In a relatively short amount of time, the internet of things (the IoT) has changed the retail landscape forever. According to new research, retailers are set to spend upwards of 2.5 billion dollars on the internet of things by 2020.
Barbara Thau summed it up best when she said, “IoT is all about embedding connectivity and intelligence into retail products and experiences to give shoppers something extra.”
However, in addition to re-shaping the customer experience the IoT also gives retailers something extra as well:
- Improving productivity and lowering costs
- Creating new opportunities/services in new markets
Adopting the IoT comes with a variety of security risks. Download your IoT Security Checklist to make sure you’re not vulnerable to an attack.
So, how are retailers currently leveraging the IoT? How do businesses plan on using it in years to come? Take a look at this fantastic infographic from Aruba Networks to learn more.
Click on the infographic to view a high-res version.