3 Key Ways IoT Can Change Your Business
Recently, we’ve seen a huge surge of talk and excitement surrounding IoT (Internet of Things) technology. Despite all the anticipation, many people still don’t completely understand what it’s all about and what the uses of IoT could be.
In this post, we will explore what IoT is and we’ll give some examples of how IoT development could be applied to business for improved functionality.
What is IoT Technology?
IoT stands for Internet of Things. In short, it is just a network of physical devices.
IoT enables physical devices to connect and communicate with each other. An example of IoT would be your fridge, let’s say you accidentally left the door open and the temperature inside is rising. If the fridge is IoT enabled, a temperature sensor inside could detect the change and contact your phone via the internet to tell you that the door is open. This is a very simple example which just scratches the surface of IoT’s capabilities.
Could my Industry Benefit from IoT?
A simple answer is, yes, your industry could benefit from the implementation of the Internet of Things. IoT covers such a wide range of technology that it is almost guaranteed that in some way, your industry could, and probably will be improved by IoT.
So, How Can IoT be Applied to My Business?
There are a few key things that all businesses have and/or need. These things can become more efficient with the use of IoT. Of course, if we were to go industry specific, Internet of Things technology could have even more helpful use cases. For now, though, let’s just discuss a few ways that IoT will most likely be useful to your business:
- Security – There are many ways in which IoT could be used to improve the security of your business. Let’s say you have an office, shop or stock room, etc. You obviously don’t want people to find their way inside once you’ve left the premises, this is where IoT can help. If you had an IoT enabled security system, sensors and/or cameras could detect when an intruder is trying to get in, then you could have the camera feed appear automatically on your phone or smart tv. This would make you instantly aware of the intruder, allowing you to call the police and have the issue dealt with before things get out of hand.
- Financial Management – If you’re running a shop, restaurant, café or something along those lines. You could befit from a smart till system, especially if you’re off-site often. This system could keep track of money going in and out of your tills, as well as tracking card payments. This would be a very useful Internet of Things system to have in place, as you could be notified on the spot if any suspicious activity were to occur. Or you could just use it to remotely manage and monitor your business’ financials.
- Improved Data Systems – IoT can drastically improve the efficiency and accuracy of your business’ big data systems. By having all your business devices transferring data into your systems you can have a more accurate and instant input into your systems. This improved efficiency and accuracy means that you can monitor more closely what is helping your business and what is holding it back. You can adjust based on this data and improve your overall business functionality on a constant basis to suit the current climate at that time.
So When Should I Implement the Internet of Things?
It is predicted that by 2020, 30 Billion objects will be connected to the Internet of Things, so we suggest that you consider implementing IoT as soon as possible, this should give you the edge over your competitors.
Contact Appoly for IoT (Internet of Things) Development Services
If you want IoT development for your business, or you’d like to discuss a potential IoT project and see if it’s the right option for you. Get in touch with Appoly and we’ll be happy to go through your project with you and discuss how we can help get your project off the ground.