The Internet of Things (IoT), which was once positioned as a niche technology for startups, is today a go-to technology for enterprises who desire to transform their future business. IoT has already altered the way both professionals work and common people live. However, there is a great deal ahead to explore on this scope. The global IoT market is predicted to be value $1.7 T at the end of 2019 and has a further perspective to generate $4 T to $11 T in financial benefit by the year 2025.
The key returns driver for 54 percent of enterprise IoT projects is savings on costs, and others include enhancements in productivity as well as on the whole work safety. It further lends a hand to understand consumer behavior and perk up their experiences. There are a number of ways in which IoT can benefit businesses. Here are the ways that IoT technologies could benefit your business, starting from customer services and experiences.