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The ability of IoT technology to simplify the adoption of artificial intelligence is precious to consumer product companies. The robustness of consumer companies' IoT initiatives will determine whether they benefit from the rise of IoT. A well-thought-out IoT strategy and execution will improve supply chain efficiency and align products with modern, post-COVID consumer behaviour. It must be noted that the network is not only restricted to computers but also has a web of devices of various sizes and kinds, including medical instruments and industrial systems. Expert analysts put forward the inherent capabilities of IoT devices to not only communicate and exchange information but also create a starting point for new, fresh revenue sources, ignite the business foundation and business models and enhance the techniques of services that propel numerous industries and sectors. |
