The IoT will also accelerate our ability to capture, analyze, synthesize, understand and share information like never before. It is imperative that advanced economies bring developing markets along for the ride as the pace of the IoT accelerates. The IoT wave of technology will impact us in ways that change the game.

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Digital transformation refers to the changes associated with the application of digital technology in all aspects of human society. Digital transformation may be thought as the third stage of embracing digital technologies: digital competence → digital literacy→ digital transformation.

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