Categories

Dec 17, 2019 in Internet of Things (IoT)
Q:

Advantages of IoT

1 Answer

Dec 17, 2019

Key benefits of IoT technology are as follows:

  • Technical Optimization: IoT technology helps a lot in improving technologies and making them better. Example, with IoT, a manufacturer is able to collect data from various car sensors. The manufacturer analyzes them to improve its design and make them more efficient.
  • Improved Data Collection: Traditional data collection has its limitations and its design for passive use. IoT facilitates immediate action on data.
  • Reduced Waste: IoT offers real-time information leading to effective decision making & management of resources. For example, if a manufacturer finds an issue in multiple car engines, he can track the manufacturing plan of those engines and solves this issue with the manufacturing belt.
  • Improved Customer Engagement: IoT allows you to improve customer experience by detecting problems and improving the process.
Click here to read more about Internet of Things
Click here to read more about Insurance

Related questions

Madanswer
Feb 18 in Internet of Things (IoT)
Dec 17, 2019 in Internet of Things (IoT)
Feb 24 in Internet of Things (IoT)
...