Factors Influencing Consumer Acceptance of Internet of Things Technology

Literature Review

According to Uckelmann, Harrison and Michahelles (2011), the IoT is defined as things that can be used to connect via internet. Generally, the discussions on IoT focused on the future of communications and computing as it is a technological revolution. IoT has been used in many areas recently, for example, digital logistics, supply chain management, stock control, urban planning, library management, retail tracking, mobile payment, efficient transportation, home automation, warehouse management, healthcare and the private domain (Ding, 2013). It also offers many advantages for many industries and their benefits to consumers, for example substantial efficiencies. (Sundamaeker, Guillemin, Friess & Woelffle, 2010). In this circumstance, consumers’ behaviour might be affected from the internet of things technologies on few aspects of the consumers’ daily routine. (Li, & Wang, 2013). For instance, IoT consumers might get advantage from technologies that used in smart fridges which can monitor the consumption of food and beverages and also rearrange goods automatically.