The Internet of Things is helping create a more sustainable future
As businesses prepare for the new normal, now is the time to make smart decisions about the future. By 2023 it’s estimated that companies worldwide will invest $1.1 trillion in Internet of Things technologies, while the number of connections is forecast to top 3.5 billion devices and sensors according to market intelligence company IDC. This is one step towards creating the digital-defined business, where data drives decision making.
According to PwC, a professional services firm, 90 per cent of transport and logistics companies place a high importance on data and analytics for decision-making, more than in any other industry.
That data-led future is already being realised. In South Africa, IoT.nxt®, a part of the Vodafone Group, has worked on a number of trials with a major Port in Africa to integrate Internet of Things technologies into one of the world’s busiest shipping hubs. The work is designed to improve the visibility of assets while also providing telemetry information and enabling predictive maintenance by tracking and monitoring everything from vehicles and container trains.
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