The emerging technology has brought the world totally under its control. The connected devices and smartphone holds complete information about a user, such as present location, interests, holiday planning and more are the evidence for technology advancement. In terms of digital connections, IoT plays a vital role, and that has reflected in India's IoT market growth. According to the sources, IoT market is expected to grow at a CAGR of 28.2 percent by 2022 with most of the adoption would be in the manufacturing, production and logistics sectors. SMEs being keen in embracing innovations are adopting IoT technologies for several aspects. Let us check out a few IoT implementations in SMEs.

Tracking

IoT’s sensors and monitoring systems are aiding in tracking. SMEs tend to have limited resources which could affect the manufacturing unit. Thus, to be competitive in the industry SMEs are leveraging IoT technologies. By attaching IoT sensors to machines, the small businesses can measure vibration, temperature, and other mechanical elements. Using these sensors and monitoring systems in small businesses the technicians can get an instant notification if anything exceeds the limit. Eventually, small businesses can improve their productivity, efficiency and overall performance.

Protection

The technology advancement has simultaneously increased security threats. Creating policies to protect the data and practicing it regularly would aid in minimizing security issues. Furthermore, with increasing IoT innovations the security issues would also be reduced.

Improved Performance 

Using IoT devices, small businesses can improve their productivity and efficiency. IoT's smart lightening, office-based supplies and other IoT facilities save time and money. The benefits IoT bring in is endless would reduce the manpower and save the employees time and energy enabling them to focus on other crucial tasks.

Small businesses can leverage IoT for their digital transformation. By upgrading their skills the small businesses make way for huge opportunities that would help them to transform their dream into reality by enhancing their productivity and overall performance.