According to IoT Analytics, global enterprise Internet of Things (IoT) spending increased 12.1 percent ($128.9 billion) from 2019 to 2022. With such a promising development, integrating IoT solutions and services into business operations could be crucial to accelerating the business transformation of 2022.
No matter if its agriculture or manufacturing, IoT transforms enterprises with better business insights that are presented by real-time data collection. IoT platforms are able to integrate a variety of devices, enabling companies to keep track of their business processes.
The most well-known method by which IoT rapidly changes the customer experience is through the increase of data inputs from customers. One of the best acknowledged examples of such is Amazon’s IoT ecosystem which comprises interfaces such as Alexa, Echo Dot and Echo, Echo Dot, and Alexa.
Cost and downtime savings IoT has impacted a variety of industrial sectors, the year 2022 is expected to have a drastically reduced amount of downtime caused by equipment malfunctions. With IoT solutions and services from companies like SAP, by 2022, companies can be expected to keep track of the health of their manufacturing equipment through the internet.
According to the reports, the IOT application to connect different departments in an enterprise will result in an impressive $154 million increase in revenue.
Workers at the facility wear a bodysuit that includes built-in motion and vital sign trackers. The real-time information gathered from these suits is utilized to make work environments safe and efficient for employees.
