IOT APPLICATIONS
IOT APPLICATIONS 4.1 IOT APPLICATIONS FOR VALUE CREATIONS INTRODUCTION: The introduction to IoT (Internet of Things) applications for value creation focuses on how connected devices and systems enable businesses, individuals, and societies to derive meaningful benefits. IoT involves interlinking physical objects through the internet, allowing them to collect, analyze, and share data. This capability leads to enhanced efficiency, cost savings, and improved decision-making. In the context of value creation, IoT applications drive innovation by: · Improving Operational Efficiency: Real-time monitoring reduces downtime and optimizes resources in industries like manufacturing, logistics, and energy. · Enhancing Customer Experience: Smart devices deliver personalized experiences, such as connected home systems or health wearables. · Enabling Data-Driven Insights:...