How IoT Transforming the Business and Key to Digital Transformation
In today's digital age, the Internet of Things (IoT) has affected organizations across industries. Incorporating the innovative idea of linking things and devices to the internet has changed how companies work and is now the key to digital transformation. The Internet of Things (IoT) has become an integral part of daily life, ensuring that the Internet is always present in some form. This technology, when used correctly, can be extremely beneficial to both the producer and the consumer. In the business world, IoT can be used to increase efficiency, gain new insights, and assist leaders in making better, more informed decisions. The Industrial Internet of Things (IIoT) market is expected to grow at a CAGR of 7.4% from $77.3 billion in 2020 to $110.6 billion in 2025 as more businesses recognize the benefits. Most Fortune 500+ companies can increase their profits by using IoT to streamline processes, automate workflows, develop better products, and engage with their customers. There ...