Internet of Things
The digitalization of value-creation processes in all industries is accelerating considerably. In particular, new mobile data applications that connect machines (M2M) increase productivity in all business segments. Studies show that efficiency can be increased and average costs lowered by more than 20 percent by implementing mobile business solutions (source: WIK 2020).
However, not everything that is technically possible can also be implemented at a company or integrated into an existing business model.
In order to utilize the main economic advantages, every company must answer the following key questions: