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IoT (Internet of Things) is a network of physical objects/assets embedded with sensors, controllers, processors, software and other tech, allowing them to be connected to the internet and exchange data. Leveraging IoT can enable companies to collect real-time data, monitor their products, services and operations, and make more informed decisions. However, over 50% of IoT connectivity projects fail in the trial phase. To avoid this, companies should ensure they have the right technology, resources, and expertise, as well as a clear understanding of their goals and objectives.