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IoT and Commerce: How New Technology is Shaping the Way We Shop
If we were able to fast-forward ten years into the future and look at the state of ecommerce and retail, we probably wouldn’t recognize what it’s become. The Internet of Things (IoT) is in the process of fundamentally revolutionizing how consumers shop and big changes are coming down the innovation pipeline. Before you can understand how IoT is impacting ecommerce, you have to grasp the true weight and magnitude of the IoT and what’s happening on a broad scale. IoT technology is expanding at an astonishing rate. Industrial products are being impacted the most, with 45 percent of businesses in this sector using IoT products (and another 22 percent expected to adopt IoT within the year). But perhaps most exciting is the influence IoT is having on connected devices.
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