is spreading like wine. Households are getting smarter. Starting from the door from where we enter to the bed we sleep, everything is smart.

Smart Home

There are two types of Home Automation, semi-home automation, and complete home automation. Semi-home automation is where devices can do some of the daily tasks for us and have limited access to other gadgets of our home. Total Home Automation is where the gadgets have full access to the house.

Devices like Amazon Echo, Apple home pod, and Google home are capable of playing songs according to our mood, booking a cab, setting reminders, providing weather updates, making a call, controlling lighting, etc. and they do it via voice commands only.

The gadgets that we use daily are getting smarter as well such as IOT enable smart air conditioner, Fans and monitoring devices like gas meter, water meter, electricity meter, etc. IoT is also prevailing in security solutions for homes and offices. IOT enable Smart smoke detectors, motion sensors and intelligent bio-metrics database are already implemented in homes and offices.

Smart Vehicles

The automobile industry has evolved quite a lot when it comes to automation and safety. Automatic Gearing system and electronic parking system have changed the way we drove the car. Some of the examples of how automobile industry is facing change because of IoT are automatic emergency SOS message, automatic service booking, maintenance alerts, automatic fuel sign, Trip analysis, breakdown information, etc. If there is an ideal car having all the specifications mentioned above, then the owner of that car will save a lot of precious time which others cannot.

Environment Friendly

Internet of Things is helping us save the environment by smart gas detectors. These gas detectors are spread across the city which collects data of all kinds of hazardous gases and measures its density in each area of the town. Using this data, we can take the appropriate steps to reduce carbon emission in the city.

Smart gas detectors have the capabilities to detect even a small leakage which could destroy an entire city if not fixed in time. IoT has the skills not to improve our lifestyle but also to save lives and towns.

Smart Infrastructure

More significant the building higher is the maintenance cost. IoT helps to reduce the maintenance cost by suggesting the most effective solutions to maintain a building by measuring its condition time-to-time. IoT can also help reduce the risk of the data security breach at any level. It also protects the structure from fires.

Personal Health

Blood Pressure and Diabetes are some of the most dangerous diseases that kill slowly. The risk of such conditions has reduced to a fantastic level as people started using wearable techs such as smartwatches and fitness trackers connected to their smartphones. According to a GFK survey, one in every three people around the world wears a fitness tracking device. Some of the fitness trackers also track the sleep and send the sleep data to their smartphones. The app creates a detailed report using that data which user can access from anywhere provided the internet connection.

How will it benefit us?

IoT is making everything around us smart as mentioned. As these things will get smarter, it is going to replace humans in performing all the non-productive tasks hence, improving productivity. The tasks which we would have never imagined to do as humans are going to be accomplished by IoT.

Control Homes Remotely

Robots connected to the Internet will clean our homes whenever instructed regardless of our situation. With the help of IoT, monitoring will be extremely easy. We will be able to see and control our home from far away via an app. Although, staying away from home, IoT will make us feel as if we are at home.

Preemptive Vehicle Maintenance

Any vehicle needs maintenance. In our busy lives we might not always get time to provide proper maintenance to it. IoT will help us complete the tedious task. It will send the remainder to car service center for us to send the mechanic and service the car. With the help of GPS we can also track it live on our phones so, no chance of theft. IoT will also benefit at the time of emergencies. The system present in car will automatically detect the type of emergency and ask for the relevant help.

Save Environment

No one can deny the Climate change happening around the world. We cannot reduce the global warming but we can surely stop them with the help of IoT. Smart sensors help us collect and organize pollution data according to Country, state, city and area. We already have the ways to reduce pollution all we needed was “data.” IoT not only improves our lifestyle but also save lives.

Eco Friendly Buildings

The concept of energy efficient building is prevailing around the world. Such buildings are known as “Green buildings.” IoT can help us save energy that is consumed in big corporate offices and public places. That energy can later on be used at the time of crisis.

Healthier Lifestyle

All kind of wearable tech comes with GPS functionality and smart watches comes with Internet as well. Most of them has a panic button functionality through which we can alert our loved ones at the time of emergency. The heart rate sensor present in the fitness tracker tracks our heart rate 24x7 hence, it gives an alert to the nearest hospitals automatically whenever our heart rate deviates from the normal range.

Verdict:

Internet of Things has been impacting our lives since 2009 and is going to impact forever. The only difference will be that the impact will be much more than what it is today.

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As the Global PM and CTO for Lumada, it's been a rewarding journey to create a portable Industrial #IoT platform that could run at the Edge on a factory floor, in a train, inside a data center or in any hyper-scale public cloud.

This composable platform (use just what you need for your specific use case) combined with our revolutionary Asset Avatars (Digital Twins) that bring Lumada to life, is the very definition of "Visionary." I also want to send a big congratulations to our Visionary friends at PTC (ThingWorx) and SAP (Leonardo).

Our #Lumada #IIoT platform coupled w/ our IoT Hardware Appliance takes you from #Edge to #Cloud.

