For several years experts have predicted the big breakthrough of Internet of Things (IoT), but only recently the first steps have been taken by Belgian companies to work with this new technology. Experts first talked about 50 billion "connected" devices by 2020, but even with the updated estimate of 30 billion devices, this technology represents an industry that will be indispensable in the future economy.
Is your enterprise ready for IoT? Even if you don't work directly with technology, IoT devices will have a very big impact on the way you will work in the future. We list the various reasons for this below:
We want your data!
For business owners and marketers, data collection is the start of everything. With connected IoT devices connecting consumers in new, even more interactive ways, they will have even easier and faster access to that data. 'Smart' devices will be able to track and record patterns in consumer behavior; even learn from them to then make intelligent product recommendations.
Companies are now learning to use these new insights to conduct even more efficient and targeted marketing as they get to know their target audiences on a deeper, qualitative level. At every stage of the buying cycle, from the start of the search to purchase and implementation, with IoT they have more data than ever available to them AND they know how to use it!
Inventory recording and management
IoT is revolutionizing the way businesses will track inventory. If you are an enterprise working with warehousing, storage and manufacturing facilities, your employees probably use remote scanners and other high-tech devices that help them keep track of inventory piece by piece. With smart devices equipped with IoT technology, inventory management will be fully automated, allowing employees to focus on more important, cognitive tasks.
Remote working
But even if your company doesn't work directly with a physical inventory, IoT can open up a whole new world of possibilities for remote working. As even more devices are connected to the same network, your employees will be more "connected" than ever before, and can then quickly and efficiently use devices in the office or workplace from any location. Employees who can work remotely tend to be happier and more productive, which impacts your bottom line.
A quick access telt
Today's consumers have access to new ways to search for and purchase products or services. As a result, the purchase cycle is becoming shorter and shorter. Customers will be able to instantly order the product they are looking for with the help of a few spoken phrases. And they will want it delivered faster and faster (our consumer society is increasingly about instant gratification). Fortunately, your partners, suppliers and logistics providers will have the same new technology at their disposal, allowing you to help your customers even faster.
Efficiency and productivity
Yet it is not purely about speed. With IoT, it is possible to do more in less time. As technology advances, productivity and efficiency are also key assets. The latest IoT developments allow you and your employees to perform complex tasks faster and more accurately, with detailed analytics and targeted management.
Consumers want more integration
If you have plans to expand your business operations, remember that your customers who are themselves using IoT technology will have different wants or needs. They will request things that they themselves didn't know they wanted before. They will have higher expectations than before when making a purchase. Smart devices will become the new standard for appliances, gadgets and even things like furniture. Consumers will demand even more integration of devices, objects, appliances, even more tools and accessories that can further streamline their daily lives. It's your job to dream the ideas that can make that a reality.
Changed personnel requirements
We all realize that new technology takes work out of the hands of your employees; but it may also be that you will need new team leads. On the one hand, there are the experts in IoT technology who can successfully carry out the integration of all the devices involved into your current procedures and systems. On the other hand, you need data analysts who can maximize the use of the available data. These two expert functions are crucial in your business plan to cash in on your investment in IoT.
Get free advice
Want to learn more about smart sensors and IoT technology for managing your vehicles, equipment, macheines and employees? Give us a call on 03 289 55 35, or send us your details below. We will be happy to help you and provide you with a quote with no obligation.
