Retailers Missing $99 Billion from “Internet of Everything” Connectivity

Apparently, the “Internet of Everything”, could have returned $99 billion to retailers this year. Representing the connectivity of an increasing number of people, processes and things, Cisco Systems estimates that retailers will gain $81 billion from the “Internet of Everything” in 2013. However, Cisco found that this connectivity could have returned an extra $99 billion to retailers this year by providing more connections across their operations. Despite the gloomy news, Cisco pointed out the positive ways that retailers are upping their connections to people, processes and things, including: tapping into previously unused or “dark” data assets in store, building consumer trust and getting them to share information, gaining more visibility into inventory, driving higher levels of stock availability and maximizing staff productivity. For more, see: This Chain Store Age article