A technology such as IoT can:
Create smarter warehouses by tightening supply processes and make logistics seamless
Track and provide updates on products/resources remotely, thereby removing manual intervention
Reduce dependence on third parties by eliminating processes
Enable you to save big on training and hiring with greater degree of automation
Help you reach out to customers even before they can with feedback for improvement and features. Great CX such as this drives retention like no other
Now ask yourself whether such benefits would help your business. If the answer is yes, you should definitely look into augmenting existing solutions with IoT capabilities or look to launch new IoT products. Of course, this is only the preliminary step. Once taken, you should ideally go for a comprehensive readiness assessment, technology evaluation and market fit analysis in collaboration with a digital transformation partner.