How Internet of Things will power business processes in 2019

As advancing technologies integrate deeper into the everyday functions of businesses, companies are finding themselves faced with a paradigm shift towards a more intelligent and connected world. Amidst the maturing technologies leading this revolution is Internet of Things (IoT). By the year 2020, companies will be spending $310 billion in IoT every year. Some key IoT trends that can be expected to further gain tractions in the coming year are:

Centralised IoT systems will become a vital force to drive businesses:

A centralised IoT system delivered as a Software-as-a-Service (SaaS) solution can help businesses reduce their go-to-market cycle and increase the speed at which they innovate. It also helps them meet end-to-end security and scalability requirements – a key area of focus for most enterprises. The true potential of this will be unlocked when companies leverage this to integrate business workflows and take effective decisions, generating greater efficiency and savings.