Internet of Things (IoT) technologies present businesses with unprecedented opportunities. The IoT enables companies to embed digital technology into the products they sell, creating new value streams and new aftermarkets. It drives supply chains that turn components into products and bring them to market, creating new top- and bottom-line efficiencies. It can track and reveal consumer preferences and behaviors, generating new insights and improved digital customer experiences that produce loyalty and new revenue. And that just scratches the surface.