Ways The Internet Of Things Is Affecting Various Businesses

The Internet of Things or IoT is an integral factor in the arrival of Industry 4.0 and the next industrial revolution.  It simply refers to the increased interconnectivity of various machines, devices, consoles, and computers, which are now all reliant on the internet. The IT sector stands to undergo drastic changes as IoT leverages networking, facilitating better communication between systems and smart devices. 

To say businesses will be enhanced by IoT is an understatement.  For one, IoT will allow for better and continuous customer support and engagement, as products and services will feature a fast and easy connection to the internet and, in turn, provide pro-active monitoring and technical support.  This is fast becoming the norm in the automobile and security systems industries. 

Image source: servify.in

IoT likewise improves the monitoring of the business process, particularly in the areas of manufacturing and field operations.  Workers can be equipped with wearables that have sensors not just for monitoring, but for quick information gathering and recording.  IoT, in general, will increase productivity, provide more meaningful data analytics, and in time lower overhead costs. 

Big data innovations coupled with automated services allow IoT devices to record, store, and send previously hard-to-acquire analytics, from the distribution processes to tracking of vehicles and the supply chain in the trucking and shipping businesses.  Sensors can monitor schedules, temperatures, vibrations, and light and how these can affect cargo and minimize delivery delays.  

Image source: zdnet.com

Anju Vallabhaneni has been leading minority business enterprise United Software Group, Inc. as its CEO for more than 10 years. He graduated with a degree in Mechanical Engineering and a Master’s in Business Management. More on Anju’s work here.