Reasons why your Business should be considering IoT technologies.
We’ve all heard the term M2M by now, and often referred to interchangeably with the term “Internet of Things” which refers to connecting everything – people, objects, machines – to the Internet and is only the tipping point for what’s to come, as we are just starting to get a glimpse of the potential of today’s IOT applications.
So you may be asking yourself – is all this hype surrounding IOT really all its cracked up to be? Well let’s break down some of the reasons why your business should be considering IOT technologies:
1: Simplify and Enhance user Interaction
With IOT technology businesses can bridge the information gap between their clients and customers. Just imagine how quickly and easily it would be to interact with patients in a waiting room. Information about a company, promotions, or even news events could be filtered through a digital display or device. Patients could check in using their device and receive real-time updates on wait times, facilitating staff communication etc.
2: Improved Efficiencies and Transactions
IOT provides businesses with the opportunity to transfer all of their data via IOT. Wouldn’t it be great if data such as credit card, personal data, and company information could be exchanged and approved through a simple connection? This will inevitably become reality with IOT technologies, by making transactions more efficient than ever!
3: Increase Productivity
Efficiency and productivity is important in any organization. IOT enables employees to work faster and more efficiently. By reducing manual user intervention, managers can focus on more important aspects of their business. The increase in productivity also extends beyond an organization’s employees. Networks and devices that operate the business will also become more and more efficient as well.
4: Automation, Automation, and did I mention Automation?
Automation plays an integral role in improving efficiency in many industries. Many small businesses can utilize IOT technologies to enhance the level of automation that include embedded systems and software which have the ability to track, diagnose, and manage such things as inventory levels, device statuses, and even generate detail reports. Just image now much easier life would be for business if they never had to manually order inventory again.
5: Better data collection
IOT improves the task of data collection like no other system. With technologies such as NFC (Near Field Technology), Bluetooth, and other communication protocols, businesses will be able to easily collect client/customer information on site, on the go, or remotely. In the retail industry, with inventory or device tracking, businesses are able to automate the collection and analysis of sales, and delivering precise information pertaining to which products sell best and when they sell.