Business owners are becoming increasingly adept at utilising the internet of things (IoT) to make their business more efficient and reduce its reliance on landfill.
The IoT, which includes everything from smartphones to wearables to remote controls, has created a new market opportunity for businesses that use it to improve their efficiency and cut down on waste.
A new wave of IoT products are being developed to help them do this, according to research by research company, the IoT Innovation Alliance (IIA), which has compiled a report on the trends in IoT, using data from global brands.
This includes devices like smart locks and the new smart fridge, which uses sensors to detect when a customer is in the house, and send a message to alert them.
There are also more sophisticated IoT products, like smart door locks and thermostats, that can sense and adjust temperature to protect against heat and cold, and can also detect when an appliance needs replacing.
In the past few years, the number of IoT devices being sold has grown exponentially.
The report also looks at the trends of IoT usage, with IoT devices and their use in the real world, and how they can benefit businesses.
This is an important topic in the IoT space because it is an area of significant growth and innovation, according the IIA.
“With this new wave in the market, businesses have become increasingly savvy in the use of IoT as a means of reducing their waste and increasing efficiency,” said IIA CEO, Paul Daugherty.
“For example, it is becoming increasingly popular for companies to create and sell IoT products.
This can be a significant cost saving and it can also make it easier to integrate IoT devices into their existing processes.
This has led to significant growth in IoT usage in the global market.
In the UK, for example, IoT is expected to grow to a value of more than $8.8 billion by 2020, and to reach more than 10 billion connected devices by 2020.
As a result, IoT devices are increasingly being used in all sorts of industries from consumer products to healthcare, where it can be used to help reduce waste, improve productivity and reduce the environmental impact of manufacturing.
In India, the trend has been even more pronounced.
India is now the second largest market in the world for IoT, after the US. “
India’s IoT growth is driven by its emerging economy and a growing number of smart homes that have been built using IoT technology, including those with embedded sensors, and are available to use in a wide range of services,” said Shashi Kaul, managing director, global business development, ITG, who also contributed to the study.
India is now the second largest market in the world for IoT, after the US.
According to Kaul: “With this in mind, IoT in India is an increasingly important area of opportunity for both businesses and consumers.
The IIA also noted that IoT has the potential to create a global shift in how business operates, and the IoT will also become a key component in building a better global economy.”
There is a growing demand for better information, more accurate forecasts and timely alerts on products and services, as well as new forms of automation that can help businesses make smarter decisions,” he added.
Companies are also looking to IoT to create new products that can meet their needs.
For example, many businesses are turning to IoT devices to make better decisions on how to deliver products to customers, while others are looking to use IoT sensors to help identify waste in the workplace, and provide data to reduce waste in supply chains.
In China, the growing popularity of IoT and the growth of its use has also led to a new wave.
According the IEA, in 2016, the market for IoT devices was worth $3.2 trillion, with a growing market share of around 50%.
The ICAE also noted the growing importance of IoT in the Chinese market, noting that the Chinese government and companies have been focusing on IoT as the future for a long time.
China’s economy is expected grow at about 5% this year, up from 4% last year.
According to the ICAO, IoT growth will be driven by increasing adoption and use of devices, as more consumers adopt the technology, and more businesses adopt it.
But, as the report noted, the future of IoT is still uncertain, and many organisations still lack the resources to effectively invest in the development of IoT technologies and the supply chains they are built on.