IoT plays a pivotal role in driving Digital Transformation

The realization has dawned among organizations about the importance of leveraging the Internet of Things (IoT) to drive Digital Transformation across their operations. Small and medium enterprises are evincing a lot of interest toward hopping on to the IoT bandwagon. There is no doubt that IoT is making huge strides to enhance Digital Transformation. Data has emerged as a present-day fuel for organizations and Artificial Intelligence (AI) has made this possible by making data actionable. Artificial Intelligence supports enhanced digital IoT applications to enable predictive, perspective, and adequate analytics. According to various industry experts, the number of internet-connected devices will grow to over 80 million by 2025 – this effectively means that IoT adoption will witness massive adoption in coming times. This brings into focus the proliferation of cloud computing, where IoT will play a big role. IoT has accelerated the growth of cloud computing by extending cloud capabilities closer to connected devices. What’s more, digital transformation technologies have also enabled cloud computing to facilitate the operations of computing, storage, and network services between end devices and cloud computing data centers.

IoT for medium enterprises will be the way forward. The adoption of IoT has enabled organizations, especially small and medium enterprises to operate in a smarter way putting more real-time information and decision-making power back into the hands of employees. With IoT transformation, everything is securely integrated into business processes and workflow.

IoT for small enterprises will be the order of the day. The retail business space has hugely benefited from the adoption of IoT. There is a growing tendency among customers to settle for nothing but a personalized, satisfying experience when they interact with various brands. Customers are always on the lookout for the choice of products relevant to their lifestyle requirements – customers of today are keen to learn more about the products they desire and they want to place their orders with minimum fuss. Further, on the purchase front, customers want every purchase to be streamlined as well as secure – they also want to ensure purchases are delivered promptly.

Thanks to IoT, customers are in a position to connect with their brands irrespective of which device they are on – brands are also providing every information customers seek. Online purchases of products and services have been taken to the next level by Iot via connecting devices. When devices are connected, a customer that views a product on their phone while out and then gets home and wants to view that same product on their laptop, they can do so easily.

IoT will continue to play a key role in driving Digital Transformation – the power of IoT will ensure more and more devices are connected in the coming times. IoT will help small and medium enterprises in a big way in times to come.