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How IoT Unlocks Uninterrupted Hypergrowth for Retail and CPG

Acuvate

The worldwide internet of things in the retail sector was worth $ 31.99 billion in 2020 and is anticipated to increase at a compound annual growth rate (CAGR) of 26% between 2021 and 2028. Technology has evolved tremendously in the last few years to understand and respond to human behavior with greater accuracy and agility.

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Asset Management in CPG using Digital Twins

Acuvate

In short, both the data-driven rendering of assets and the building of a more agile and resilient production infrastructure fall under the gambit of asset management using Digital Twins in the CPG arena. As consumer trends change and needs evolve, production lines must be agile enough to adapt to modular designs quickly and cost-effectively.