Internet of Things, Are You Ready?

Contents● Introduction● IoT Examples?● IoT Benefits

○ For Industries○ The Internet of Things In Organizations○ The Internet of Things and Business Analytics

Introduction ● The internet of things is what most businesses are talking about in this dynamic world or technological

advancements. So, what exactly is the technology that’s making every business owner so curious. The internet of

things enables devices or things to be connected to the internet. Any device that can be turned on and off, can be

connected. The IoT is being seen as a technology of the future for both business and personal use.

● Connecting devices to the internet will help automating some of their functionality and improve productivity. While

people are talking about the Internet of Things, they are also talking about smart cities and smart transportation.

Simply said, the the internet can be connected to a device to reduce manual processes.

IOT ExamplesHere are some examples of businesses using IoT for improving business processes:

● Devices are attached to products and surprise messages are given to consumers upon opening the product.

● Electricity usage is tracked and controlled in offices using an internet connected mobile application.

● Domesticated animals can be easily tracked using IoT and their theft can be tracked with ease.● IoT devices are being used to track mechanical problems in aircrafts using the internet.

IOT Benefits

For Industries● Manufacturing and industrial companies are making use of the internet of things for machine to

machine communication. This is used for transferring information from a software to a machine and to another to make the production process more efficient.

● In this scenario, data security of of utmost importance as most of the data is stored on the cloud.

The Internet Of Things In Organizations Many companies are digitizing their infrastructure to improve processes and productivity among teams. The key challenges that businesses

are facing today include:

● Return on investment from new technology● Integrating new and old technology● Improved consumer experiences through use of technology

The IoT is enabling management teams to take the business ahead at a faster pace. Businesses are planning on how to take on the IoT as a technology that integrates within the existing systems and processes. The IoT is a long term project and the initial challenge is to get the top management to approve it.

Here are some key steps in deploying an IoT project.

● Understand the project● In-house vs Outsourced Teams● Concept formation and approval● Test launch● Final Deployment

A typical IoT project can take upto 3 years for deployment.

The Internet Of Things and Business Analytics● When a business starts to connect machines and software, then there is a large amount of data that gets

collected. This data can be properly utilized for business analytics and intelligence for future improvement and planning. the challenge that most businesses face is, how to use large amounts of data for proper business analysis.

● The business data can be used for trend analysis and improving organizational performance.

Types Of Business Analytics● Periodic Data

The data used here is the one collected on a periodic basis - monthly, weekly or daily. This is used for trend analysis and future performance improvement.

● Real Time AnalysisThis type of data analysis helps in improving customer experiences by controlling the failure rate in machines and processes.

● ForecastingThis kind of analysis is helpful for planning the future business outcome. All kinds of business data is gathered using this technique to forecast future business performance for business productivity as well as customer experiences.

Choosing The Right PartnerBusinesses looking IoT apps must hire specialist teams Hiring remote developers from a service provider like

ValueCoders is very helpful.

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