IOT or Internet of thing is ringing bell everywhere.
Most businesses are talking about it. IOT enables devices or things to connect to the internet. Any devices that can be turned ON and Off can be connected to the Internet.
IOT is believed to be the technology of the future. It can be used for both businesses and person use. Connecting devices to the Internet will help automation and improve functionality and productivity. This interconnectivity of devices will help make smart cities a reality and also automate transportation. Let’s look at how IOT is already benefiting businesses Industries.
Industrial and manufacturing companies are using IOT for machine to machine communication and reducing the cost of manual labour and at the same time reducing the element of human error. Information is transferred from device to device and security is of utmost Importance as most data is stored in the cloud Organizations.
IOT tech is helping management teams increase the pace of business growth. Many businesses are still skeptical but are trying to accept IOT as it requires integrating within the existing systems and processes. The integration process is a long one and it might take up to 3 years to integrate it.
Internet of Things and Business Analytics.
A large amount of data is collected when a business starts to connect machines and software. The collected data can later be used efficiently business analytics and intelligence that is improving future planning. The business data can be used for trend analysis and improving organizational performance.
Organizations are at different stages of utilizing internet of things for business and developer like TechTIQ in UK are already building IOT integration software’s to meet this growing demand. Some are already using it in the business, while others are in the process of deployment. The IoT is transforming businesses in a big way and giving a whole new meaning to digital disruption.