Internet of Things and How IoT Helps in Enterprise Success
We are now entering into the world that is SMART. Lately, smartphones, smart cars, smart thermostats, smart meters, etc are on almost everyone’s tongue. Customer enthusiasm for everything smart is growing at fuelling rate across sectors. These devices are actually all part of an emerging category called the Internet of Things (IoT)
What is the INTERNET OF THINGS in a real way?
Basically, IoT refers to the connection of objects (mostly of daily use) to the Internet and to one another, with the goal of providing a much efficient and comfortable user experience.
The idea is based on creating a new constellation of inanimate objects that are designed with built-in wireless connectivity so that user can monitor and control them via the internet and mobile applications.
The types of objects span a wide range of categories, from cars to street lights to heart rate monitors, anything. IoT is being applied to every section of the market.
IoT and Business:-
The IoT has extended its applications past the home and can potentially benefit the growth of business ventures. IoT is leverage to the technology hub which is accelerating the fourth industrial revolution.
Internet of things provides enterprises with both the cost reduction and new revenue opportunities. It is expected by 2020 that 25 billion things will be connected to the internet, benefitting around $2 trillion to the world economy.
Expanded Big Data:-
Sensors deployed IoT devices to collect and analyze data, and then share it among themselves. This doesn’t stop here, they are able to automatically order the items that are short in the stocks.
Business process monitoring:-
What is measured can be improved. Connected devices bring detailed monitoring of already highly monitored conditions like temperature, moisture, light, etc and make adjustments to maintain them at required levels. Wearable devices can be applied to individuals with integrated sensors and their activity can be monitored and information can be recorded —which can enhance productivity.
Continuous customer engagement:-
connected devices provide an ability to interact with and control products by using the internet. These capabilities can monitor products and provide proactive support. Connected devices give businesses the ability of GEOLOCATION which increases the visibility of local businesses to the customers
IoT is replacing existing technology. Companies are now open to change. The Internet of Things has now become one of the most familiar — and perhaps, most hyped — business and technology. The hype is entirely justified.
