IoT Barometer, an in-depth study by Vodafone on how organisations are using the Internet of Things, reveals that one in twelve adopters now say that their entire business depends on IoT. Truly, IoT is the next big thing set to revolutionise the way organisations work. It has definitely made its presence felt in India with initiatives such as ‘Digital India’ and multiple plans for smart cities in place. Enterprises and large organisations are already contributing to the big numbers appearing on the IoT succession statistic charts. The Indian Information technology (IT Services) companies own more than two-fifth of the global IoT market.
With the pace at which IoT is making its mark in our lives, a delay in setting foot into the world of IoT can result in losing the edge on technological advancements possible with its implementation. Yet, small or medium sized businesses still hesitate to join the race due to certain preconceived notions about IoT being a complex and unaffordable solution. The slow movement of IoT into small scale industries can be attributed to reasons such as high cost of sensors and their implementation, lack of infrastructure, and security issues. However, in recent times, these roadblocks have been overcome and the true benefits of incorporating IoT weigh much more. And, businesses that have adopted this technology would agree.
Few businesses have taken the plunge into the vast land of IoT realising the multiple opportunities that come with it like increased productivity and revenue that comes when processes are automated. A manufacturing company can leverage the benefits of IoT by monitoring operations without manual interaction. Tracking systems can be developed for easing inventory management. Real time visibility of products and their locations can eliminate the manual work involved to do the same. Sensors can be attached to machines to monitor temperature and pressure and generate alerts in case of any issues. So many are the advantages of IoT, that they can do wonders even if implemented in a small coffee shop!
Making IoT a part of organisational strategy can prove to be a wireless backbone for their growth strategies. Now, this has become easier to achieve since no longer companies have to start from scratch when it comes to implementing IoT solutions since there are a plethora of use cases ready for deployment. One such use case is the Data and Rule-Based Alarming and Reacting by TeamViewer IoT, which has defined rules to alert you in case of unusual behaviour and can trigger automated actions to reduce overall downtime. Worries about loss of revenue and waste can be set aside, and customer satisfaction can be attained by implementing such IoT solutions.
IoT is a journey that ought to taken by all to simplify overall functioning and create significant possibilities of expansion. With the right interpretation of the insights derived from IoT devices, every business can get rewarded with results like never before. For this to materialise, IoT needs to be viewed as a one stop answer for accelerated growth and not a complex solution. TeamViewer IoT aims to make your journey smooth and overcome the common hurdles with easy access to remote monitoring, cross-compatibility, security, and user-friendly interfaces. Connect to growth with a few simple steps with TeamViewer IoT and pave way for a promising future!