Business phase in the world is gradually changing, and so is technology. Nowadays, technology is being used extensively in various sectors like manufacturing industries, education, business, telecommunications, and more. Technology is changing the face of business and companies. Moreover, it has taken up with a range of technical concepts like the Internet of Things, Industrial Internet of Things, Blockchain, Machine Learning, Artificial Intelligence, and lots more. The advanced technology and the technical concept has worked up amazingly that has helped in pragmatic growth of the company or business. Furthermore, the industrial technology era has given the industries lots of fascinating and smarter techniques. 

With this article, we intend to explain how IoT (Internet of Things) helps us transform our business model, generating a different impact on a company, suppliers and customers through innovative initiatives and through IoT technologies.

The infiltration of technology among masses is like never before, this has led to many indefinite options and expansion in the ideologies and thinking and how it affects our day to day life is amazing. Dependability on the ease of the internet as well as the use of Wi-Fi connectivity gadgets has increased threefold in just a few years. One such change in the way of technology development constantly rising with years of operation is IoT or more specifically IIoT, in this article we will deal with a detailed explanation of IIoT and its implications.

Internet of Things (IoT) is certainly being a winning zone for those that already create good for consumers if they can successfully keep moving to become a service-oriented organization. This sounds sense than traditional technology companies trying to leverage selling personal goods for users.