Digital World

The biggest misconception around IoT is that its benefits can only be unlocked with big investments – usually by large organizations with deep pockets and a long-term vision. This is a myth that we burst here, in this article! The worldwide number of IoT-connected devices is projected to increase to 43 billion by 2023, and a maturing ecosystem with easy implementation is making IoT accessible for small business es as well. Custom-built solutions might be out of the reach of SMEs, but off-the-shelf IoT tools provide unprecedented opportunities to small and medium-sized enterprises across industries. Here is a look at some of the ways in which IoT can bring about positive outcomes regardless of the size of the organization: 1. Optimizing logistics and transportation Sensor-based IoT tracking provides a range of excellent solutions to bring real-time monitoring and management to the industry. Vehicle sensors can give insights such as location, productivity, and technical conditio...

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 capabil...