The role of human beings in business and the production process will continue to decrease drastically- saving time, and money, so you can gain time and money.
Users of IoT solutions can gather reliable analytics and can predict and prescribe, thanks to high volumes of data, for more streamlined day-to-day operations.
The term Internet of things (IoT) refers to a system of interrelated computing devices, digital and mechanical machines, animals, objects or people that receive unique identifiers that enable them to transfer data across a network with no need for human-to-consumer or human-to-human interaction.
A Thing, in the IoT, can be a person with a heart monitor implant, an animal with a bio-chip transponder or a car with inbuilt sensors to alert the driver when the tire pressure is low. It could also be a human-made or natural object that can be assigned an IP address and given the ability to transfer data over a network.
Internet of things has evolved from the convergence of wireless technologies, micro-services, micro-electro-mechanical systems and the Internet. Now the question is, if it does transform businesses, and if it does then how.