Internet of Things, Are You Ready?

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Internet of Things, Are You Ready?
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Contents

• Introduction
• IoT Examples?
• IoT Benefits
• For Industries
• The Internet of Things In Organizations
• The Internet of Things and Business Analytics

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Introduction

• The internet of things is what most businesses
  are talking about in this dynamic world or
  technological advancements. So, what exactly is
  the technology thats making every business owner
  so curious. The internet of things enables
  devices or things to be connected to the
  internet. Any device that can be turned on and
  off, can be connected. The IoT is being seen as a
  technology of the future for both business and
  personal use.
• Connecting devices to the internet will help
  automating some of their functionality and
  improve productivity. While people are talking
  about the Internet of Things, they are also
  talking about smart cities and smart
  transportation. Simply said, the the internet can
  be connected to a device to reduce manual
  processes.

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IOT Examples

• Here are some examples of businesses using IoT
  for improving business processes
• Devices are attached to products and surprise
  messages are given to consumers upon opening the
  product.
• Electricity usage is tracked and controlled in
  offices using an internet connected mobile
  application.
• Domesticated animals can be easily tracked using
  IoT and their theft can be tracked with ease.
• IoT devices are being used to track mechanical
  problems in aircrafts using the internet.

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IOT Benefits
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For Industries

• Manufacturing and industrial companies are making
  use of the internet of things for machine to
  machine communication. This is used for
  transferring information from a software to a
  machine and to another to make the production
  process more efficient.
• In this scenario, data security of of utmost
  importance as most of the data is stored on the
  cloud.

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The Internet Of Things In Organizations

• Many companies are digitizing their
  infrastructure to improve processes and
  productivity among teams. The key challenges that
  businesses are facing today include
• Return on investment from new technology
• Integrating new and old technology
• Improved consumer experiences through use of
  technology
• The IoT is enabling management teams to take the
  business ahead at a faster pace. Businesses are
  planning on how to take on the IoT as a
  technology that integrates within the existing
  systems and processes. The IoT is a long term
  project and the initial challenge is to get the
  top management to approve it.
• Here are some key steps in deploying an IoT
  project.
• Understand the project
• In-house vs Outsourced Teams
• Concept formation and approval
• Test launch
• Final Deployment
• A typical IoT project can take upto 3 years for
  deployment.

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The Internet Of Things and Business Analytics

• When a business starts to connect machines and
  software, then there is a large amount of data
  that gets collected. This data can be properly
  utilized for business analytics and intelligence
  for future improvement and planning. the
  challenge that most businesses face is, how to
  use large amounts of data for proper business
  analysis.
• The business data can be used for trend analysis
  and improving organizational performance.

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Types Of Business Analytics

• Periodic Data
• The data used here is the one collected on a
  periodic basis - monthly, weekly or daily. This
  is used for trend analysis and future performance
  improvement.
• Real Time Analysis
• This type of data analysis helps in improving
  customer experiences by controlling the failure
  rate in machines and processes.
• Forecasting
• This kind of analysis is helpful for planning the
  future business outcome. All kinds of business
  data is gathered using this technique to forecast
  future business performance for business
  productivity as well as customer experiences.

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Choosing The Right Partner

• Businesses looking IoT apps must hire specialist
  teams Hiring remote developers from a service
  provider like ValueCoders is very helpful.

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Get in Touch

• sales_at_valuecoders.com www.valuecoders.com
  
• www.facebook.com/valuecoders
• www.twitter.com/valuecoders
• www.linkedin.com/valuecoders