MANAGING in the

NEW WORLD

Cloud based technologies are combining to give the word smart a whole new meaning. The Internet of Things (IoT) has the ability to connect homes, phones, cars or even food product jars. The Economist Intelligence Unit has conducted business research on more than two hundred global products to discuss with business leaders on how best to leverage the smart economy. The pharmacy industry for example can have smart tags attached to medicines by which the tubes themselves warn the users on expiry dates and can even remind them about consuming them on time. Fitness bands tracking personal wellness has already made inroads. Source: http://www.cso.com.au/mediareleases/25215/how-iot-primes-a-new-smart-product-economy/

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