Digital twins can play a vital role in improving the customer experience by optimizing security implementation, in-store planning, and energy management. According to Challenge Advisory, a strategy consultancy, digital twins can play a significant role in enhancing customer service by designing a virtual model of customers.
Empty shelves, masses of customers in the store, and no supplies in sight: the night-mare of every retailer. Customers are not very tolerant of so-called “out-of-stock situations”, as they can also purchase their products through other channels.
The right security and privacy safeguards can help businesses realize the potential of IoT but how do companies know if their privacy and security safeguards are sufficient? IoT compliance certifications can help as standards evolve.
Amazon has thrown down the gauntlet to the classic retail trade with its “Just Walk Out” high-street stores. This scared traditional traders but, while China is mobilizing billions to compete, Europe is relying on its culture of regionally fissured markets that has grown over centuries. It is a weakness and a strength at the same time.
Smartphones, automation, and artificial intelligence are helping revolutionize how banks deliver services, but these technologies may also prove the undoing of the traditional players. Will today’s big banks retain market dominance, or will upstarts and apps fragment the banking sector?
The border protection industry is now on the cusp of seeing major new products and technologies appearing that could result in more secure and efficient borders for both passengers and trade.
Smart Industry asked two industry heavyweights to share their out-look on where the IoT industry is heading: Dr. Gunther Kegel, president and CEO of Pepperl+Fuchs and Frank Hansen, vice president for technical resources and marketing at Avnet Silica.
The use of advanced data analytics, powered by AI, is helping humanity to address climate change in an intelligent way.
Internet of Things (IoT) is much more than the verbiage describing the interconnectivity of many “smart” sensors and devices. IoT’s advocates argue that its real power of IoT.
The IoT company Telenor Connexion has investigated what impulses for sustain-ability will emanate from a networked economy. The new IoT Trend Predictions Report 2020 highlights the role the Internet of Things will play in the fight against climate change.
Semtech Corporation and EchoStar Mobile announced the launch of an initiative to test satellite IoT connectivity services enabled by the LoRaWAN protocol.
IoT-Specialists Kerlink and AIUT just completed the largest LoRaWAN network in Poland for water-supply monitoring and management. The companies combine Kerlink Wirnet gateways and AIUT’s sensors.
IoT network services operator 1NCE increases the maximum available data rates for cellular device IoT communication for new and existing customers from 128 kbit/s to up to 1 Mbit/s.
MS Mode, a European fashion brand under the umbrella of parent company Cool Investments, plans to increase inventory accuracy with an RFID-based solution that tracks goods at its 185 stores.
Raspadskaya, a Russian coal mining company partly owned by British steel making and mining group EVRAZ, has deployed an Orange Business Services IoT solution at its Russian coal preparation factory.
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