The increase in the demand for IoT technology can be attributed to the growth in digitalization. The customers of 2019 look for fast and convenient experiences—when purchasing products, ordering supplies, licensing software, and outsourcing services. Digitalization helps organizations service customers over the Internet. The technology that enables this connection is IoT.
What Is IoT and Who Needs It?
The official definition of IoT treats technology as an umbrella term, which covers a system of connected physical and digital components. Each IoT component has a Unique Identifier (UID), and can transmit data without the assistance of mediators.