The future of smart businesses with IoT
Businesses will certainly progress quickly with IoT. This section will discuss key areas where businesses are expected to progress with IoT and take you through a case study with Amazon as to how this future is unfolding.
Key areas of the future of smart businesses
The future of smart businesses with IoT is promising, as more and more companies are discovering the potential benefits of this technology. With IoT, businesses can streamline their operations, improve customer experiences, and gain valuable insights into their products and services.
One area where IoT is expected to have a significant impact is in the retail industry. According to the IoT in Retail Market Size Report, 2030 by Grand View Research (https://www.grandviewresearch.com/industry-analysis/internet-of-things-iot-retail-market), the market for IoT in retail, which had a value of USD42.38 billion in 2022, is projected to expand at a compound annual growth rate of 28...