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With every passing day, the Internet of Things becomes a larger and more integral part of our personal and professional lives. A seemingly limitless array of connected devices, embedded with sensors and software, are helping make the things we do easier, faster, more efficient, and better informed.
IoT is certainly now starting to make a real mark in the business world in particular. Organisations all over the world are seeing the potential of IoT to monitor their business-critical processes (and perhaps even automate them), gain more detailed insights for informed decision-making, and trim inefficiency out of normal day-to-day operations.
But how does this work in practice? What are the specific use cases for IoT? And how can it be kept secure? All of these questions will be answered in this blog.
How can IoT enable efficiencies?
Understanding the full potential of IoT in delivering business efficiency requires a degree of thinking outside the box – and that’s because the potential lies in just about every area of a business that you can think of. Here are a few examples:
- Making sense of data: never before have businesses had access to so much information – and it’s increasing all the time. IoT devices can collect this data, and its supporting software can help pick out the most relevant and important information to drive insights.
- Rationalising software: with so many different applications around, it’s easy for businesses to become disjointed and fragmented technologically. Applying one overarching IoT ecosystem can ensure all technologies talk to each other, and keep data more consistent.
- Reducing workload: connected to the previous point, if employees have access to a single source of data truth that’s shared across every application, their time won’t be wasted by replicating data entry or being hampered by inconsistencies.
- Removing hardware: an IoT ecosystem enables all business data to be hosted in the cloud, which means instant savings in utility and real estate.
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