Technologies developed under the banner of the Internet of Things (IoT) is creating waves of noticeable change in almost every industry in today’s ever-expanding global marketplace. Industry 4.0 is well underway, entering the next phase of innovation, in tandem with the growing ecosystem of internet-enabled or connected devices that include software, sensors, and several other technologies that possess strong interoperability capabilities. It enables machine-to-machine interaction and augments communication between devices. loT technology allows organisations to collect, consolidate, exchange, analyse, and interpret data in real-time. What particularly stands out as the critical value of this data is that it provides professionals with essential consumer insights in the context of real-time situations to help them make informed business decisions with minimal margins for error. Consequently, this translates into improved customer interaction, helping companies establish a more satisfactory customer experience.
IoT, however, is not all benefits. It has certain drawbacks that revolve around security, connectivity, and integration as well. For an organisation that wishes to implement and leverage IoT’s full potential, there are several challenges that must be thoroughly addressed before deploying a fully connected ecosystem. With the speed at which the loT market is moving, which is considerably fast and only gaining momentum, employing the latest digital transformation practices is an absolute must. In order to help companies all over the continent overcome their IoT hurdles, several solution providers are coming up with various techniques and strategies to help organisations adopt ‘an IoT of technologies’ to improve their business operations.
With innovative and path-breaking technological capabilities up their sleeves, these companies are continually proving their mettle in the field of loT innovation. We hope this issue of CIOReview helps you build a long-lasting partnership that your firm needs to excel in this competitive market.
We present to you CIOReview’s, "10 Most Promising Internet of Things Solution Providers in Europe - 2021".