With Industry 4.0, the Internet of Things (IoT) technology is entering the next phase of innovation. IoT is poised to disrupt our lives, just like mobile technology.
The IoT is primarily defined as a growing ecosystem of internet-enabled devices that includes software, sensors, and more. It enables machine-to-machine interaction and eases communication between devices. IoT technology allows organisations to collect, exchange, analyse, and interpret data in real-time. The unique value of this data is that it unfolds significant consumer insights in the context of real-time situations and make informed business decisions. This promises to transform customer interaction for companies and help them build a new paradigm for customer relationships. On the other hand, IoT has brought several security, connectivity, and integration challenges. Any company that wants to realise the full potential of the technology will have to ensure that these challenges are thoroughly addressed.
With the speed at which the IoT market is moving, several industries are transforming in a big way. The technology is helping the transportation industry in the effective public transport fleet and route management, telematics, and traffic jam reduction. Besides, the introduction of some of the futuristic innovations, such as driverless cars, is also gaining impetus due to IoT technology. Another beneficiary is the healthcare industry, which is using IoT for at-home recovery and rehabilitation, chronic disease monitoring, medical consumption optimisation, early identification of diseases and risk factors, smart pharmaceutical research and development, and various others. The retail industry is leveraging the technology for smart logistics fleet management, on-time parcel delivery, and warehouse management. Many other industries, such as construction, public administration, manufacturing, and agriculture, are catching up on the IoT adoption as well.
Many IoT service and solution providers are coming up with various techniques and strategies to help organisations adopt IoT technology to improve their business operations. Acknowledging the rapid development of the IoT market, CIO Applications Europe has compiled a list of Top 10 IoT Companies in Europe to guide organisations harness the power of IoT technology and ride the innovation bandwagon.
With innovative and path-breaking technological capabilities up their sleeves, these companies are continually proving their mettle in the field of IoT innovation. We hope this issue of CIO Application Europe helps you build a long-lasting partnership that your firm needs to excel in this competitive market.
We present to you CIO Application Europe’s “Top 10 IoT Companies in Europe-2020.”