Consumer adoption of IoT devices is expected to rise quickly: The "State of the Internet of Things" study from Accenture Interactive found that nearly two-thirds of consumers intend to purchase a connected home device by 2019, while ownership of wearable technology is expected to double year over year in 2016.
Leadership teams may find it difficult to get their arms around an Internet of Things strategy. CIOs in particular may be hard-pressed to accommodate entirely new classes of devices into their already complex IT infrastructures. But it's important for retailers to consider taking steps now to lay a foundation for IoT support later.
The proliferation of connected devices coupled with improved, less-expensive technology platforms and adoption of common standards will only increase the rapid growth of IoT-enabled capabilities across industries. And the IoT will be particularly disruptive to the retail industry.