How Walmart Is Using Machine Learning AI, IoT And Big Data To Boost Retail Performance

According to a patent application Walmart filed, it seems like its next step is integrating IoT tags to products in order to monitor product usage, auto replace products as necessary and monitor expiration dates or product recalls. These sensors would rely on a variety of technology such as Bluetooth, barcodes, radio frequencies and RFID tags and would provide Walmart with an incredible amount of data including the time of day products are used to where the products are kept in the house. This data could help create personalized advertising and expand cross-selling opportunities. If you had a tag reader installed on your fridge, it could scan everything you place inside and alert you when you need to restock or when items are expired. In another example, a RFID system could monitor how many times you pick up your laundry detergent and predict how much is left.