From self-driving cars, tiny chips, automatic response sensors, smart machines to smart watches, the era of connected devices is already here. The IoT refers to the idea of connecting billions of devices to the internet. This concept has mostly affected how people are conducting business today.
Presently, technology plays a primary role in any business development. Both small and large businesses are embracing the state-of-the-art technology to keep speed with the stiff competition and the current clients’ expectation.
According to world giant tech companies like Google, Xero, and Cisco, the world of business has only felt the surface of what technologies such as IoT and cloud technology has to offer.
Though big business and companies have already transformed in technology, small businesses and entrepreneurs are yet to venture into this new level of technology that makes the world a global village.
It is predicted that by 2020, small businesses will be dominated by smart machines and connected devices. Small businesses and other emerging areas of business will experience a rapid growth of connected things, leading to enhanced safety and security, improved marketing endeavors, and developing new business models.
Small businesses and entrepreneurs can benefit a great deal from the IoT applications to step up against …