Companies should take a “think big, start small, scale fast” approach as they incorporate IoT into their operations. This involves driving IoT from a business case, not pushing a technology into operations simply because of its fascinating potential. Digitalization is a key competitive advantage for all businesses to stay successful and relevant in the minds of consumers and end users. IoT has already set sail, and companies must make an investment and drive business models that create consumer value in order to stay afloat. (Source: Association for Corporate Growth, 2019).
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