The Internet of things (IoT) is a system of interrelated computing devices, mechanical and digital machines that are provided with unique identifiers (UIDs) and the ability to transfer data over a network without requiring human-to-human or human-to-computer interaction.
IoT benefits to organizations
The internet of things offers several benefits to organizations. Some benefits are industry-specific, and some are applicable across multiple industries. Some of the common benefits of IoT enable businesses to:
- Monitor their overall business processes
- Improve the customer experience (CX)
- Save time and money
- Enhance employee productivity
- Integrate and adapt business models
- Make better business decisions
- Generate more revenue