Unlocking the Benefits of the Internet of Things (IoT)

March 6, 2019

The Internet of Things is a network of physical objects – vehicles, machines, home appliances, and more – that use sensors and APIs to connect and exchange data over the Internet.

 

IoT platforms and architecture

  • Cloud-based IoT platforms and architecture connect the real and virtual worlds. They help companies manage IoT device connectivity and security – as well as collect device data, link devices to backend systems, ensure IoT interoperability, and build and run IoT applications. 

  • Harnessing the IoT data explosion - Smart devices generate a massive amount of IoT data that needs to be analyzed and leveraged in real time. This is where predictive and Big Data analytics come into play. Machine learning is also used to add context to data – and trigger actions without human intervention.

  • The Industrial Internet of Things (IIoT) & M2M - In manufacturing, the IoT becomes the Industrial Internet of Things (IIoT) – also known as the Industrial Internet or Industry 4.0. The IIoT uses machine to machine (M2M) technology to support everything from remote monitoring and telemetry to predictive maintenance.

 

Major Benefits of deploying an IoT Strategy

 

  • New business models and revenue - Automatic product replenishment? Subscription services? Apps? The IoT is disrupting traditional business models and creating massive opportunities for companies to create new services based on real-time sensor data and information.

  • Operational efficiency - One of the biggest benefits of the IoT is the efficiency it can offer. Many companies are using it to automate business and manufacturing processes, remotely monitor and control operations, optimize supply chains, and conserve resources.

  • Workforce productivity - Wearables and other IoT-enabled devices are boosting workforce productivity and job satisfaction in many verticals. The technology is helping employees improve decision making, automate routine tasks, fast-track communication, and more.

  • Enhanced customer experiences - From integrating customer care with actual product performance and usage, to delivering highly personalized products and services, the IoT offers many ways to create more compelling customer experiences across digital and physical worlds.

 

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