The Internet of Things has made many enterprises more efficient. This year it will start making them more competitive.

IoT covers a collection of technologies almost as wide as the Internet, and the range of uses is even more broad. Some just help you run your business better, while others can get you into a new business.

For example, a shipping company that attaches tracking devices to containers can more easily follow their movements and better understand its operations. If that same company installs temperature sensors inside chilled containers, it can guarantee food and drink shipments will stay cool and charge a premium for that service.

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