Your new post is loading...
While many have speculated positively on the value of the Internet of Things, a report from the McKinsey Global Institute projects an even more hopeful future for the catchall term for connected devices than previously predicted, especially in regards to local retail.
The report covers the full extent of IoT’s potential, projecting anywhere from $3.9 to an astounding $11.1 trillion dollar global economic impact by 2025. Of that, roughly $410 billion to $1.2 trillion will impact the retail industry and how local businesses and services interact with their customers
.Automated checkout systems alone could add up to $380 billion in potential value but combined with the many other retail uses of IoT, McKinsey believes the value could be anywhere from $410 billion to $1.2 trillion by 2025....
Retail can't ignore Internet of Things, worth up to $1.2 trillion by 2025.