If you haven’t been living under a rock, you must be aware that all companies across all industries and all sectors are undergoing digital transformation. Digital transformation refers to the process of upgrading traditional or existing technology with the latest and most advanced processes. One such technological process that companies are turning to for increased productivity and accountability is ‘Internet of Things’.

IoT is causing a massive disruption in business processes as it provides innovation in the company’s products and services, and monitor risks and costs in their business operations. Now, the traditional method of monitoring, that is, sitting in front of 5 monitors displaying different dashboards, has been rendered obsolete and ineffective. This is because now, the volume, velocity, and variety of information is too large to governed by humans.