The True Advantages of Internet of Things (IoT) for Your Business

Industry leaders are rapidly realizing the advantages of Internet of Things in business in every sector.

In fact, according to projections by Business Insider, the number of IoT devices in use in the industry will reach 55 billion by 2025.

IoT allows organizations to replace their manual asset tracking systems with automated sensors.

These sensors connect to the internet with centralized systems for real-time monitoring of company assets.

Moreover, IoT shows great promise for taking customer satisfaction to the next level.

Advantages of Internet of Things in Business

For some businesses, the benefits of the Internet of things are so significant that they have started outsourcing these development projects.

Outsourced developer companies like we (Arkbauer) use advanced software development techniques to provide quick and cost-effective IoT solutions to their clients.

Business benefits of Internet of Things include:

1. Effective Utilization of Assets

One of the major benefits organizations get from using IoT in their business model is efficient tracking and monitoring of their assets. In addition, you can use these sensors in transportation vehicles or at remote locations to keep track of changing events.

Hence, IoT organizations keep a check on their equipment’s health to ensure their proper functioning at all times.

2. Acquiring Sensor Driven Insights

Companies use IoT to acquire useful insights from literally every corner of their business.

For companies operating in time-sensitive or life-threatening situations every bit of data counts. In order to avoid any serious consequences companies install remote sensors at sensitive sites such as oil wells.

These sensors are connected directly to the company’s headquarters through cellular networks allowing it to:

  • Remotely monitor and control site equipment.
  • Gather useful data every second.
  • Develop future forecast and use this insight to build predictive models.

3. Enhanced Customer Service

Using IoT, organizations are able to reduce their turn-around-times and also the number of resources required to manage their assets.

Amazon is a great example of an organization that has used IoT to increase their level of customer satisfaction.

The use of IoT at Amazon involves:

  • Artificially intelligent robots that can automatically sort and place items at appropriate locations without human intervention.
  • Remotely controlled drones to ship local products.

4. Increased Communication between Devices

Smart homes and office spaces of the future will use IoT to interconnect local appliances such as lighting, and air-conditioning devices.

These smart locations will be able to automatically regulate temperature and lighting levels to create personalized ambience for room occupants.

5. Cost-Effectiveness

The future of IoT has great potential in the automotive industry as well.

Automotive manufacturers have started designing self-driving cars that communicate with each other and their internal devices. Such technology has great potential for transport services like Uber.

Apart from reducing labour costs, this interconnection of devices will create fuel efficiency in cars as well.

6. IoT Helps in Machine Learning

Some organizations employ Big Data to maximize the use of all information gathered through the Internet of Things.

This data can be used as input for artificially intelligent machines to learn from past experiences and predict future incidents before they occur.

Advantages of Internet of Things in Business of E-Commerce

According to Statista, a reputable statistical research website, last year almost 1.66 billion people purchased goods online.

In addition, IoT plays a major role in streamlining processes in this heavily utilized e-commerce industry.

Benefits of the Internet of Things for e-commerce include:

  • Enhanced User Experience: Distributors of online products are using digital tracking systems and smartphone apps to create added convenience for their customers. These IoT devices tell customers exactly when their package will arrive so they can adjust their schedule accordingly.
  • Inventory Optimization: Using Internet of Things, companies are able to keep track of every single item at the warehouse. They know exactly when a product arrived and when it left the storage facility. Thus, this allows them to replenish items before it is sold-out on their online store.

How will the Internet of Things affect businesses depends on how quickly they are able to adapt to this innovative technology.

Organizations are investing heavily in smart and interconnected devices to optimize their operations. A major challenge remains whether to develop these solutions in-house or outsource it to companies like us (Arkbauer).

Outsourcing Your IoT Implementation

Here is how an outsourced software development company can deploy an IoT solution at your workplace:

1. Understanding Your Business Requirements

To build an IoT solution that will have a major positive impact on your business, an outsourced software developer needs to:

  • Understand the scope of the project.
  • The key requirements they need to fulfil.
  • Make sure that management and development teams are on the same page to avoid unrealistic expectations.

An outsourced development company will then prepare a conceptual model for the business.

This is done to ensure that the requirements of all stakeholders are captured in the proposed IT solution.

2. System Design and Development

Once you define the scope of an IoT solution, it is time to design and build the actual solution. The most important aspect of this phase is the software architecture your outsourced developer uses.

Companies like ours tend to use the Agile system development methodology owing to its high rate of success.

3. Product Delivery

Once we successfully design and develop an IoT system, an outsourced development team will deliver the product at your workplace. This may include installing applications at users’ workstations and placing hardware on site.

The development team will work closely with your company to test the final product to ensure product quality.

In addition, maintenance is part of outsourced software development. Moreover, the team will continue to work with you even after system implementation.

Bottom Line

For businesses to survive in this competitive and price conscious marketplace, they need to make the best use of IoT.

Moreover, the advantages of Internet of Things in business make it an obvious choice for any customer-centric organization.

If you want your business to invest in IoT then contact us today!

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