The Internet of Things refers to internet-enabled devices which are all interconnected to provide an intuitive experience and to make every device manageable within one network. According to CISCO Systems, by 2020, there will be over 50 billion internet-connected devices, with $19 trillion in profits and cost savings coming from IOT over the next decade. There’s an opportunity for your business to gain an early advantage of using mobile-enabled IOT solutions.
The IOT is a concept about connecting any device, machine or object to each other and to the internet. This allows the transfer of information over a network without the interaction of a human. For example, a piece of office equipment could monitor itself and notify you when there is a fault, or it could automatically order more supplies when it’s running low. This concept can bring endless opportunities and connections which could be highly beneficial in streamlining your business operations.
As the development of smart technologies continues to advance, we can expect more devices and machines to be interconnected to bring a more intuitive experience. But what does IOT mean for a business? With more IOT applications being developed, there will be more real-time data generated than ever before. This will allow businesses to take advantage of real-time data to further improve their products and services. Benefits of IOT devices and IOT applications:
IOT applications can help your businesses revenue in many different types of services like Agriculture where farmers can collect data about their crops through the IOT app. Infrastructure is another service that would be beneficial from developing an IOT application whereby an app can control and monitor production and then you can analyse production levels. IOT applications can help these types of businesses flourish.