IoT is the interconnection of devices and gadgets to collect, transmit and store data.
These devices can communicate and interact with others over the Internet, and they can be remotely monitored and controlled.
IoT makes communication better devices, for which the renowned term is Machine-to-Machine (M2M) communication. This makes physical devices stay connected providing complete transparency and enhance quality.
More the information available, the better the decisions will be.
IoT provides massive amounts of data collected through the exchange of communication among various connected devices. IoT Makes decision making easy with valuable and reliable information from various sources.
IoT lets you monitor. How easy it becomes to operate when we know the exact amount of supply with us, the date of expiration of the products or the air quality of the premises. All these facilities are available with us just because of the IoT technology.
4. Saves Money
Adopting IoT technology can lead to optimum utilization of energy and resources.
IoT technology’s capability to Manage and alert in case of any possible breakdowns and damages to the system, help save additional cost and effort.
Advantage to Business :-
Increased efficiency and productivity-
The level of productivity and efficiency depends upon how well a business knows about the customer’s need. This can be achieved by implementing smart devices into operations to improve efficiency, so more can be achieved in less time. Large scale tasks can be faultlessly completed in the least possible time.
Inventory tracking and management-
IoT technology is smart enough to transform the way companies track and manage their inventory.
Business in manufacturing, warehousing and storage can easily monitor changes in their inventory automatically, with the help of smart devices, saving a good time for workers to perform more important, insightful and challenging tasks.
Smart devices with IoT technology helps business to function better by keeping track of consumer behavior.
IoT devices provide businesses with valuable customer data, also track and record their usage patterns i.e how a consumer interacts with these devices through machine learning.
This helps the business to create a better user experience. Businesses use the data to study the scope for improvement, understand consumer’s want, and invent new methods for advertising and marketing.
IoT has opened the door for remote work.
IoT ability to connect multiple devices to the same network simply connects employees working remotely to the core. The workers will be able to complete the task from a remote location by connecting to devices in the office or factory floor.