If you are a small or medium business owner in 2019, you are probably concerned about increasing:
- Operational efficiency
- Productivity, and
- Market awareness.
If you talk to a technical expert about achieving these goals, chances are that they will direct you towards the “Internet of Things”. What is IoT? Have you started your Internet of Things software development?
How does it work?
IoT is based on a device’s connection to the internet. That is how computer tech inside everyday devices communicate with each other. For example, let’s assume you run out of laundry detergent. Once IoT is enabled, all you need to do to order a new detergent box is to press a small button on a device. In the background, the device transfers data to your online shopping account and places an order for you. You don’t have to manually place your order; the device does it on your behalf. In other words, these “smart” devices connect to the internet and with each other. In turn, they connect with the world. Did you know it is projected that there will be 75.44 billion IoT connected devices worldwide by 2025, per Statista.
How can you add IoT to your business?
Data is a god! As a business owner, you are always monitoring both operational and product performance. Data helps you understand what is going well and what is not. Data is crucial in nearly every industry, including:
- Energy, and
With IoT, you can now get data from devices that can be embedded in these industries. Imagine the possibilities! You could be away from your dairy farm, but you will be able to monitor the pasteurization process. Not only will you be able to get repair and breakdown numbers, you can also get performance statistics. Are your cows not getting enough feed? Simply turn on the smart device to increase the amount of grain given to each cow.
You can start adopting embedded solutions in your business with no downtime. Machine Learning and AI help you keep up and stay ahead. The data you collect can be transformed into actionable steps by industry-specific experts. Eventually, from all the information generated, you can make your products and processes better. In fact, IoT solutions help you examine even consumer behavior and response to your product. Finally, research and development benefit greatly from IoT because of the amount of information gathered.
What to look out for:
Despite these advantages, IoT can be susceptible to security risks. When you are developing your IoT software, make sure you get the best team. The devices that have access to your sensitive information must be made risk-proof. All your endpoints are vulnerable to outside risks. Since IoT functions on interconnectivity, if one device is harmed, it spreads very quickly to all the devices in the network. The result affects not only you but also your customer. Network security is paramount when engineers build your IoT solution. Seek a trusted solution and work with your developers to build a secure, smart connection.
The goal of IoT has been to make a connected network of devices increasing the quality of human life. It can make your business bigger and more efficient. Just remember to work with the right software developers for the most secure embedded solutions.