The Internet of Things will change the models of business.
IoT is creating a major shift in the business world by offering a wide variety of new services, which is why industries have flocked to invest. The general understanding is that IoT technologies rely on sensors that can lead to predictive maintenance and additional efficiency. However, this is only a piece of the puzzle. The sensors being used are able to obtain information about customers (both personal data and confidential information), leading to never-experienced-before legal issues on data protection, intellectual property, cyber security, and product liability. Industries are investing heavily in moving past these road blocks and future innovation.Read More