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Updated: Aug 25, 2021

The Internet of Things offers organizations several advantages. Some benefits are industry-specific, and some can be applied to multiple sectors. Some of the common benefits of IoT enable businesses to::

* Monitor general business processes.

* Improve customer experience (CX).

* Save time and money.

* Improve employee productivity.

* Integrate and adapt business models.

* Making better business decisions.

* Get more revenue.

IoT encourages companies to rethink the way they approach their business and provides them with tools to develop their business strategies.

In general, IoT is most commonly found in manufacturing, transportation, and public service organizations. Sensors and other IoT devices are utilized; however, use cases have also been found for organizations in the agriculture, infrastructure and home automation sectors, leading some organizations to digital transformation.

IoT can benefit agriculture by making it easier for farmers to do their jobs. The sensors can collect data on rainfall, humidity, temperature and soil content, among other factors, to help automate farming techniques.

The ability to track transactions surrounding the infrastructure is also a factor that IoT can help. For example, sensors can be used to monitor events or changes in structural buildings, bridges, and other infrastructures. This brings with it benefits such as cost savings, time savings, quality of life workflow changes, and paperless workflow.

A home automation business can use IoT to monitor and manipulate mechanical and electrical systems in a building. On a broader scale, smart cities can help citizens reduce waste and energy consumption.

IoT touches every sector, including the healthcare, finance, retail and manufacturing sectors.


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