Retailers know the Internet of Things (IoT) is coming and will bring significant changes. But their preparedness for it is less certain. According to a new survey from RSR
Research, “The Internet of Things in Retail – Great Expectations,” 42% of surveyed retailers strongly agree and another 38% agree that IoT will drastically change the way companies
do business in the next three years. IoT is generally as a network of “smart” devices with Internet connectivity that can automate many retail functions, such as ordering products or
sending alerts when they need repair or replacement. In addition, similar percentages of respondents strongly agree (39%) or agree (41%) IoT will have a dramatic impact on consumer
products in the next three years.Read the whole story at Chain Store Age »