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The Internet of Things – Bringing Greater Business Benefits

Connecting devices to the Internet is not new, but the Internet of things is all set to completely transform the way we do things by automating our lives – connecting mobile devices to appliances, and just about everything—a shift that could bring about a great improvement in efficiency.

Connecting devices to the Internet is not new, but the Internet of things is all set to completely transform the way we do things by automating our lives – connecting mobile devices to appliances, and just about everything—a shift that could bring about a great improvement in efficiency. How, you ask. Well, the Internet of Things greatly involves increased machine-to-machine communication. Built on cloud computing and networks of data-gathering sensors to offer virtual, and instantaneous connection – the Internet of things is all set to make everything in our lives “smart.”

Fast gaining attention from businesses, consumers and even governments, the “Internet of Things” (IoT) has the ability to standardize network electronics and revolutionize intelligent device control.  Bringing the potential for driving efficiency, and unlocking new business opportunities, IoT also provides insights on how and when things work, along with advanced warnings when they don’t.

When implemented correctly, the Internet of Things brings major business benefits, including boosted productivity as well as a competitive advantage. Besides enabling organizations to utilize their business infrastructure and assets in innovative ways, IoT offers new services and delivers additional revenue. All forward-thinking businesses are already considering how to leverage data from non-traditional sources with customized technology for increased competitiveness. Business can make the best of a number of benefits that IoT offers.

Improved Operational Efficiencies – IoT uses real-time data from sensors to monitor and enhance process efficiency, reduce human intervention and energy costs. All data obtained can be utilized to minimize downtime due to maintenance, inventory, as well as time to market.

Better Safety and Security – Besides resolving situations faster by coordinating with multiple teams, IoT allows businesses to improve workplace safety and guard against physical threats using sensors and video cameras that help monitor equipment.

Faster Decision Making – Organizations can use real-time operational insights to make faster and smarter business decisions and reduce operating costs. IoT helps distribute intelligence and prioritize all business decisions.

Cost Benefits – IoT enables improved process efficiencies, productivity and through better asset utilization, thus allowing various cost benefits.

Improved Operational Efficiencies – IoT uses real-time data from sensors to monitor and enhance process efficiency, reduce human intervention and energy costs. All data obtained can be utilized to minimize downtime due to maintenance, inventory, as well as time to market.

Better Safety and Security – Besides resolving situations faster by coordinating with multiple teams, IoT allows businesses to improve workplace safety and guard against physical threats using sensors and video cameras that help monitor equipment.

Faster Decision Making – Organizations can use real-time operational insights to make faster and smarter business decisions and reduce operating costs. IoT helps distribute intelligence and prioritize all business decisions.

Cost Benefits – IoT enables improved process efficiencies, productivity and through better asset utilization, thus allowing various cost benefits.

As new technology hits the mainstream, the Internet of Things will continue to grow, connecting more of the world. According to Gartner, by 2020, 30 billion mobile phones, tablets, computers, wearable technology devices and other types of connected devices are likely to be in use. It is said that “Going digital is not an option, not an add-on and not an afterthought; it is the new reality that requires a comprehensive digital leadership”. Organizations need to therefore consider the choice of integrating traditional infrastructures with the new intelligent assets. This way businesses can focus on how their ability to manage, control and monitor intelligent remote assets and bring about material and measurable improvements in profitability and revenue.

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