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10 Ways Organizations Can Prepare for Changes Brought on by the IoT

Smart Data Collective

These companies are going to have to struggle with reduced competitive advantages and might lose market share if they can’t reduce their price points relative to more efficient competitors. Education can help people boost their expertise and develop the skills needed to run a business in an IoT-led business environment.

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Competitive Intel: A Complete Definition and Guide

Netbasequid

Say, for instance, you’re an airline; you find out that a competing airline has reduced the ticket price for a certain route and you do the same to maintain your customer base. You’re collecting information that’s readily available to anyone and must then magic it into competitive intel that offers your brand a distinct advantage.