The document discusses the implications of IoT sensors for businesses present and future. It notes that sensors now serve as both a launchpad and landing point for data distributed across IoT platforms. A variety of sensor types improve effectiveness and functionality through shared information. The potential uses and benefits of this technological integration are broad and far-reaching, allowing businesses to think differently about revenue, engagement, and operations. While IoT sensors face obstacles from industry fragmentation and challenges stemming from increasing complexity, the immediate future remains promising if businesses are willing to learn and adapt to unpredictable changes.

1. IoT Sensors: Implications
for the Present and Future
Vish Nandlall

2. A vital combination
Sensors are a longstanding presence in many industries and
organizations, but the advent of the IoT has revolutionized how
they are used on a daily basis. Today, sensors serve as both a
launchpad and a landing point for data distributed between IoT-
ready platforms.
There exist a variety of sensor types functioning in this manner,
including, but not limited to pressure sensors, proximity sensors,
temperature sensors, and infrared sensors. Though these
resources exist for different reasons, they mutually exist to improve
effectiveness and functionality by way of shared information.

3. Thinking differently
The potential uses and benefits of this technological intermingling
are obviously broad, but they are incredibly far-reaching in terms of
innovative new business strategies. Cox, for example, now plans to
employ around 500,000 IoT sensors in an attempt to strengthen its
parent company’s automobile auction business. The service,
known as Cox2M, treats IoT as a “new line of revenue” as it strives
to share and distribute information via the Cloud. Cox2M
represents how IoT sensors have pushed businesses to think
differently about revenue, audience engagement, and overall
corporate functionality.

4. Moving forward
The aforementioned information in mind, IoT sensors are definitely
faced with several obstacles in their continued implementation. These
obstacles may include industry fragmentation and a series of
challenges stemming from the technology itself — namely its growing
complexity and an increasingly prominent focus on system expansion.
In this sense, the technology’s growing sophistication, paired with an
ever changing market, stands as potential disruption to its momentum.
Still, however, the immediate future looks very promising, so long as
businesses bring a willingness to learn and adapt — sometimes at an
unpredictable pace — and embrace this technology to prolong and
inspire successful business paradigms.