Benefits of IoT in E-commerce Business | IoT App Development Services

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How IoT Plays a Significant Role in E-commerce
Sector
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• The E-commerce industry is witnessing
  unprecedented technological growth. With the
  ever-changing peoples lifestyle mainly driven by
  digitization, it has become essential for
  e-commerce businesses to leverage the latest
  technologies and enhance consumers shopping
  experience. However, when it comes to IoT or
  Internet of Things, this technology has created a
  buzz in the market. IoT-enabled devices exchange
  data with one another within a network that
  enables retail as well as e-commerce businesses
  to perform their operations seamlessly and
  efficiently.
• The retail investment on the IoT app development
  services has reached billions. The advent of IoT
  devices like a smart mirror that allows customers
  to try on clothes virtually has radically
  transformed the way we shop online. Thus, IoT has
  gained high momentum in the e-commerce sector
  over the years.
• Below, we have explained how IoT plays a crucial
  role in e-commerce industry.

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Inventory Management

• IoT has facilitated the entire inventory
  management. The IoT sensors and RFID tags
  continuously streamline monitoring as well as
  tracking of various inventory items, eliminating
  the need for human intervention. Information like
  the manufacturers name, product type, expiry
  date, and batch IDs can automatically be stored
  within the system, leveraging IoT.
• Moreover, smart shelves considerably improve the
  customer experience by eliminating the stock
  unavailability issue. They can easily track the
  total number of sold items and automatically
  place orders when the stock reaches the reorder
  point. 

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Warehousing

• Besides managing inventory, the IoT sensors like
  temperature monitors can check the optimum
  temperature of various perishable items and even
  send alerts if required.  Some IoT sensors can
  also examine the forklifts for predictive
  maintenance, reducing the overall productivity
  loss.
• Currently, Amazon is using warehouse robots to
  improve the efficacy of the picking and packaging
  process. These robots move rapidly and even load
  tons of parcels. IoT app developers are working
  relentlessly to incorporate this technology into
  e-commerce business for better product management

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Supply Chain Management

• An uninterrupted and efficient supply chain
  management is quite essential for the success of
  an e-commerce business. IoT expedites the process
  of moving products from one particular place to
  another. It also facilitates the real-time
  tracking of various items from the production
  stage to their final delivery. GPS and RFID
  technology not only help in tracking items but
  also give complete information about the
  temperature, location, and more.
• Additionally, IoT helps in managing the route as
  well as the speed of the shipped items along with
  predicting the products delivery time and
  averting loss of shipments or misplacement.

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Improving Consumer Experience

• IoT allows e-commerce businesses to stay one step
  ahead of their competitors. This technology
  enables them to deliver a higher level of
  personalized experience to their customers,
  leading to enhanced customer satisfaction as well
  as engagement. Furthermore, IoT offers
  personalized advertising and marketing
  opportunities to target a particular group of
  customers easily. It can also identify different
  shopping patterns on search trends, which enables
  businesses to sell targeted items to different
  customers.
• Leveraging IoT, businesses can tailor products,
  services, and offers according to their
  customers preferences. With the availability of
  massive data about consumer behavior, it becomes
  quite easy to attract customers and even
  influence their purchase decisions. IoT also
  contributes to improving the overall customer
  service by anticipating issues or complaints
  before they occur. This leads to prompt
  resolution as well as a seamless customer
  experience.

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Conclusion

• With the proper usage of sensors and other IoT
  components, IoT is believed to have a significant
  impact on the entire e-commerce spectrum. The
  more the devices get connected, the more data
  will be garnered to improve the consumer
  experience. Besides, the increasing IoT adoption
  in this industry will result in better inventory
  management, tracking of thefts and losses, along
  with the optimum product delivery. Thus, we can
  anticipate that the e-commerce sector will
  undoubtedly witness massive revenue growth in the
  foreseeable future.
• If you also belong to e-commerce industry and
  want to stay ahead in the wave of digital
  advancements, investing in IoT app development
  services would be the best idea.

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Get In Touch With Us

• Beyond Root Technology Services, founded in 2015
  by three technology enthusiasts, is the hub of
  web and mobile designers as well as developers.
  Since the inception of the company, we have
  delivered high-end IT solutions to clients across
  the globe. We have served technology to varied
  business verticals and have transformed their
  business models with intelligent solutions.
  Beyond Root strives to offer quality tech
  solutions at affordable prices to new and
  traditional businesses.
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