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Retail outlets have already begun exploiting the possibilities of current breakthroughs in technology by implementing real-time inventory tracking, just-in-time supply chain methods, etc. New technology spawning from existing ideas, such as NFC, Bluetooth Beacons, etc. complement existing ones like RFID and create a whole slew of possibilities for the retail segment.

And it’s not just the backend of these stores that are IoT-enabled. Some have gone even further to allow customers to plug into their WiFi networks and track the customers’ behaviour to streamline the process of pushing offers, related products, etc. and at the same time gaining more visibility on social media with customers’ posts and status updates.