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IOT in Enterprises

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The changing environment of industrial enterprises is characterized by increased competition, which encourages decision-makers to adopt a consistent approach to innovation and to seek new sources of competitive advantages. We are witnessing a change in the practices of individual industrial enterprises. These require their suppliers or impose to their customers an efficiency, reactivity and an adaptability more and stronger, passing gradually from a subcontracting of capacity to a subcontracting of function.

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IOT in Enterprises

  1. 1. IOT in Enterprises – The next big innovation or business process efficiency investment to leapfrog your competition and help you reach your mission-critical business goals. “By 2020, 40% of compute, storage and network infrastructure core and edge spending will go toward iot-related solutions that connects people, process and products.” - Anonymous
  2. 2. Introduction – IoT in Enterprises The changing environment of industrial enterprises is characterized by increased competition, which encourages decision-makers to adopt a consistent approach to innovation and to seek new sources of competitive advantages. We are witnessing a change in the practices of individual industrial enterprises. These require their suppliers or impose to their customers an efficiency, reactivity and an adaptability more and stronger, passing gradually from a subcontracting of capacity to a subcontracting of function.
  3. 3. IoT in Enterprises The Internet of Things can be a major driver of digital transformation, enabling new business models based on widespread devices and new data streams. For enterprises, the Internet of Things (IoT) currently represents something of a double-edged sword. On the one hand, there are manifold opportunities to boost the efficiency of products and services, create new revenue streams and reduce operational costs by connecting all manner of devices ('things') to the internet and analyzing the data they generate.
  4. 4. On the other hand, this is still an immature market in which architectures, technologies, standards, and vendors are all moving targets, investing a risky business. In particular, security is a major worry when it comes to the IoT. The IoT will have a great impact on the economy by transforming many enterprises into digital businesses and facilitating business models. However, how enterprises can actualize any benefits will be diverse and, in some cases, overwhelming. Over the last 30 years, the customer's place in the value creation chain has not stopped evolving. It has brought about changes in the way companies respond to customer needs. Indeed, new information and communication technologies are making customers more and more demanding and responsible, so the notion of "product offer" has in fact given way to the search for an "offer of Solution(s)." Moreover, the added value and margins generated by manufacturing operations tend to be reduced to non-production operations, such as product design, distribution, and after-sales service.
  5. 5. AuroIN offers an extensive IoT services for the enterprise which will enable companies/organizations/businesses to transcend with the digital trends while improving efficiency and maintaining a cost-effective process and minimizing risk. Also, working with clients, we infuse IoT into existing processes, workflows and systems for enterprise, taking into account a variety of benefits, including emerging out of competitions, customer satisfaction, and security measures. At the level of the company's business model, this translates into a gradual shift in the benchmark business model, gradually moving away from the traditional transactional economy, whose main offering is the sale of tangible products to an economy less and less material. By 2021, AuroIN believes that IoT should be part of our daily lives, and this is also backed up by some industry experts. The real impact of IoT on companies shows that 40% were improving their operational efficiency and 36% improved the user experience. It is believed that IoT will enable the development of new products or services or improve the quality of existing products. While also enabling companies/businesses to improve resource management.
  6. 6. The Challenge of Data The main difficulty faced by early-adopters of IoT, however, is with the data, analyzing data in real time proves difficult, while some have security issues. Another point of difficulty is the management of the change of culture in the company. Beyond these difficulties encountered, the question of skills to be mastered to carry out a project in this field comes in. The ability to collaborate with external consultants with the skills that are lacking in the company is important, and these skills are related to process automation and engineering skills. To compensate for the lack of in-house skills, using external partnerships with technology companies and training of employees seems to be a solution. The consequence for a company not to embark on IoT are the loss of market share in favor of a competitor, the loss of efficiency, as well as a non-optimal management of their costs.
  7. 7. Impact of IoT in Enterprises The study on "Internet of Things shows that by 2021 the connected objects will be as much part of our daily professional as private. Indeed, the margin of progress attributable to the use of connected objects within companies will have 40% improvement in operational efficiency and 36% improvement in the user experience. IoT will enable the development of new products, services and improve the management of resources. Companies can use IoT to offer a new customer experience, allowing them to be connected. This one favors other applications: self-diagnosis, asset management, facilitate/automate procedures. The early-adopters learned a few lessons and today declare that design thinking and experimentation are the most critical areas of development to satisfy their customers and optimize the use of IoT.
  8. 8. AuroIN is an award-winning digital marketing agency, and we follow the result driven techniques to give your business an outstanding breakthrough in digital transformation. www.auroin.com
  9. 9. Thank you for listening!!!

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