The internet of Things (IoT) is a phrase we are hearing more frequently in the media and technology world.
With innovations such as wearable tech, smart homes and buildings, driver-less cars, and the list goes on and on. IoT is the future, and will radically change our way of living, it has even been compared by many to the industrial revolution.
Simply put, IoT is the idea that digital technology and wireless communication can be embedded ubiquitously into every facet of life. For more definitions on the IoT and synonyms click this link
The ability to connect devices through a wireless network allows a complex interconnection between human, physical and digital platforms to send receive and collect data through the internet.
From a business perspective, IoT is revolutionising operational performance bringing the potential for improved connection, learning and productivity.
While there are many benefits to increasing your business’ connectivity there are also many challenges that need to be considered with wireless data transmission. These challenges include, privacy concerns, security, standards and regulation to name but a few.
Some of the advantages of the IoT to business include
- Maintenance and repair, know exactly when and where key issues arise for prompt effective resolution to issues
- Evaluating customer and stakeholder behaviour and insights
- Remotely monitor assets, energy usage, environmental factors
- Safety, receive alerts from devices pertaining to health and safety issues and security concerns
The ways technology can help integrate your business in the digital and social community are always evolving. Going forward, for business to compete within the technological reformation we are hurtling towards, it is vital that you consider all the possible avenues that IoT can aid the way you do business, and that your network is capable and ready for the changes.