Internet of Things, popularly known as IoT, is shifting the scale of businesses making them smarter day by day. Bain’s prediction reveals that the revenue for IoT vendors will exceed $470 billion by 2020. Establishing smarter interaction with customers, IoT is going to become one stop solution for every industry. IoT merges data created by humans with data generated by machines for real-time operations like in home automation system, connected vehicles, and geo-fencing. To know how IoT influences businesses take a look on – 5 ways in which businesses can benefit from IoT solutions.