The adoption of digital technologies has recently accelerated, with the COVID-19 pandemic as a leading factor. Today, companies who fast-tracked their journey to digital maturity find themselves more resilient, more efficient and better positioned to succeed.
As the new data generated from connected devices is now analyzed to become more insightful, businesses can use it to drive increased efficiencies and productivity across their operations. Strategies going forward will need to move from treating data just as a byproduct of IoT applications, to treating it like a business asset, which can be used to generate revenue through new business models.
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