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IoT: The Fourth Industrial Revolution
It's hard to come up with an industry that will not be affected in some shape or form by the Internet of Things (IoT)—everything from travel and manufacturing to health care and retail. There are billions of connected devices globally, with some estimating that by next year there could be more than 50 billion devices connected. In this ever-connected landscape, the IoT will play a big part in reshaping industries and markets, with many now defining it as the Fourth Industrial Revolution (Industry 4.0) or the Industrial Internet of Things (IIoT). So what can we expect?The IoT allows for organizations across all business verticals to look at new and different ways to go about things, and it will also witness the birth of completely new businesses sporting an entirely different outlook. Important business processes, such as asset tracking, data gathering and new business modelling, to name but a few, will see enhancement through the introduction of IoT infrastructure.
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