From intelligent shopping carts to smart fitting rooms, retailers are adamant on changing the experience of shopping at brick-and-mortar stores.
And a variety of intelligent devices are making all that possible by enabling consumers to interact with their favorite merchants in new ways and pay for goods.
With more and more connectivity being introduced to products, several companies are expecting a flood of connected devices to hit the market in the next few years. By some estimates, the number of devices capable of connecting to the intelligence of things (IoT) ecosystem will reach 20 billion globally by 2020. The March Intelligence of Things Tracker™, highlights companies that are preparing for such a high influx of connected products.
News from the IoT ecosystem
A variety of wearable products, including jewelry and sneakers, are giving consumers innovative new ways to purchase goods.
In the world of wearable technology, consumers have new ways of paying for and ordering goods from hand to foot. For example, DCK Group recently partnered with Barclaycard to introduce contactless chip technology to its jewelry line to allow users to make purchases with the bling on their wrists. Not to be outdone, Pizza Hut is thinking outside the (pizza) box by launching a pair of sneakers that allow users to order pizza from a button embedded into directly into the shoes.
Companies also debuted connected solutions to the smart home market. LG Electronics, one of the most active company in this space in recent weeks, launched a digital assistant that can perform home operations, like adjusting the air conditioning, using voice commands. Another development from LG includes a new smart fridge that could give consumers a hand with grocery shopping. The refrigerator enables users to view the contents inside by tapping on the door or with a built-in camera that can transmit images to a smartphone
Meanwhile, other merchants are aiming to help consumers with grocery shopping by reinventing the shopping cart itself. For the March edition of the IoT Tracker™, PYMNTS spoke with Wendy Roberts, CEO of Five Elements Robotics, a developer of robotic technology solutions about how the company’s intelligent shopping cart that can navigate store aisles and possibly coax online shoppers into visiting brick-and-mortar stores again.
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To download the March edition of the PYMNTS.com Intelligence of Things Tracker™, click the button below …
About The Tracker
The PYMNTS.com Intelligence of Things Tracker™ showcases companies that are leading the way in all aspects of the Intelligence of Things. Every month, the Tracker looks at what these companies are doing across the ecosystem and in several categories, including Personal, Home, Retail, Transportation, Wearable, Mobile, Infrastructure, Data and more.