Coding Display with Io(D)T
The use of Internet of Display Things in retail environments
TheInternetofThings(IoT)isanetwork of physical things embedded with sensors which communicate through data with the physical world around achieved with a combination of softwares, RFID, Beacons etc. By 2020 it is estimated that number of IoT connected things will increase 30 times (Gartner survey). IoT is forecasted to impact retail businesses worldwide between $410 billion to $1.2 trillion annually (McKinsey report). The investment in IoT by retailers would also be about $2.5 billion in the next five years (Juniper Research,).
Meanwhile, today retail innovations are being driven by engineers, programmers and scientists who are silently working overtime on IoT engines which consumers are slowing getting to experience. If you have experienced a self-checkout stations, RFID embedded table or an Interactive online kiosk, then you are also now part of the IoT ecosystem! Soon to get popular is the science of connected ‘Display’ in store environments using IoT technologies, which I like to call as Io(D)T.
This is influencing disruptive innovations in the domain of Mannequins & Props, Fixtures, Lighting and Wall Surfaces. Let’s take a quick snapshot of the developments currently being deployed in the market.