A glance over how IoT will change the business environment
Published By: Eunice Gettys on January 19, 2017 07:37 am EST
Honeywell International Inc. (NYSE:HON) will work together with Intel Corporation (NASDAQ:INTC) to work on internet of Things (IoT). The company believes that this will be a wonderful solution for retail and logistics. Revolutionizing retail with more digital and remote locations is the key to success for this industry in the long run.
The plan is that Honeywell will combine its data collection platform with Intel’s processing capabilities. This will help both of the companies to work on profitability. In this era, customers are shifting to the online platforms; they require real time, quick and, innovative data analysis and solutions.
Both the companies are of the view that transformation of the retail sector is important for success. For that the company needs to connect the digital retail environment with the physical environment for more profitable results. Shifting customers to digital environment is a must and will help the company to grow further.
IoT is the next best initiative for the companies. Consumers have to realize the benefits of IoT, which is going to revolutionize the way things work. Connectivity from a remote location is one of the benefits of IoT, which can lead to significant cost savings for the company.
Stock Update
Honeywell stock traded at $117.23 falling 0.70% at the closing bell on Tuesday, with the stock standing at the year-to-date (YTD) surge of 1.19%. The stock also traded at the 52-week range of $93.71–120.02 with the company possessing a market capitalization of a massive $89.68 billion.
Intel stock traded at $36.80 climbing 0.03% at Tuesday’s close with the stock trading in the 52-week range of $27.68–38.36. It has a YTD surge in the stock of 1.46%. Intel possesses the market capitalization of $174.78 billion, which is huge in the industry it operates at.
