The Present, and Future, of IoT
The past few years have witnessed a surge of interest in the Internet of Things (IoT)—the network of connected “smart” devices that communicate seamlessly over the Internet. Although much media attention has focused on consumer products, some of the most exciting IoT innovations have occurred within the business sector, where the combination of sensor data and sophisticated analytical algorithms has allowed companies to streamline business processes, increase productivity, and develop leading-edge products.
Digital twins, AI, ML and other cognitive solutions are possible now. As with any emerging field, however, IoT faces much uncertainty related to regulatory environments, customer demand, and technological advances. For enterprise IoT, many questions also remain about its utility and impact, since most companies are still in the early stages of implementation. To date, many of them have only achieved modest, incremental benefits from their enterprise IoT programs. With limited evidence of bottom-line impact, executives are cautious about increasing their enterprise IoT investments, and few have embarked on large-scale initiatives designed to transform their operations or enable new products and services. This situation may soon change, however.
IoT is poised for strong growth because of its ability to improve the customer experience, increase productivity, and enable the development of innovative products and services. With a robust strategy, IoT can bring about breakthrough performance in:
- The optimization of service operations
- Improving visibility into operations
- Enabling new business models
- New products and service offerings
- Optimization of manufacturing operations
- Sales enablement
- Product design and development
Digital transformation overall holds tremendous promise.
- Optimizing Operations-- Modernizing your workflows through technology and creating specialized solutions for your company’s needs
- Transforming Products and Services-- Innovating how you do business on a daily basis
- Engaging Customers-- Giving them new experiences they can better connect with
- Empowering Employees-- Re-inventing productivity and enabling a data-driven culture
Contact me if you want to know more.
