Uploaded on May 25, 2021
In this fast-paced digital world, enterprises’ dependencies on technologies are shooting up exponentially.
Benefits of IoT Deployment
Benefits of IoT Deployment
Satya K Vivek
Writes for Gadgeon.com, an IoT service provider,
and has expertise in IoT software development.
In this fast-paced digital world, enterprises’ dependencies on technologies
are shooting up exponentially. Internet of Things (IoT) is a technology that
is evolving very well with its wide spread adoption and the benefits
generated. IoT technology is identified with two aspects:
Lesser human intervention. IoT enables connectivity and data
exchange between devices, machines, and systems without human
interference.
Integration. IoT enhances interface across networks in a scalable and
flexible way, so that large volume of data and information become
accessible.
Businesses can save a lot of time by deploying IoT. Particularly, IoT
solutions can help automate tasks that takes long hours to complete in
few minutes.
Major motivation for most of IoT programs is cost savings, productivity
enhancements, safer work environment and efficiency improvements. By
enabling better understanding of end consumer behavior, businesses can
enhance the experience consistently. Here are some of the key benefits of
deploying IoT solutions.
Obtain data from variety of sources
With IoT technology, today businesses can collect and process data from
variety of sources. This enabling them to get analyse and generate
insights quickly to drive key business strategies as well decisions.
Enhanced Productivity and Competence
Enhancing efficiency and productivity makes the businesses more
profitable. IoT technology plays a big role in helping manufacturers and
enterprises to assess the specific demands better and channelize required
resources in meeting them. As a result the efficiency goes up at all stages
of production.
Using IoT technology, routine labor intensive tasks can gets automated;
the human resources can be re-deployed for more critical and complex
activities. This will eventually results in reduction in the number of
workers and costs. IoT keeps the employees well–informed, facilitating
improved relationship with their clients.
A better understanding of customer behavior
Having a better understanding of customer preferences and behavior will
help businesses in deciding what kind of product and service to be
offered, what more can be added and what has to be dropped from
current products & services. IoT technologies facilitates market research
at massive scale by gathering, analyzing, and interpreting data from
customers’ activities like – video surveillance, usage of mobile, internet,
and social media.
IoT solutions leveraged by utility companies are enabling them to find
issues and solve using smart meters and associate grid technologies.
Better operations control
IoT technologies by improving the interconnection of smart devices and
automation of device control over multiple operation areas like inventory
management, shipping tracking, fuel & spare parts management. In
manufacturing industries, IoT devices can be used to track equipment and
reduce downtime by foreseeing future failures or probable errors on
production lines.
Improved resources and assets utilization
The automated scheduling and monitoring implemented along with
interconnected sensors and machine enable higher efficiency of resource
usage such as energy and water across the production lines. Energy
expenses and recovers of electrical efficiency by utilizing IoT solutions.
Smart building management systems allow tracking & monitoring and
thus facilitate avoiding redundant usage of electrical systems.
Using IoT technologies critical assets are connected via sensors, enabling
remote real-time insights and monitoring. The data from the connected
systems help in operating them better with the detection of faults or
conditions leading to faults early. In case of emergency, the IoT application
can be configured to automatically switch off the machinery, preventing it
from overheating and getting damaged.
Better safety
IoT solutions improve safety in the work environment, by integrating
intelligent emergency procedures. The scheduled maintenance is
advantageous in ensuring operational safety and compliance with
regulations.
Smart devices reduce the probability of human error during different
stages of business operation, resulting higher level of safety. A network of
IoT devices such as surveillance cameras, motion sensors, wearable and
monitoring devices can be utilized to ensure the security of work zones,
environments and warn or alert on emergencies making the work place a
safer place.
Enhanced business opportunities
By leveraging IoT solutions, businesses are able to come up with new
revenue streams by offering range of services & products with increased
effectiveness and user experience at competitive price levels. The use of
smart solutions makes an enterprise more competitive, attractive, and a
true business partner.
IoT improves customer experiences by facilitating after sales supports and
follow-ups through automatic tracking, reminds on maintenance, ending
of warranty periods etc.
Trustworthy image of the company
A company that employs high-tech solutions like IoT makes a positive
impression on customers, investors, and other business partners.
Attracting highly experienced staff to the organization becomes easier
when the company provides a safe and secure work environment
guaranteed through a network of smart devices connected via IoT
technology.
Backing business models with data
Data is the most effective tool for today’s enterprises. More and more
industries are transforming themselves with data-driven business models.
The biggest contribution of IoT technology is the collection, aggregation,
storage and analysis of data from end-to-end business ecosystems.
IoT in the near future
IoT technology and solutions are making consistent and significant
impacts on each and every business. With more focused as well as
targeted tactics & strategies, adoption of IoT solutions will bring even
better profitability and benefits.
Even though IoT technology can deliver even greater value, companies
need to prevail over challenges such as data & information security, lack
of interlinked technologies and privacy concerns.
About Gadgeon
Gadgeon is known for its expertise in Industrial IoT and engineering
excellence. We connect devices, operations, and processes to create
business value, and revolutionize enterprises with the power of data. As
an end-to-end technology services company, we successfully enabled the
digital journey of customers with critical digital services ranging from
embedded systems, cloud app development, mobile app development,
data & analytics, application modernization, emerging technology based
solutions, and testing & test automation across the industries such as
connected factory, telecom & datacom, digital healthcare, CSPs, and
home & building automation.
Thank you for time in reading this article!
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