How Internet Of Things Is Changing The Retail Ecosystem?

| September 24, 2018

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Internet of Things has completely transformed and renovated the way we used to deal with the ‘things’ in our day-to-day life. The concept of Internet of Things has grown to the extent where we have started using it even in the smallest part of our usual tasks. Right from turning the lights on/off to keeping an eye on your home even from kilometers away, IoT has simplified our lives pretty well. It has brought innovation and created ‘n’ number of opportunities across all the sectors. According to stats, it is estimated that the global IoT market would rise by 28.5% annually to reach almost $457 billion by 2020. And by 2025, we would be able to witness at least 75 billion devices communicating with each other.

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