The IoT has emerged as a powerful driver of transformation
The Internet of Things (IoT) has emerged as a powerful driver of transformation, and according to leading analyst firm Gartner, the IoT market is set to reach 991 billion USD by 2028 due to growing investment in IoT infrastructure and more AI-native IoT applications across a variety of industries. IoT is built around the concept of connectivity, linking devices to create a data-driven ecosystem. True IoT doesn't just rely on new smart devices; it makes existing and older infrastructure intelligent, unlocking its potential in industries where upgrading to new systems isn't feasible, often due to cost or complexity. This approach allows businesses to benefit from the value of IoT without overhauling their operations, enabling old and new technologies to work together seamlessly. As businesses evolve, grow, and invest in new systems, IoT solutions can change with them to continually drive efficiency, scalability, and sustainability in the areas that matter the most. Edward Porter Social Links Navigation Director of IoT Solutions at IMS Evolve. A new era of efficiency IoT is transforming businesses across all industries, including manufacturing, food retail, energy and financial services. The technology enables real-time data collection through a vast network of connected devices, which provides unprecedented visibility and control over machines and systems, enabling organizations to benefit from automated, data-driven decisions about their operations and assets. Imperatively, true IoT solutions embed high degrees of automation into decisions and actions to bring forward a new era of enhanced efficiency. For example, IoT-driven predictive maintenance improves operational efficiency and reduces downtime in manufacturing, which is a key benefit of smart factories. By continuously monitoring equipment health and performance, IoT solutions can anticipate failures before they occur and drive automated interventions to schedule maintenance and avoid costly…