Companies are investing in IoT at a rapid speed, with innovation occurring across industries. There are brands launching their own versions of smart delivery, wearables, and health monitoring devices. On a larger scale, companies are using IoT applications to gain logistics and supply chain advantages over their competitors. This has given rise to a new industry that focuses on IoT as the core platform.
What’s critical is the need for a strategic overview of the IoT market in general. Companies can create significant value when they leverage IoT from a strategic perspective. That’s what differentiates the market leaders from the industry. They understand the scope of IoT and how it can impact the overall business model.