What are the advantages of IoT?

<p>Key benefits of IoT technology are as follows:</p> <ul> <li><strong>Technical Optimization:</strong> IoT technology helps a lot in improving techniques and making them better. For example, with IoT, a manufacturer is able to collect data from various car sensors. The manufacturer analyses them to improve its design and make them more efficient.</li> <li><strong>Improved Data Collection:</strong> Traditional data collection has its limitations and its design for passive use. IoT facilitates immediate action on data.</li> <li><strong>Reduced Waste:</strong> IoT offers real-time information leading to effective decision making &amp; management of resources. For example, if a manufacturer finds an issue in multiple car engines, he can track the manufacturing plan of those engines and solves this issue with the manufacturing belt.</li> <li><strong>Improved Customer Engagement:</strong> IoT allows you to improve customer experience by detecting problems and improving the process.</li> </ul>