Saturday, March 06, 2021 6:56:05 PM
"The collective network of connected smart devices — everything from smart home systems to lightbulbs — is known as the Internet of Things (IoT). In business, IoT is transforming modern practices to build a more efficient future. That’s why industry IoT is expected to grow in value to over $176 billion by 2022.
IoT offers businesses:
Better analytics through data reporting.Safer products through consumer and worker tracking.Reduced waste through more efficient supply chain monitoring.
The key element IoT brings to a business is enhanced analytics. Through transferring massive amounts of data, connected devices make it possible to build safer, better products and industrial practices. This in turn improves worker conditions, as it has in Ford’s use of motion-capture tech to reduce workplace injuries by 80%."
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