Bockmary7 commented on the following stories on BizSugar
It totally depends upon the nature of your business. IoT devices connecting consumers in new ways with more interactions, they’ll have greater access to that data than ever before. Smart devices will be able to track and record patterns of consumer behavior, and possibly even learn from them, making intelligent product recommendations and customizing searches in new, innovative ways. Companies can start taking advantage of this by using these data-based insights to come up with more effective advertising, and get to know their target demographics on a more specific, qualitative level. Chances are, you’ll have more data at every stage of the consumer buying cycle, from research to purchase and implementation. In the near future, smart devices should be able to keep tabs on inventory changes completely automatically, freeing up your workers for more important, cognitively demanding tasks. It’s not just about the “smart home” anymore—it’s also about the “smart office” and “smart warehouse"."