"Not getting on-board with a proper IoT strategy in place could leave the market to hungrier competitors in this third industrial revolution."
What is the Internet of Things (IoT) and how does it affect retail? That’s a complex question, and one which many retail CIOs and CTOs are currently contending with right now.
Well, put simply, the Internet of Things (or IoT as it is more commonly known) is the computing concept which refers to connecting everyday objects to the Internet. These devices are able to communicate with each other via machine-to-machine (M2M) communication and act on our behalf. They can automate previously manual tasks and give us more insight on our daily lives and behaviours.