Mammoth retail spend on Internet of Things

Retailers seeking to capitalise on Internet of Things technologies will spend an estimated US$2.5 billion in hardware and installation costs, nearly a fourfold increase over this year’s estimated US$670 million spend. This is according to James Henderson of New Zealand Reseller News. New data from Juniper Research reports that the hardware spend includes Bluetooth Beacons and RFID (radio frequency ID) tags. In the first instance, Bluetooth beacons enable visibility over footfall as well as the

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