Retail continues to top the list of industries with the highest EIoT potential.
- 70% of retail decision makers are ready to invest in the EIoT
- 80% of worldwide retailers feel that IoT will have a dramatic effect on consumer products over the next three years.
EIoT has a great deal of potential: it can enable retailers to increase cost efficiencies, improve the overall customer experience, increase brand loyalty and revenues. However, there remain some fundamental EIoT issues, including privacy and security that must be resolved before EIoT can become mainstream.