In the Era of IR 4.0, data is seen to be the most important element. Better and more accurate decision making can be made by leveraging and understanding the data insights. Even other technologies like Artificial Intelligence required data to be processed. Other than normal IT data, AI also required data from sensors because it higher details of information such as temporal and spatial.
SMEs can become more competitive if they use technologies to replace their current manual ways of accomplishing tasks. Digitization is the first step and followed by digitalisation which includes new workflow. By adding IoT, it will further aggregate more data for better insights and decision making.
Check details in the video below.