Hey there!\nI'm glad you asked this question over here.\n\nBelow are a few points which will give you an idea of how you can utilize IoT for enhancing the growth and development of business:\n\n1. IoT devices generate a huge amount of data, this data can be used to get improved insights and provide enhanced customer experience.\n\n2. IoT solutions help in asset tracking and monitoring which in return optimizes the supply chain.\n\n3. IoT sensors and devices provide the ease of tracing and fixing the industrial equipment failure in very little time and help in saving cost and time.\n\n4. By tracking the worker's movements and their processes, IoT can help in improving the efficiency of production line.\n\n5. IoT can also enables the feature of controlling equipments from distance. This is helping a lot to industries and increasing their productivity even in this COVID-19 situation.