
IoT reinventing business
The internet of things (IoT) has become the synonym for business intelligence today because it is the opening up of opportunities for new products and services which were unimaginable in the past. Leveraging IoT has proved productivity and profitability. But benefits of IoT goes beyond increased revenue growth. The positive impact of IoT on business other than profitability includes:
1. The sensors located in the production system helps in understanding how operation and product monitoring and improving product performance. And help companies gain increased insights into the productivity and performance of the system and process offers opportunities for innovations.
2. Providing a greater understanding of customer behavior and demand is a critical aspect of IoT. This enables assuming customer reaction towards products.
3. IoT also translates new business lines creating new business opportunities by sharing IoT data across an organization ecosystem.
4. IoT also plays a crucial role in enriching the customer experience, a critical aspect of business transformation. The data flowing between customer touch points and the products and services provide a multidimensional view of customer experience which allows the organization to respond quickly to issues and requests as they arise.
5. Expansion of IoT widened the digitization process which reduces cost and increases speed to market.
6. IoT will also improve asset utilization, by tracking machinery with sensors. With this organizations can locate issues in the assets and run preventive measures.
7. The IoT connectivity can monitor workplace with sensors and videos to ensure safety and security.
IoT is becoming increasingly important in running a business and in future also organizations will be exuberantly investing in IoT implementation in order to put them on track to achieve maximum output.
Check Out : Top IOT Startups
See Also: Top IoT Solution Companies In Europe
Featured Vendors
Seebo: Modeling the Production Line with Machine Learning for Accurate and Actionable Predictive Insights
Seebo: Modeling the Production Line with Machine Learning for Accurate and Actionable Predictive Insights
Smart Connect Technologies, Inc.: Capturing Data from the Edge -Enabling the Industrial Internet of Things (IIoT)
Titan Cloud Software: Fueling Profits in the Petroleum Industry with IoT Device Monitoring, Advanced
Stream Technologies: Disrupting the Connectivity Space with an Industry Leading Connectivity Platfor
EDITOR'S PICK
Essential Technology Elements Necessary To Enable...
By Leni Kaufman, VP & CIO, Newport News Shipbuilding
Comparative Data Among Physician Peers
By George Evans, CIO, Singing River Health System
Monitoring Technologies Without Human Intervention
By John Kamin, EVP and CIO, Old National Bancorp
Unlocking the Value of Connected Cars
By Elliot Garbus, VP-IoT Solutions Group & GM-Automotive...
Digital Innovation Giving Rise to New Capabilities
By Gregory Morrison, SVP & CIO, Cox Enterprises
Staying Connected to Organizational Priorities is Vital...
By Alberto Ruocco, CIO, American Electric Power
Comprehensible Distribution of Training and Information...
By Sam Lamonica, CIO & VP Information Systems, Rosendin...
The Current Focus is On Comprehensive Solutions
By Sergey Cherkasov, CIO, PhosAgro
Big Data Analytics and Its Impact on the Supply Chain
By Pascal Becotte, MD-Global Supply Chain Practice for the...
Technology's Impact on Field Services
By Stephen Caulfield, Executive Director, Global Field...
Carmax, the Automobile Business with IT at the Core
By Shamim Mohammad, SVP & CIO, CarMax
The CIO's role in rethinking the scope of EPM for...
By Ronald Seymore, Managing Director, Enterprise Performance...
Driving Insurance Agent Productivity with Mobile and Big...
By Brad Bodell, SVP and CIO, CNO Financial Group, Inc.
Transformative Impact On The IT Landscape
By Jim Whitehurst, CEO, Red Hat
Get Ready for an IT Renaissance: Brought to You by Big...
By Clark Golestani, EVP and CIO, Merck
Four Initiatives Driving ECM Innovation
By Scott Craig, Vice President of Product Marketing, Lexmark...
Technology to Leverage and Enable
By Dave Kipe, SVP, Global Operations, Scholastic Inc.
By Meerah Rajavel, CIO, Forcepoint
AI is the New UI-AI + UX + DesignOps
By Amit Bahree, Executive, Global Technology and Innovation,...
Evolving Role of the CIO - Enabling Business Execution...
By Greg Tacchetti, CIO, State Auto Insurance
Read Also
