The Great Things IoT Can Do for Your Business

IOT For Business

Abstract: What can new developments in IoT offer your business? Ride the wave of the IoT revolution to a smarter, more efficient future.

Over the last decade, IoT has gradually become a ubiquitous and taken-for-granted feature of the modern world, offering a promising range of technologies that free us from our more traditional boundaries and limits. The internet alone is a phenomenon that has the power to make our lives infinitely more convenient and efficient, and there is no reason why this tool should not be found wherever we go and in any of our various activities.

The next question is what the new developments in IoT can mean for your business. There are many ways that IoT can be used for streamlining and developing your practices, and those with the smartest ideas will take steps to implement IoT strategies sooner rather than later so that the company can make the necessary adjustments and reap the benefits at an earlier stage. For advice or assistance in the implementation stages, it may be advisable to Hire An IT Consultancy Team to ensure that the most efficient and productive solutions are found.  

Tracking

IOT For Business

Source: information-age.com

For businesses that are involved in making shipments, real-time tracking is a great benefit. Smart tags and sensors give us the chance to follow deliveries by location, and this is very useful for stock and inventory management. In the near future, it’s likely that smart devices will enable managers to keep up with inventories automatically for each item so that scanning will not be necessary and staff will be free to take on more challenging tasks.

Also Read: 3 Important Tips For Maintaining The Internet Of Things Security

AI

IOT For Business

Source: information-age.com

Personal assistants, such as Google Home or Amazon’s Alexa, can help us with the everyday chores that otherwise take time out of our day. In the workplace, this could include tasks like scheduling meetings, taking messages from callers, or transcribing emails or messages that you dictate. Assistants like X.ai or Mmeetsally offer the time-saving services of a secretary or a PA with maximum efficiency.

Smart Locks

IOT For Business

Source: alula.net

There’s no longer any need for carrying around metal keys when smart lock systems can provide building access to users, as well as recording whether a door is open or closed. With cameras installed, the building and entrance can be securely monitored and the business premises can be kept safe and sound without the extra financial expense of an in-house security team.

Data

IOT For Business

Source: analyticsinsight.net

Devices connected to the internet are each collecting data, and as Gartner estimates that by 2020 there will be more than 20 billion of these in existence, this is a large amount of data. The next step is to select the data that is relevant to us and our business objectives, and draw from it the ways we can create a business strategy to reflect consumer behaviour and trends. For example, keeping up to date on the buying patterns of your customers could help you to decide when to be available for business. If the vastness of the data collected feels a bit much, you could try out some Data Analytics Software, or find some assistance from data specialists, such as Scanalytics.

Advertising

IOT For Business

Source: information-age.com

The methods of advertising through IoT has the advantage of being personalised and specific to individual customers in a way that hasn’t been possible before. IoT advertising responds to the digital and real-world environments of consumers through technologies, such as cameras or online search. When a customer is thinking about buying a product, IoT can provide more information about the possible options. By advertising through social media or mobile apps, companies can increase their brand awareness and customer engagement.

Transport

IOT For Business

Source: techrepublic.com

Whether it’s for the daily commute or the need to travel throughout the working day, IoT can help to make things quicker by connecting mobile devices with vehicles. Through knowing about the flows of traffic on an immediate basis, drivers can take the quickest routes and stay ahead of the game. Any possible lateness can be known to all in real time to prevent anyone being kept waiting at meetings, and schedules can be updated accordingly. This can offer the potential to save on both time and money.

Remote Work

IOT For Business

Source: antistatique.net

In a world where an increasing number of white-collar employees are finding the opportunity to branch out from the office and work in their own time, at home, in a cafe, or even abroad, IoT widens the range of possibilities. With devices connected to the same network and apps for HR and other working functions, working remotely has never been easier. Research Suggests those working remotely are happier with their work, this could never be a bad thing.

With all this and more, IoT is sure to impact business practices in a big way, and it’s a phenomenon that will be beneficial for those that harness its power. Increasing use of internet on the go means that we have more data to gather and then analyse, there is a greater potential for advertising in a smarter way, and our smart assistants are there to help us wherever we go.

All of this and more means that there are more business opportunities for those who can connect the IoT dots, and as things stand, the dots are multiplying at a startling rate. The considerable improvements in convenience and efficiency translate to saved time and money, so those unafraid to ride the wave of the IoT revolution are likely to see a smarter and more prosperous future.