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Advantages of IoT

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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.

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