Internet of Things: Redefining the Future of Ecommerce
I don’t think we are in a place wherein we need to understand what internet of things is. The concept has become quite known now. But whenever there is a mention of this word, it reminds me of a quote by Bill Gates which says, “Information technology and businesses have become inextricably interwoven. I don’t think anybody can talk meaningfully about one without talking about other.” Yes, we are talking about IoT in ecommerce . Today, we will be talking about the way it has transformed the communication channels between businesses and customers. IoT – The New Norm From devices that detect the sleep pattern of babies to cars that work on commands, a lot of interactive devices have penetrated our lives. Needless to say, it is also influencing the market of ecommerce. According to a research study by Gartner, by 2020 more than 20 billion things will be connected to the internet. Also, nearly 50% of new business processes will make the most out of internet of things. T...