Internet of Things (IoT) is a collective network of connected devices along with the technology that aids communication between devices and the cloud. Everyday devices like vacuums, cars and even toothbrushes can now use sensors to collect data and respond intelligently to the user.This gamut of connected devices allows people to work and live smartly. IoT solutions are not limited to smart homes but their role has been highly appreciated in business context.
IoT allows the businesses to have a real-time look into how their systems really work. This helps in delivering insights into factors like the performance of machines, the effectiveness of the supply chain and the performance of the logistics operations. When the systems are monitored in real time, IoT allows the business in taking precise business decisions, adapting business models and even in enhancing employee productivity.
