Can Small & Medium Enterprises Growth Hack IoT?
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...