The Internet of Things (IoT) along with Big Data is everywhere. It’s the buzzword that is deemed to be the next big thing, and will affect the way we communicate, travel, work, equip our homes and take care of our health. While we are well aware of the cool new IoT technologies affecting our daily life such as wearable devices, smart watches, activity trackers and smart home appliances, there are less visible, less talked about IoT-related tech solutions for businesses that could prove to have significant impact.
IoT can not only benefit individual customers, but it also has the potential to transform industries, as it affects the way we do business. The real value of IoT for businesses lies in data that is generated and analyzed in real-time via cloud-based applications. Thanks to the smart data and insights provided by IoT sensing devices, key decision makers get access to useful business knowledge that enables them to transform how organizations operate.