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The Evolution is Impactful

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Interconnectedness is the new normal! Isn’t it? IoT is evolving from its first version to its latest 5G version. Today, no business could have turned the innovative ideas to the most successful ones. All thanks to the revolution & evolution of IoT!

IoT was coined for the first time in the year 1982 by a graduate student of Carnegie Mellon University’s named David Nichols. Until today IoT has evolved exceptionally and transformed various businesses. IoT does not add its magic in just one industry in fact it plays an important role in various industries like manufacturing, education, healthcare, automotive, public safety, logistics, energy management, organisational redesign, food & beverage, and many more.

From 1982 to 2023, IoT has created its own benchmark by further creating revolutionary method and system named ‘technology’. The three types of technologies are Artificial Intelligence, Cloud Computing and Big Data, these technologies have been proved to be profound and prolific in the terms of revolutionary ideas and innovation. Today, these technologies are leveraged by different domain businesses to promote, to sustain and to grow.

Without IoT and Technology, no business can reach their target goals. To be precise and specific IoT is like the brain and Technology is like the heart. Without these two things no business can survive cut-throat competition in the market. Cloud computing helps in storing tons of data cost effectively whereas Big data helps in organizing data generated by IoT. Finally, AI & ML helps in generating data, unique and trendy ideas and simultaneously understanding and reaching out millions of people.

From customers to organizations, connecting and accessing IoT is boundless. According to Statista, the total number of installed connected devices is expected to be 75.4 billion globally by 2025. This shows how the modern world is growing broader & faster and no wonder why 5G is trending. From privacy to storage to producing & promoting products, services & solutions, IoT & Technology is the main source.

Therefore, IoT & Technology has uplifted the standards of business. Any business can be monitored and operated from anywhere and anytime via multiple ways. Small scale business to large scale business, Internet and Technology is indeed boon to multiply tailwind factors and solve multiple headwind factors. So, every stage of manufacturing and production is becoming smarter, customized and personalized.

Thus, IoT & Technology is digitizing businesses and making every type of business more transparent, accountable, flexible and advanced leading to more cost-efficiencies.