Today, different facets of life involve the generation of data -- from smartphones that come with GPS and monitor schedules and buying decisions to smartwatches that track blood pressure and heartbeat. And in the middle of this quality-of-life change is the rise of the Internet of Things or IoT, says inventor Peter Zieve.
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| Image source: internetofbusiness.com |
IoT allows for modern-day devices, appliances, and gadgets to essentially communicate with one another. And while the benefits of the online network in everyday lives are now being enjoyed, the technology is not lost in the world of business. IoT devices are recording and transferring data for a wide range of functions, from offering management new insights and informed decisions to boosting work efficiency.
IoT likewise allows for employees to work remotely. Coupled with improved internet access and wireless technology, company workers can do their job just by accessing their devices from different areas of the office, including the factory floor. This leads to better productivity and time management.
IoT devices also lead to a more seamless, shorter transaction process, as consumers can better match products with what they’re looking for. Though the demand for faster deliveries increases, suppliers and logistics service providers can rely on their own IoT network to process orders faster. These ultimately equate to both downtime and cost reduction.
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Image source: hackernoon.com
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Finally, an effective business model doesn’t rely solely on executing at great speeds, but in fostering efficiency, quality, and productivity, adds Peter Zieve. Connected equipment in various industries lead to more analytics potential and data streams for greater insights into business operations and how products and services are used by customers.
Peter Zieve is an inventor, innovator, educator, and founder and CEO of aerospace automation company Electroimpact, Inc. Visit this blog for related posts on innovative technologies.
