Impact Of IoT In Retail Environments
Order ID 53563633773 Type Essay Writer Level Masters Style APA Sources/References 4 Perfect Number of Pages to Order 5-10 Pages Description/Paper Instructions
Impact Of IoT In Retail Environments
Background reading example:
McKinsey estimates that the potential economic impact of IoT in retail environments will range from $410 billion to $1.2 trillion per year by 2025.
IoT can reduce inventory error, optimize your supply chain management, and decrease labor costs. Ultimately, IoT can help your traditional brick-and-mortar shop compete with today’s online-first shopping world, by exponentially improving customer experience and decreasing unnecessary expenses.
There are numerous IoT-related benefits to the retail industry, but here, we’ll hone in on the seven most important ways we think IoT will change retail in 2018.
IoT Applications in Retail example:
- Automated Checkout
- Personalized Discounts
- Beacons
- Smart Shelves
- In-store Layout Optimization
- Robot Employees
I put these contents to give the writer a general idea that my topic is about IoT in retail industry.
Important!!!
Topic: How is IoT (Internet of thing) applied on retail industry- especially on Grocery Store (you can change the grocery store to another area in retail as you like)
Marking scheme
Description of the technology and application context (20%)
Presentation of technological considerations (30%)
Consideration of opportunities and appreciation of limitations and risks (30%)
Clear research questions to study empirically OR detailed issues for organisation to consider (20%)
Content
This essay should be divided into Four parts:
-Description of IoT (Internet of Things).
-What is IoT and why it becomes important
-How it is related to retail industry
-especially how it is related to grocery store (I chose grocery store as the application, you can use another application area in retail industry if you find it is easier for you to write). =Description of application—grocery store
The technical details about how to apply IoT on grocery stores: eg: check out service, packaging, warehouse management, delivery etc.
The importance for grocery stores to use IoT (Find actual data to support your argument)
(This part is very important!!!)
Opportunities and limitations and risks in the application of IoT on grocery store (use annual report and literature review)
What else that need to be considered while implement this application.eg: government policies, different countries have different application issues etc.
Essay Sources:
Government reports / industry white papers
Academic literature
Probably limited in evaluating instances of the specific technology
Possibly very (too) detailed on technological implementation issues
Business literature
Variable quality about potential
Some evidence of risks and limitations of related innovations
Word requirement: 2500 words
Reference number: at least 15