From watches to truck engines, household devices and industrial equipment are having chips inserted in them to make them smart. A research conducted by Business Insider predicts that by the year 2027, there will be 41 billion IoT devices connected to the internet. This number will triple by 2030. Fortune Business Insights also predicts the IoT market will be worth $1.1 trillion by 2026; a huge increase in its $190 billion worth in 2018. It’s safe to say that IoT is here to stay and grow.
It’s interesting how the global pandemic is changing the business world. A lot of companies have suffered because of their inability to change and adapt. If we’d known earlier what was coming, perhaps many businesses could have improved their flexibility and resilience to better survive. They could have built a workplace equipped for remote working. But there was and still may be a general lack of preparedness leading to businesses failing during this uncertain time.
So how can businesses look to a bright future as we navigate the pandemic?
Role of Internet of Things
The Internet of Things (IoT) is a system that provides the ability to transfer data and information over a network of connected computers, without needing the hand of a person. The different systems can communicate through the cloud, then be processed through specific software, and as a result, could have an action performed.
How could it help businesses?
IoT can offer businesses a solution not only to manage assets but also enable remote working. Companies could monitor performance remotely without requiring staff to travel to a particular location; a theory that’s incredibly important in the world of social distancing and remote work.
IoT can also enable companies to ensure safety in public spaces through connected devices like thermal imaging cameras and smart sensors. This can also work to automate hand sanitizer dispensers to encourage good hygiene and, furthermore, manipulate the data to promote better health and create structure.
With Microsoft Azure IoT as an example, workplaces could gain the ability to build and deploy a secure application that is suited for their services and is scalable. This can let people manage the real services needed in order to operate as successfully as possible amid pandemic restrictions and concerns.
While this looks easy on paper, a lot of work goes behind implementing IoT in your workplace. You have to check the compatibility of your devices, build a network of communication between the devices as well as ensure cybersecurity and data privacy.
Contact us to find out how IoT can help your business if you can implement an IoT system in your workplace, as well as to create and implement a plan of action for the same.