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Digital Transformation refers to creating business models and value creation in the digital economy by leveraging business process change and process automation using digital technologies. There are inherent challenges in converting existing business models into digital opportunities. Also, a severe limitation is being faced in reusing existing IT assets along with digital technology stack.

Internet of Things (IoT) is essential in bridging the gap between traditional hardware with software systems, business applications with embedded systems, internet protocols & infrastructure with conventional telecom and networking infrastructure. It is making things simpler and manageable.