The Internet of Things (IoT) is viewed as a major driver of the third Industrial Revolution. There is no question that the connectivity of "things" will only continue to affect how businesses run in the future.

Retail and CPG companies do not have to wait until IoT matures before making investments in IoT. Investment in IoT in the near-term will improve customer experience, demonstrate positive returns on investment in IoT, and lay down the ground work for the eventual maturity of IoT.

Here are five ways retailers can take advantage of IoT today. This video concludes with advice for CXOs making near and long-term investments in IoT. 

Research report - Retail: Prepare for the IoT Revolution