The hacking of companies
Stolen Identities
The hijacking of app-connected cars
Benefit 1: Safety, Comfort, Efficiency
Imagine measuring and managing hazardous environments while juggling many factors. You must do this without putting people at risk. And don’t forget to optimize all physical environments for comfort and productivity. Also, you better control those energy costs. Now imagine monotonous tasks automated and done by machines. For example, smart assembly lines could report errors in real time. This produces higher yields and less downtime
The result is more time for productive and rewarding work. This would drive higher employee satisfaction and retention, while dramatically improving profit margins
Benefit 2: Better Decision Making
If you can analyze larger trends from empirical data, you can make smarter decisions. This takes assumptions out of the equation. Instead, it’s giving you data-backed visibility into every aspect of your business. Consider testing cycles. They would radically shorten, lowering the costs to optimize a process. Also, the visibility into system behaviors can yield new insights and ideas. This can guide your business like never before
Benefit 3: Revenue Generation
At first, the above benefits will impact your bottom line by reducing expenses. The IoT will also help to improve efficiency. But, it’s only a matter of time before IoT data analysis helps you realize new business functions. Also, this will lead to new revenue opportunities. The IoT may be that special “X factor”. It’s uniqueness gives many organizations a strategic advantage over the competitors. This advantage will be valuable to companies now and into the next decade