IoT and its impact on the business world – Part I
IoT – an endless network of connected devices, that’s the simplest definition we can give to this concept. Even if it might seem high tech, it is a common technology today. We have been using it for some time now, and it brings advantages to tech-savvy users.
Still, what’s the impact on the business world? Have businesses adapted this technology to increase ROI and reduce costs? Yes, they have, and they are planning to implement even more IoT applications to skyrocket their development. According to the latest reports, there are multiple stages of adoption, and we can also see differences between companies according to their geographical position. As for the needs that IoT is fulfilling, that should be another focus point of interest for us.
In the infographic below, you can find details about the aspects highlighted above. Read on to learn more about IoT impact on the business world and stay tuned for part 2.
What type of adopter is your business? Share your thoughts in the section below or start a conversation on Social Media.