How the Internet of Things will affect your business

The Internet of Things is shaping up to be the next major technological transition of the digital revolution, and business owners must be prepared

As technology buzzwords go, there are few being talked about quite as much as the Internet of Things (IoT). The idea of everything around us being invisibly connected seems to have everyone in the industry pretty excited. It’s becoming apparent, however, that the concept’s impact will stretch far beyond the IT sector – it’s going to affect the way most businesses operate. Here are a few of the changes your company can expect to see.

More devices and more complexity

Most executives will have already noticed significant growth in the number of devices being used around the workplace – today the majority of employees are spreading their work across smartphones, tablets and laptops. Managing an organisation’s use of such a diverse range of equipment is already tough, but it’s only going to get tougher. Not only will we be surrounded by thousands of additional connected devices, the ones we’re already used to will have new functionality. Add to this a wealth of new operating systems and it’s easy to see why IT bosses might be a little concerned.

Data, data, data

As the number of devices in use grows, so too will the amount of data being generated. Companies will find themselves with new access to a wealth of valuable information, allowing them to make better decisions on a daily basis. The influx will need to be handled carefully if companies are to capitalise fully, though. Data will be arriving from hundreds of sources throughout the working day, and it must be translated from its initial raw state to useful and actionable information. This is where business intelligence (BI) tools will come in very handy indeed.

More time and money

As machines start working together in harmony, the need for constant human input will begin to diminish. It’s likely that jobs will start to disappear as this happens, but new opportunities will also arise. The major benefit in all of this is that businesses should find themselves with more time to focus on the critical tasks that still require the attention of skilled workers. This should help to improve efficiency and cut costs in the long run, while also doing away with time consuming but menial tasks which consign efficiency to the doldrums.


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