The Whats and Whys of IoT!
The most dynamic and fascinating developments in information and communications technology are the invasion of the Internet of Things (IoT). Even Though networking technologies have become increasingly universal over the past decades, until now recently they have largely been restricted to connecting traditional end-user devices, such as desktop and laptop computers, and, more recently, smartphones and tablets.
Recent years have witnessed the coupling of a much broader range of devices to the network. These have included medical devices, household devices, vehicles, electric meters and controls, smart TVs and digital assistants such as Amazon Alexa and Apple’s Siri. Technical analysts estimated that there are currently more than eight billion such devices are connected to the network and predict that this number will expand to more than 30 billion in one decade. The increasing lineup of these devices has enabled new use cases for network technologies. Some experts say that IoT may bring out as much as US$13 trillion in revenue within a few years of time.
The distributed nature and the presence of physical sensors create both new opportunities and vulnerabilities from the standpoint of security and privacy. To date, however, the industry, end-users and the academic community have only just begun to appreciate what the burgeoning deployment of this technology might mean and to study how to prepare for the challenges posed by this new technological environment.
Let’s take a look at how this fascinating technology would help our business to flourish…
Enhanced Business Opportunities:
IoT widens the window for new business opportunities and helps to attain new revenue streams in a go. IoT driven innovations extend to build strong business cases, reduces the time spent in the market and pulls in more return on investments. IoT potentially transcends the way businesses approach the world beyond connectivity.
Flawless Customer Service:
Rendering a wonderful customer service is a critical campaign in every business. IoT devices tend to adjust and refine services according to the personalized needs of the customers. The next-generation customer service is all about connecting smart devices, smart products with smart people and providing a seamless experience to achieve admirable service, loyalty and gain new customers. With the support of IoT, devices will directly interact and support customers.
Enriched Workplace Safety:
IoT ensures to render long term safety, with integrations organizations can pull in work environment data, analyze and respond in a way to keep workers healthy and safe. IoT not only steps on resolving problems faster by coordinating with teams but also helps the business to enhance workplace safety by installing sensors and cameras which support monitoring from anywhere.
Strengthened Asset Management:
Tracking of assets such as equipment, machinery, tools, and others using IoT connected sensor can be helpful. IoT application provides you real-time insights while the sensor helps you better operate the system and detector locate the issue to take immediate action. Just imagine you are not around the machine and if something like overloading or overheating as the situation occurs. It could be dangerous. But, IoT smartly switches off the equipment and informs to take immediate action. In some cases, it will notify you in advance so that you can take preventive measures.
Smooth Operations :
IoT can connect through various devices to the internet and therefore it allows enterprises to real-time operational insights. Subsequently, it helps them analyze things and what manage production and focus more on organizational productivity. When you have data on logistics networks, factory floor, supply chain, and others, you can efficiently manage things.
Eric Schmidt says, “The IoT will augment your brain”
Internet of Things (IoT) is gaining momentum across!
When we dive deep into the IoT world, we find ourselves surrounded by lots of complexities. On the other hand, IoT simplifies everything that business enterprises or company needs. But, it also brings some challenges that a business needs to be ready to solve.
By and large, you get the benefits of IoT, but that will not easily strike. You need to learn so many things to integrate IoT devices into the business process. Or you can hire an IoT App Development Company who will help you integrate this prominent Technology in-order to boost your business growth.
We aspire to hear from you!
Tell us how IoT turned things inside out!
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