Internet of Things (iOT) is changing the business landscape, creating opportunities for new sources of revenue, smarter interactions with customers, and greater efficiencies. The real promise of iOT lies in the ability to combine machine-generated data with data created by humans for deeper insight, understanding, and real-time decision making. iOT solutions will have a significant impact on nearly every industry, creating new business models and new sources of operational efficiencies.
Be it enabling doctors to monitor the health wellness of their patients through connected devices or empowering cold storages to use sensors for monitoring the controlled conditions in the warehouse and alert them with real time adverse occurrences,iOT applications continue to expand by the day. On the consumer front, iOT Mobile Apps have made their way into our living rooms, thanks to the growing adoption of smartphones wearables, Wi-Fi and Bluetooth.
Meanwhile, companies across several industries-including manufacturing, Hospitality, Pharmaceuticals, HealthCare, energy and retailare seeking to harness iOT-enabled convergence for boosting operating efficiency and enterprise productivity, as well as for transforming their business models.