Trends in the Development of the Internet of Things and IoT-Related Changes in Business and Everyday Life

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Elena Gakhova

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The Internet of Things (IoT) technologies are increasingly utilized across industrial, commercial, and domestic spheres. They enable the collection of empirical data, identification of cause-and-effect relationships, situation modeling, forecasting, and support effective social and economic decision-making. IoT contributes to enhanced safety, time and energy savings, cost reduction, and revenue growth.

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