Thanks to all the Hitachi collaborators, colleagues and friends I was lucky enough to take this journey with.

Get a free copy of the Gartner report here:
https://www.hitachivantara.com/ext/gartner-magic-quadrant-for-industrial-iot.html

-Rob

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Today, retail stores are constantly focusing on leveraging the emerging technologies like cloud, mobile, RFID, beacons, etc., to provide connected retail services and better shopping experience to customers. For example, store owners are integrating sensors in the key zones of retail stores and connecting them to cloud through a gateway that enables real-time data analysis related to products, sales, and customers from these sensors.

Interestingly, IoT and connected technologies are taking the retail industry by storm. 96% retailers are ready to make changes required to implement the Internet of Things in their stores

IoT in retail can help retailers improve store operations, enhance customer experience and drive more conversions. Moreover, IoT can help retailers solve day-to-day problems such as tracking energy utilization, managing in-floor navigation, detecting crowded areas, reducing check out timings, managing product shelves, preventing theft, monitoring goods, etc. Let us how IoT helps in few of these scenarios.

 

 

In-Store Navigation with IoT-enabled Devices

Identifying in-store navigation is one of the common problems in retail stores. Here, IoT devices with integrated technologies like Bluetooth, Wi-Fi, magnetic positions and augmented reality, etc., can facilitate in-store navigation to help customers navigate through the store and find the desired product.

It gives customers a multichannel shopping experience through digitization of physical assets. In-store navigation also helps increase the path to purchase rate before a product stock outs.

Example:
Bluetooth low energy (BLE) beacons are small sensors placed strategically throughout the retail store. These sensors are equipped with Bluetooth smart technology and compatible with smartphones. This BLE beacon device sends out continuous radio signals to nearby smart devices in the range. Smart devices in that range catch the signal and trigger events such as availability of a new product or launch of a new offer. Further, that device sends a unique ID to cloud server. The server checks that ID and responds back, through which communication between signal and smart device is established using a unique ID. Almost all customers nowadays carry smart devices like mobile phones and tablets. If BLE is used, customers can be notified on their smartphone with personalized coupons and deals as soon as they enter the store.

The above solution improves customer’s in-store experience and also increases footfall ratio. It also facilitates quick product search and increases conversion rates while generating a powerful shopping environment that can help enhance product offerings and store layouts.

Energy Management with Smart Devices

Energy consumption is a major cost consuming factor for the retail businesses, be it in refrigeration, lighting, heating, air conditioning, etc. Using these energy sources efficiently can bring cost saving of up to 20 percent per year. IoT-enabled smart devices can help resolve problems of energy management and saving.

There are several IoT-based platforms that can log, monitor and beep alarms or alert the in-store personnel about temperature, energy usage, heating, gas leakage, electricity breakdowns, etc., with the help of integrated sensors. Using these smart energy management devices, store owners can directly interact with the controllers of refrigerators and retrieve prioritized information with the help of sensors.

Example:
Every year, a large retail chain attributes nearly $2B of loss to wasted or spoiled food, with issues relating to its legacy refrigeration system, accounting for approximately 15% of this total—or $300 mm. In case of emergency situations like powercut or excessive heating, alarms from the controllers of these refrigeration systems reach the operations team only after 5 or 6 hours, and there is no mechanism to provide warnings before these situations occur. Here smart refrigeration IoT device can provide cloud-based temperature monitoring solution to notify the controllers about emergencies using temperature sensors and mesh networking technology.

Theft Prevention with Geo-Fencing

The crime of shoplifting in the retail industry is increasing day-by-day, because retailers fail to provide sufficient attention to shoplifters. According to National Association for Shoplifting Prevention (NASP), more than $25 million worth of merchandise gets stolen from retail shops each day. Adding more to retailers’ loss is retail shrinkage, which includes shoplifting, employe theft, paperwork error, vendor fraud and many more.

To overcome the problem of shoplifting and retail shrinkage, retailers can use Geo-fencing technique.
Geo-fencing relies on the global positioning system or a radio frequency identification (RFID) tag that allows a store operator to create a virtual barrier or zone around specific locations in retail shops. When a customer tries to move product from the specific location, an alert is triggered and a message is sent to the store in-charge. Geo-fencing enabled in IoT devices or beacons can help retailers in a number of ways; from keeping goods safe, tracking customers and employee movements, managing company-owned resources to minimizing incidents of theft and loss.

Customer Engagement with Sensor-Enabled Shopping Carts

The sensor-enabled shopping cart is a technique adopted by most of the retail merchandisers. These shopping carts help retailers grow their business in every aspect by helping them visualize shopper’s flows by category/subcategory, understand the shopping pattern, analyze the dwell path, and enable faster checkout.

This smart cart design involves sensors with connectivity protocols around the cart, which have the ability to track the movement of the wheels and match up with the distance the cart has traveled. It helps retailers with an accurate data of shopping carts with the inside-store journey. The data from this cart can be sent to the server or to cloud for further analysis.

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