Why the Enterprise Should Make IoT a Priority in 2017
Mike Kavis
The Internet of Things is getting a lot of press these days , but many companies do not know how or why they should leverage the technology in their own business .
The Internet of Things is enabling us to do things we have never been able to do before , and at a faster pace than ever before . But it is not obvious to all companies where they can derive business value from IoT . In order to identify how IoT can bring value to your organization , one must first understand what the advantages are of this technology .
Access to Real-Time Data
One of the biggest value propositions of IoT is access to real-time data . We have had access to real-time data for years , but now we have the ability to gain access to data in ways that were never available to us . Thanks to the billions of smart phones , sensors and internet-enabled devices that are carried by people , installed in factories , and embedded in just about everything we make , we can now tap into data streams that were never before available to us in real time .
Why is real-time so important ? With real-time data , we can discover insights faster and respond to them instantly . Being able to respond to new information in real time gives us the opportunity to communicate to shoppers when they are near your store or product , perform preventative maintenance on machines , engines and vehicles before they malfunction and more accurately forecast manufacturing and energy production capabilities .
Better Services
Shipping and logistics companies are able to provide higher levels of service by tracking packages that are being shipped from the warehouse to the customer .
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