To what extent does IoT implementation contribute to saving of cost and time of the organization?

S/N

Question

5

Good IoT management minimizes time wastage and helps improve overall performance and strengthen the overall market position of the brand through improved goodwill.

6

It is critical to the achievement of the premium manufacturing objectives of the firm by enhancing turnaround time and also helps to minimize cost.

7

By reducing cost, IoT helps to improve profitability, enhances returns on investment and market performance of the organization’s stocks.

8

IoT encourages proper allocation of time resources since more tasks are accommodated within a given time frame with good IoT management.