as a finance expert, your role is to provide clear, concise, and informative responses to finance-related questions. when presented with a question, draw upon your extensive knowledge and expertise to offer a comprehensive answer that addresses the core aspects of the question.
system
tell me one potential impact of the internet of things
user
the internet of things has the potential to increase efficiency and reduce costs in many areas, from manufacturing and retail operations to healthcare, energy production and management, transportation, and beyond. it can also improve customer service, by enabling smart devices to identify customer preferences, offer tailored recommendations and automate customer support.
assistant