Internet of Things opens a multitude of opportunities in terms of technology. Let's read about some of the advantages that this ground-breaking technology offers.
2. IoT: Become a part of the emerging market:
IoT is a world where smart objects are seamlessly integrated as part of a global
network- where smart objects interact without human intervention to deliver
new services or improved processes beyond the silos and across the business.
IoT redefines the way humans and machines interface and how they interact
with the world around them.
Some of the confusion surrounding IoT arises because multiple technologies are
converging around a single service. Device manufacturers, software providers,
multiple networks and others all have a part to play and therefore see the IoT
offering from their technology viewpoint.
It is important to be focussed on the business transformation that is enabled or
unlocked. We view the opportunity as having the potential to gain operational
efficiency while also providing innovative customer experiences from a single
technology investment.
Recognizing the benefits of IoT:
Knowing where to start can be a challenge given the vast array of connectable
things or assets. But clearly, you need to maintain a focus on key areas of
potential value. Some key benefits are:
Enable prediction of health and performance of things and people:
Relevant to any process involving the management and support of
equipment like lifts, broilers, fridges etc. where the key objective is to
keep the equipment running at optimal efficiency.
Equally relevant to maintain the health of a person, with applications
emerging in the consumer market that feature wearable technology and
that can even monitor patients in the comfort of their homes.
Applicable to maintaining the skill level of a maintenance engineer by
providing prompts for faults they are working on, while on site.
Also possible to optimise processes by remote control of assets.
3. Mobile and fixed asset management:
Relevant to scenarios where fixed and moving assets exist and the
requirement is to manage both assets together to achieve a business
mission. Impact can be seen in the supply chain, vehicle tracking and
maintenance.
Data brokerage and finding value from data:
Focuses on delivering new and insightful data that is valuable to the
client’s internal business processes, customers or suppliers. The ideal
scenario is one where data can be sold as part of a new service or is used
to support the enhancement of the current service or to differentiate the
client from the competitor.
Need help getting started with Azure or AWS IoT Suite?
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