Along with AI, IoT is changing the expectations of consumers. With that, this growing technology will forever change the way that businesses operate. The initial uptake of interconnected smart devices was slower than anticipated. But, the demand for the technology is now developing at a rapid pace. That demand will implement new pressures on businesses. It will also provide businesses with new opportunities. Here are some of the ways that the Internet of Things will impact business.
What Is the Internet of Things?
The simple definition of the Internet of Things (IoT) is the interconnection of devices over the Internet. It allows devices to communicate with us, with applications, and with other devices. The technology has been demonstrated with the advent of smart home appliances. It’s the Internet of Things that now allows us to control our home heating, lighting, sprinklers, and other appliances from our phones with solutions like Apple’s HomeKit.
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