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Make the IoT Work for Your Business

Make the IoT Work for Your Business

By now you’ve probably heard the term Internet of Things (IoT). You may not completely understand what it is, but you know it has something to do with all those “smart” devices that you see popping up everywhere. Today, we thought we’d get into what types of things are on the IoT and how they can have an impact on your business.

What Is the Internet of Things?

The Internet of Things started growing a decade or so ago as “smart” technologies were being developed to present people with technology that they can use to make their lives easier. This concept is what technology is all about, after all, and it quickly became a business opportunity for OEM (original equipment manufacturers) and other companies. This has led to a massive explosion of “smart” devices designed to unburden the lives of their users.

Of course, the more businesses that are developing this technology, the more tools will be aimed to transform business. There are now 14 billion IoT devices (including smartphones) connected to the Internet, so there is a breadth of options for businesses to choose from. It’s also one of the more funded technology markets by venture capital firms with close to $5 billion being invested annually, as the practical use of IoT is just now scratching the surface.

The IoT Is Everywhere

The IoT can be used in multiple ways in and around your business; and each adds its own unique variables to the way you go about integrating them. Obviously, a large portion of your employees have smartphones, that is an added consideration because you need to ensure that all those mobile devices are working with the applications that you use; or, if you don’t go that far, at least that they don’t bring unwanted passengers along on to your network.

More complex industrial IoT (IIoT) platforms can really alter the way a business operates, so training will have to be considered to help your employees understand how they work. There is a lot of good that the IoT can do, but it also comes with some challenges. Not only do you need to set up your IoT platform from the ground up, but you also need to make sure th