IoT helps businesses in multiple ways. Some of the benefits of IoT are:
Automation:
IoT increases business efficiency by automating many operations. It can significantly reduce human interactions and subsequently increase business profit. Automation helps achieve more control and higher productivity.
Machine to Machine Communication:
IoT enables machines to communicate with one another, thus providing more quality and more transparency.
Customer Trends:
IoT helps in monitoring customer trends and hence allows the apps to be more customer-centric.