The Internet of Things has made a significant impact on the retail industry and can be rightly touted as the major force behind the third Industrial Revolution. This wave of revolutionary change has been heralded by the influence of IoT and it can be applied in various retail sectors like:

1) In-store flow experience
2) Traceability of inventory
3) Warehouse management- Fraud and Shrinkage Identification
4) Supply chain marketing
5) Seamless connection between the store room and front shelf

With IoT, retailers can digitize practically everything related to their pre-sale, after sale and marketing segments, including every employee, customer, product, service and process. IoT in the retail industry has a good scope for immense success.