80% of retailers set to spend on visibility platforms powered by RFID, IoT

About 80% of retail organizations have allocated budget to spend on visibility platforms supported by technologies such as RFID, IoT, inventory management systems and related capabilities aimed at helping them improve several in-store and supply chain processes, according to new IDC Tech Brief from IDC Retail Insights.

The report, “Visibility Platforms for Experiential Retail,” shows that more than 60% of retailers already have installed IoT architectures and 85% plan to deploy such a system within 18 months.

Among the top reasons for deploying visibility platforms: Many retailers see the technology as helping them improve internal business productivity, as well as helping to realize savings in areas such as inventory, energy and fuel, systems maintenance and head count, according to IDC.