Retail IoT software provides assistance with configuring, managing, and monitoring internet of things (IoT) devices being used throughout a retail environment. Smart technology allows retail managers and store owners to optimize resource usage, reduce costs, and improve conditions for employees and customers, while generating valuable data related to store operations and visitors. Retail IoT solutions may include unique hardware or assets that are specially designed for use in these areas. In some cases, these IoT solutions sync with other connected devices that are preconfigured for IoT or that are connected using third-party sensors.
Retail IoT software may offer features of or integrate with other IoT-related software solutions, such as IoT platforms and IoT device management software. A number of these solutions may also offer features similar to those provided by retail analytics software, retail operations software, and retail business management software, and may integrate with these tools to share data and form a unified approach in retail asset management and store optimization.
To qualify for inclusion in the Retail IoT category, a product must:
Sync with IoT-enabled retail assets such as customer displays, security cameras, and inventory shelves
Assist with some combination of asset tracking, device configuration, remote access/control, and data generation
Integrate with IoT networks and software solutions to enable intelligent functionality and device workflows