IoT – The Great Innovation Enabler

Illustration: © IoT For All Whether you know it or not, within the last 48 hours, likely, you’ve probably had several interactions with the Internet of Things (IoT). Across the world, millions of devices are now connected. The market is projected to be worth more than $1.3 trillion globally by 2026 , and that’s just the beginning. From being able to remotely control our household heating via our phones to tracking parcel deliveries to the minute, the power of data is now everywhere. Beyond consumerization, IoT is also now a critical operational asset for businesses . Its power to enhance business operations is proven. From manufacturing to retail and logistics, it enables automation of processes, enhanced collaboration between stakeholders, and closer tracking of products across a supply chain – all things that increase efficiency, promote innovation, lessen wastage, and boost profit margins. There is no limit to what it can encompass. “Beyond consumerization, IoT is also now a critical operational asset for businesses.” The question, therefore, is no longer whether or not IoT benefits companies, but how exactly industries can fully harness the power it provides. It’s More Than a Device We’ve never been so connected. Free-flowing data is […]

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