IoT is a technology that is helping businesses to connect internally as well as with their customer base. It helps to boost organizational productivity and efficiency using interconnected devices/equipment as well as enhance customer experience and services, through data collection and analysis.    Although, there are certain IoT development challenges, but they all have solutions. In fact, 94% of retailers say that the benefits of implementing IoT outweigh the risks or challenges.   Therefore, as the technology would mature, these benefits would also grow in number and scope. More and more industries would adopt this technology to leverage the advantages of IoT in business.