Three very different stocks all offer investors an opportunity to benefit from structural changes in their end markets that have been inspired by technology. Agricultural equipment company Deere (NYSE: DE) has a growth opportunity from its smart farming solutions. Zebra Technologies' (NASDAQ: ZBRA) mobile computers, barcode scanners, and printers help companies better manage their assets. Meanwhile, smart water technology company Xylem (NYSE: XYL) is seeking to expand sales of its smart analytics solutions. All three have long-term growth prospects which could lead to good returns for investors in the coming years, so let's take a closer look at them.
Despite some very difficult end-market conditions in the last few years, Deere continues to seek strong rates of adoption for its precision agriculture solutions.
These technology-driven solutions (including telematics, onboard computers, and analytics) help farmers to better steer, guide, and control farming equipment. Meanwhile, the automated data collected from Internet of Things (IoT) sensors can then be analyzed in order to control planting and seeding and ultimately improve crop yield.
Source Fool.com