The Internet of Things (IoT) has progressed rapidly over the last few years. While it has always been present in some form or the other since the 1980s, however, it really came to the forefront in the last decade or so. The applications of IoT in business have grown exponentially from real-time data insights to improving productivity and managing inventory to facilitating automation. With more and more businesses recognising the benefits up for grabs here, the growth potential of IoT is limitless. According to Fortune Business Insights, the global internet of things market is projected to be worth USD 2465.26 billion in 2029, at a CAGR of 26.4% during the forecast period of 2022-2029. Applications of IoT in Business Here are some of the many ways in which business use IoT to improve their efficiency and bring down their costs: 1) Customer Service Companies are able to provide tailored end-to-end…