According to a 2022 McKinsey retail study, what is the average inventory accuracy improvement achieved by retailers implementing IoT-based RFID tracking systems?

Internet of Things (IoT) technology is transforming the retail landscape, creating more efficient operations and enhanced customer experiences. From inventory management to personalized shopping journeys, IoT devices are becoming increasingly prevalent in modern retail environments. This trivia question explores a key metric that retailers are achieving through their IoT implementations. Test your knowledge about the business impacts of retail IoT adoption!

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25-30% improvement in inventory accuracy
50-60% improvement in inventory accuracy
65-80% improvement in inventory accuracy
90-95% improvement in inventory accuracy