The Internet of Things (IoT) promises to reshape entire industries. The business value can be profound—ranging from digitizing an organization’s internal operations and customer experience to unlocking disruptive new digital products and business models.

There are two fundamental opportunities for IoT to create value within the enterprise:

  1. Connected Products: Companies can engineer new IoT-enabled features and services into new connected products to differentiate and improve experiences.
  2. Connected Business Processes: They can use IoT to improve their operations with better, smarter information.

There are many companies who are already taking advantage of the data explosion driven by IoT, using machine learning and predictive analytics to optimize, innovate and transform their business by building IoT applications, also known as Smart Apps.

Here are some examples of IoT Applications in different industries:

An equipment tracking app provides an airline’s engineers with a live view of the locations of each piece of maintenance equipment. By increasing the efficiency of engineers, this IoT application is not only generating significant cost savings and process improvements, but also impacting the customer experience in the end through more reliable, on-time flights.