The Internet of Things is transforming the in-store experience. From smart thermostats that improve energy use, to smart shelves that detect low inventory, the entire retail experience is going through a transformation. These upcoming advances in technology can also help mitigate risk down the road.
With facility safety, the IoT is like a watchdog. If a refrigerator door is left ajar, a light in the parking lot goes out, glass breaks, or food isn't cold or hot enough, related systems know. Sensors can then trigger corrective measures, such as an automated door closure, temperature adjustment or maintenance work order.
As retailers continue to increase their portfolio size, they also welcome more risk. When accidents occur, they’re accompanied by costs associated with physical damage, loss of business, and legal fees. These costs add up across numerous locations, so it’s crucial to mitigate risk whenever possible.