The concept of smart retail may seem abstract or technical. However, the process actually has been around for a while and has already been applied in some retail shops. You may have noticed that automated checkouts, smart delivery services, and dynamic pricing, being used in your favorite restaurants or connected stores. In view of digital transformation, all these solutions, IoT-based sensors, and inventory managing devices are being increasingly used in retail. This technology can reduce manual labor and improve the overall efficiency of retail businesses.