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IoT technology is important to businesses because it allows them to gather data and insights from connected devices and use that information to improve operations, increase efficiency, and drive revenue. For example, using IoT sensors and devices, a manufacturing company can monitor and optimize production processes, while a retail company can track inventory levels and customer behavior in real-time.
Additionally, IoT can enable new business models and revenue streams, such as offering new services to customers based on data collected from connected devices. Overall, IoT technology can help businesses gain a competitive advantage and drive innovation.
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