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Merchants Fight IoT-Enabled Fraud
Adoption of IoT technology is growing fast. Research and advisory firm Gartner suggests the number of connected devices will reach 20.4 billion worldwide by 2020, more than doubling the number from just three years earlier.Consumer-facing technologies like auto systems and smart TVs will represent a considerable chunk of the total. However, it’s not consumers who have growing applications for IoT tools. Gartner states that more than half of all major businesses will be using IoT in some capacity by next year as well.IoT enables revolutionary applications for faster, more efficient warehouse and supply chain management, improved customer experience and much more. Altogether, IoT tools could account for $11 trillion in annual savings and revenue for businesses by 2025.
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