As a businessman, you might be having many questions. Where is your business going? Is it thriving, static or deteriorating? How can you make it at par with modern technology breakthroughs to ensure your business is set up for the long term? How can you make your employees more efficient and reduce costs at the same time? What can you do to make your customers satisfied? How can you make the optimum use of the resources you have? The answers to these and many such questions already exist in your business. You just need ideas, inspiration, and technology partners to help you, not in surviving in the market but to make your business prosper.
Everyday new trends and technology takeover the market; many of which you are still unaware of. The Internet of Things, also known as IoT, is one such trend. IoT basically means each thing in the world has capability to connect, produce and transfer the data. Thus, it erases the line between digital and physical world. IoT in business is the first step in making your business go Digital.
IoT is much hyped as billions of devices and systems connected but think of it as Internet of Your Things. It is a good time to look beyond the hype. Create a strategy to unlock the potential of the Internet of Your Things to generate ROI and drive efficiencies and insights for your organization. Moreover, IoT in business helps you realize real, transformative results in your organization.
Simply put, these connected “things” are producing large amounts of information. Tap into those data streams and connect them to the cloud and back-end systems. You can thus optimize business processes and decision making, identify new revenue opportunities, and better understand customer and partner behaviours.
Robots on a factory floor send production and maintenance information directly to those who need it, for unparalleled reliability and uptime. Sensors installed inside an equipment will check if any part is not at par with its designed thresholds and will automatically send reports to owners and manufacturers if they have. In each case, new insights are generated that drive the organization’s objectives forward on many levels.
IoT starts with identifying the one process, product line or location that matters most and then making small changes with a big impact. Find few key areas of your business that provide the quickest return and aim to optimize them by connecting your people and infrastructure together. The power of IoT in business and your existing assets enables you to:
Connect your already existing data and systems with new data sources to gain new insights into business which are futuristic and efficient
Scale your IoT project to your business needs and get started quickly
Capture, analyze, and mine disparate data to create new insights and predict future outcomes.