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business-growth

IoT Development: How Brands Leverage IoT for Business Growth

1 November 2018
431

When the IoT first emerged, businesses adopted a connectivity strategy to incorporate this technology. However, it has since evolved into a business transformation strategy that helps companies make data-driven decisions, improve profitability, reduce costs, boost productivity, and much more.  Today, the IoT is experiencing a period of rapid acceleration across industries. According to the International Data Corporation (IDC), IoT spending is forecasted to experience a compound annual growth (CAGR) rate of 13.6% from 2017 to 2022 to reach $1.2 trillion.

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