Retail Industry, The Next Big Thing For Future IoT Sensor Applications

- May 04, 2018-

In recent years, with the rise of e-commerce, the impact on the traditional retail industry has continued, and retail sales have begun to decline. According to statistics, the total social retail consumption in 2015 exceeded 30 trillion yuan, and the growth rate of offline retail consumption continued to decline. The financial statements of more than 70 listed retail companies showed that profits declined further, and the department store and supermarket outlets still closed. Continue.

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In order to reshape the competitiveness of the retail industry, some retailer companies have begun to upgrade and change their intelligence in specific scenarios and explore new opportunities. In 2017, Wal-Mart, the world's largest retailer, announced its first patent for the Internet of Things. The patent describes a commodity sensor system that provides users with alerts, suggestions, and automated shopping services by tracking the user’s use of the product at home.

In the past few years, Wal-Mart applied for more than 800 patents. Most of the patents involved in-store or e-commerce, and the current patent is the company's first to explicitly mention the focus of the Internet of things. . It is reported that Wal-Mart has a professional team of 500 people dedicated to providing Internet of Things, robotics and artificial intelligence services for Wal-Mart.

With the development of science and technology, the development of the retail industry has begun to focus on innovation, and more and more “black technology” has begun to be applied to everyday businesses. The technology in hand has become a new direction for the retail industry.

As IoT sensors play an increasingly important role in the retail industry, it is a rare opportunity for the development of various sensor companies such as ultrasonic sensors. Enterprises should continue to strengthen the research and development of innovative technologies, and at the same time shift the supply of sensor products to a system solution, and continue to reduce the price of sensors in order to capture more markets.

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