“To IoTise Every Business” – a new term “IoTise” coined by Dr. Mazlan Abbas from FAVORIOT. It simply means using IoT to transform the business operations of an organisation.
Digital technology plays a key role in disrupting businesses by overhauling their 7M i.e. (1) Manpower (2) Material (3) Machine (4) Market (5) Method (6) Money (7) Management. Any businesses will somehow faced either one or two or probably all the 7M challenges. This is where technology like IoT can play a pivotal role in making them more competitive.
Check out the video by Dr. Mazlan Abbas below: