How IOT system help in Business Growth
                     How IoT Systems Helps in Business 
Growth
Internet of Business 
Every aspect of dailSy liavesy nosw generate data. The smart watch we wear, sense 
every beat of our heart, track each step we take. Furthermore, the smartphones 
we use track everything we do, where we go, what are our hobbies. 
These insights benefits to customer as well as to product maker. In the end, we 
all are going to enter in the world of Internet of things (IoT) which is benefits 
for everyone – keeping us connected to Important things and people we love 
the most or Important to us.
The IoT market, which includes software, hardware, systems integration and 
telecom services is expected to grow $520 billion by 2021.Meanwhile, the 
industrial IoT market is forecast to cross $175 billion by 2022 according to 
Market Research Engine.
If you are thinking how IoT technology could be used in your organization or 
company, First it’s important to understand how it is currently transforming 
business and operations.
•Next, the 4 ways how  IoT helps in business 
growth
0 Improved 0 Cost & Business Downtime 
Insights Reductions
1 2
0 Increase in 0 Asset Tracking Efficiency and & Waste 
Productivity Reduction
3 4
1. Improved Business Insights & Customer 
Experience
By connecting in manufacturing, the supply chain, aviation, 
healthcare, IT, Agriculture and many other industries, companies 
are getting much better insights into their operations and they 
are able to understand how their customers are using their 
product and services.
This has been enabled by cloud platforms provided by Google, 
Microsoft Azure, IBM and AWS. But in some industries, there is 
now a shift towards edge computing which reduce the latency by 
relying on remote, third-party data canters.
When a company knows how its customers use its products they 
can fulfill their needs and improve the customer experience in a 
better way.
In shopping environment, IoT helps in reducing friction in buying 
experience and customers to interact with products. For some 
industries or business the experience is still a little cranky, but 
the main thing is that IoT can give street business a much higher 
boost at a time when conventional online retailing is undermining 
it. 
With implementation of IoT in customer-facing type of business, 
there are other benefits too like supply chained management 
and stock control.
Infographic Style
IoT in Shopping Environment IoT in Businesses VALUE
When it comes to eliminating friction points The future of retail lies in connecting with In many ways, the retail industry is 
in the shopping experience, UK-based the customer and reducing friction for at the forefront of technology-driven 
Sainsbury’s has turned to scan, pay and go them. The ‘need it now’ mentality of today’s change in this area – with the need 
technology via shoppers’ own smartphones shoppers sees convenience take for change reflected in the widely 
to enable them to avoid queuing at the precedence over brand loyalty, with many reported fall of many household 
checkout. customers favoring online shopping. names.
2. Cost & Downtime 
Reductions
The benefits of these new insights is often a reduction in 
operational cost and downtime.
Imagine the failure of a critical component in an industrial 
installation causing many hours or days of downtime while the 
fault was traced and fixed. Now, imagine every part of that 
installation being stored in digital twin, which told engineers 
that the component was going to fail in advance and where it 
was and how to replace it. As a result, Engineer can scheduled 
the maintenance and replace the part of the installation.
This type of technology can help to reduce the both operation 
costs and downtime in industries and other factories 
installation, while helping engineers or workers to learn on the 
job about how machines work and can be maintain, upgrade via 
tablets, AR Headsets or smart goggles.
Using digital twins, it is possible to forward-plan upto 23 days, 
which results to reducing maintenance. Rolling stock usage is 
also balanced across the fleet to ensure that certain trains aren’t 
subjected to more journeys than others.
Digital twins can be the best option for reducing the downtime 
and operational costs and benefits across many industries, from 
gas, oil and other energy sources, to manufacturing and the 
supply chain.
Cost & Downtime Reductions Info Graphic Style
Digital Twin IoT 
Technology
Reduce Reduce 
Downtime Operation cost
Beneficial to all Easy to 
Industries Understand
3. INCREASE IN 
EFFICIENCY 
AND 
PRODUCTIVITY
By connecting business’s key processes, 
owners can easily improve or boost 
productivity and efficiency. According to recent 
report IoT helped industries to boost revenues 
by $154 Million.
Many employees are using special tracking 
suits equipped with body-tracking technology. 
Ford’s Valencia Engine Assembly Plant is one of 
them which are using a special suit to track the 
movement of their workers.
This technology is much likely as to the motion-
tracking systems the record how athletes turn 
or sprint or actor speak and move. Ford 
company has been using the similar type of 
technology to design less stressful 
workstations to increase the manufacturing 
process.
The same technology can be applied to 
industrial machines to clarify problems in 
production lines. 
4. Asset Tracking & Waste Reduction
Closely linked to efficiency and 
productivity is the drive to reduce 
waste, to which IoT tracking is 
integral.
Werner Reuses of Orange Business 
Services has shared huge value of IoT 
when it comes to reduction of waste 
and inefficiencies in supply chain.
According to him, the more components 
are there in a business operation, the 
more it benefits from IoT 
implementation. The supply chain 
industry has become the highest 
adopter of the IoT to date.
BEYOND IoT
These are just small gains from implementing IoT technology as a part 
of digital transformation strategy. When these methods or gains 
combined with other technologies such as VR, AI, Robotics and 
blockchain, businesses are able to gain revenue, gain competitive 
advantages, produce high quality product and services and increase in 
product efficiency. 
Source – 
www.internetofbusiness.com/5-ways-the-internet-of-things-is-transforming-businesses-today/
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