IoT to uplift SMEs
IoT platform (Internet of Things) does not just stop by benefiting business and stake holders. It also enhances individual’s living standards by its cost and energy efficient network quality. Though IoT has been a debatable topic around the technology surrounding for years, it is only recently been embraced by the common man. Because of its enormous growth, IoT devices are anticipated to revolutionize the global market in near future. By the year 2020, the range of IoT devices built in the market is estimated to be 21 billion, according to Gartner.
2018 is going to be an IoT year for all the small and medium- sized enterprises (SMEs) as they will access more IoT technology than ever before. This is because of the decrease in cost of sensors and software platforms that will allow the budding organizations to utilize IoT in a better way to drive productivity. Deploying IoT, the SMEs can produce more data that in turn will help in convenient interaction with their customers. Particularly, for agriculture and manufacturing, IoT can cut down operational costs and increase efficiency.
In spite of several technical advances offered to SMEs, there is a lag in the uptake. This can be addressed by developing simpler and uncomplicated products. As it is too advanced for a lot of SMEs to catch up with the trend, providing a clear benefit with easy solutions will enable them to acquire and leverage IoT in a large scale.
Check This Out:
By Leni Kaufman, VP & CIO, Newport News Shipbuilding
By George Evans, CIO, Singing River Health System
By John Kamin, EVP and CIO, Old National Bancorp
By Elliot Garbus, VP-IoT Solutions Group & GM-Automotive...
By Gregory Morrison, SVP & CIO, Cox Enterprises
By Alberto Ruocco, CIO, American Electric Power
By Sam Lamonica, CIO & VP Information Systems, Rosendin...
By Sergey Cherkasov, CIO, PhosAgro
By Pascal Becotte, MD-Global Supply Chain Practice for the...
By Stephen Caulfield, Executive Director, Global Field...
By Shamim Mohammad, SVP & CIO, CarMax
By Ronald Seymore, Managing Director, Enterprise Performance...
By Brad Bodell, SVP and CIO, CNO Financial Group, Inc.
By Jim Whitehurst, CEO, Red Hat
By Clark Golestani, EVP and CIO, Merck
By Scott Craig, Vice President of Product Marketing, Lexmark...
By Dave Kipe, SVP, Global Operations, Scholastic Inc.
By Meerah Rajavel, CIO, Forcepoint
By Amit Bahree, Executive, Global Technology and Innovation,...
By Greg Tacchetti, CIO, State Auto Insurance