The invention of the internet revolutionized the lives of people. Communication has never been as easy as it is now. We can simply sit at home and enjoy a long conversation with our loved ones sitting at the other end of the world. In short, internet has opened up doors to more inventions that are making connectivity and communication simpler.
What if it were to say that the internet would be connected to things? Well they are connected to devices like smartphones and laptops. We can watch a movie, read a book or even share and connect with people around the world. Internet of Things or IoT is a technological concept where all things would be connected to the internet. Objects of daily use would be able to send and receive data through the internet. As a result, work will become smarter and highly efficient. This particular technology allows the devices to gather data through iot sensors, electronics, software, connectivity and actuators. These multi-functional sensors then convert the data into digital information that can be sent or received via the internet to other devices for processing.
Iot Benefits for Business and Workplaces
1. Allows the management of the assets and enhances their utilization-
With many different types of businesses that the people engage into, some rely on equipment and tools for their work flow and their business. The advent of IoT devices and tools has helped the heavy duty industry as well as the industries that deal in minute machining processes. It has given these businesses a way to get great insight of their machining process. Furthermore, organizations can locate the exact area of problems and moderate the entire working process of the machines through IoT technology. IoT can help detect, analyse and inform about the critical threats and dangers. This gives the organization precision while manufacturing the products and also keeps the workflow steady. The information about machine parts while production gives insights when the machine will be not be functional. This allows authorities to replace the parts without wasting the manufacturing time.
2. Efficient process flow-
Advanced Iot sensors and their integration into application allows the head of the processing units to monitor and maintain the data collected from the logistic network, factories, and machines along with the supply chain. Hence, IoT has helped in simplifying the entire maintenance process of manufacturing and operations of a business.
3. More data gathering-
The sensors located with the integrated system of assembling lines and production of the products gives the company more opportunities and upgrading options. The data collected by the vehicles and machine parts give the managers and operational heads the total performance of the process. This helps the authorities to monitor the products of the product with ease and also gives the exact details of accuracy. The finished products are fine in quality and leave no room for defects. Iot helps the company grow and leaves great room for improvement and innovation.
4. Customer In-sight-
According to the survey done by Forbes, the IoT technology implementation in business planning and survey have grown over the years. Around 47% of companies and organizations have included the visual analytics of IoT technology as a part of the IoT business ideas. This basically means that companies would be tracking and monitoring their customers/Clients to gain a better understand of their behavior. Cameras would be set up using IoT integrated technology to study the reaction of the customers to new sales ideas, products promotion and marketing schemes. These camera would be integrated with artificial intelligence and analytics that would give the statistical data of the survey for better business planning.
5. Cuts the cost of the Company-
Almost all the business plans and strategies implemented by organizations funnel down to either of the two desired results. Either the company seeks to cut down on the cost or make the work process faster and generate more revenue. The implementation of IoT technology in business cuts down costs drastically. It also improves on the various process like the assets utilization, production and inventory.
6. Increases Productivity-
IoT can cause great boost in the business through optimizing the machines performances. Not only it is capable of cutting down the manpower by outperforming humans diligently 24×7 without tiring, it is also capable of doing the tasks efficiently without fail. The technology is such that it allows the predictive maintenance of machine, giving the exact condition of the working machine parts. The application integrated technology can achieve large scale work efficiently giving good business and increasing the profit of the company significantly.
7. Remote working –
One of the greatest achievements of Iot technology is the remote operation and data transfer. The use of the internet connection and communication allows devices to send and receive data through long distances (possibly across the globe). It allows the employees to operate, monitor and moderate the different areas of business efficiently. The integrated application end of this technology gives mobility along with remote command features.
8. Data and information tracking-
To understand how iot works, one must understand how the technology operates. The sensors in the devices receive and send signals as per the requirements. This data is received and sent via internet connection to the person in-charge. This data is either a signal or an update of the working. The person in-charge sends a command to the IoT device and via internet this is received by the IoT device to respond to. All the data and information stays in secure hands and can be tracked at every step. This gives efficiency and prevents unwanted accidents due to human error.
The business world has started implementing IoT technology in their daily work flow. Not only has it been more of a cost saver for the companies but it has also given scope for efficient handling of the machines. One may ask how iot will change the world. Simple! Just how the world has switched to smart devices using IoT technology making a smart home. Corporates, businesses and factories are adopting this futuristic technology making workplace safer, smarter and more efficient than ever before.
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Categorised in: Internet Of Things
This post was written by HIPL