Leadership Perspective – IoT Technology Adoption
The adoption of IoT and advanced technologies has been rapidly increasing, particularly in the post-pandemic era, and it has become a crucial component of strategic decision-making in almost every organization. In this context, a report highlights the insights shared by Mr. Sivaram Pothukuchi, an Evangelist for Industry 4.0 & Digital Transformation. The term "Internet of Things" (IoT) has been in existence since the 1960s, but its significance started to be fully understood by technology experts only from 2008 onwards. IoT refers to a network of interconnected objects facilitated by sensors, software, and other technologies to exchange data among connected devices. In industrial settings, businesses have embraced machine-to-machine communication to enhance efficiency, productivity, and speed, while also reducing costs and time. The year 2020 witnessed a major shift in the realm of IoT, catalyzed by an unforeseen global pandemic that reshaped business operations. Mr. Si...