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Will IoT force every company to be more tech-savvy?
Companies in almost every sector of the economy must become increasingly technology-focused as more devices are connected to the internet. Devices embedded with smart chips to report on where they are, what they are doing and how well they are performing can be a game-changer for manufacturers and service providers who can collect and interpret that data. Like insurance companies, which are already examining data transmitted by our cars to skew premiums in favour of careful drivers. That’s an example of the Internet of Things (IoT), the much-touted evolution that will see everything connected to the internet.
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