In recent years, Internet of Things (IoT) has not just grown at a rapid pace, but revolutionized technology as we know. From smart offices to travel, different inter-connected physical devices are changing our daily lives by getting connected to the internet through this evolving, yet extraordinary, technology.
How does IoT fit in the larger schema of things? So far, IoT has been largely responsible for automation of Business Processes and enabling innovation on a grand scale. Increased efficiency through reduced manpower, data-sharing over a wider network and accessibility to remote locations are making it easier for businesses to expand.
Here are 4 major factors that should encourage businesses to explore IoT, if not already started:
Accurate Predictions:
Real-time inputs gained from IoT and Connected Devices are a game-changer for businesses. By analyzing previous records, establishing a pattern and providing accurate insights, Automation helps predict disasters and simulate outcomes for a more data-influenced decision-making.
‘Smart’ Monitoring
Machines and devices that are IoT-enabled experience a higher run-time. Any glitches or issues within a particular device in a running process can be easily identified and corrected/replaced without losing much time.
Life-saving Applications
IoT finds tremendous applications in healthcare and medical domain. 24*7 patient monitoring, real-time patient health status and even emergency medical care deployment is being made possible through smart devices like smart-watches and smartphones. Apart from this, IoT helps automate and monitor hazardous work environment to detect emergencies in real-time.
All-round Efficiency
Simply put, IoT is helping businesses to make the most optimized use of their resources. Better use of available manpower, increased working capacity, faster turn-around-time and a more secured online functioning are just a few of the benefits for businesses moving towards automation.
We all are well-aware of how convenient our lives have become with the introduction of smart devices like smartphones and smart-watches, but the future holds much more than that. Imagine living in a “smart city” with infrastructure that works on the principles of Artificial Intelligence. By the year 2025, almost all the cars are expected to be connected by the internet, making the concept of ‘driverless-driving’ possible. The best part is, that we are just getting started and the full potential of IoT still remains to be explored.