By Hinkmond-Oracle on Nov 06, 2015
Levi's and Intel are teaming up to use IoT to track retail inventory in some Levi's clothing stores. That's one way for the Enterprise side of IoT to really take off. And when jeans are being taken off (of the shelves by paying customers), that's a good thing.
Here's a quote:
While improving inventory management through IoT strategies might seem appealing to some retailers, avoiding inventory inaccuracy can be just as important. A study conducted by GS1 US and Auburn University’s RFID Lab found that 63 percent is the average for inventory accuracy. The lower that accuracy falls, the more likely the retailer is to run into supply and delivery issues.So, watch IoT in the retail space as it develops, since it would be an easy thing to connect IoT sensors to store items and send the data to an IoT Cloud Service, just like the Oracle IoT Cloud Service, to have IoT data feed into existing business apps, and for enterprises to make more money.