The cloud has made greater storage capacity and hundreds of applications readily available. Sensors have become more readily available, effective and affordable. Businesses have begun to realize the potential of monetizing this people and machine-connected ecosystem. While this loosely woven concept of the IoT has been emerging for a while, several factors are driving its more formalized adoption today. All the way, data is being captured – vast amounts of data that can be analyzed and transformed into valuable intelligence that can be returned or routed to different device and user destinations.
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Connections are routing data from local networks to Internet gateways and onto highly robust nationwide fiber and hybrid fiber coaxial (HFC) networks to their connected destination. The “things” (things equipped with sensors) are connecting over advanced WiFi networks and through low-emission technologies such as Bluetooth. Today, all of these devices are connecting with each other, with corporate data centers and cloud-based applications, with on-premise systems, with entertainment sources and just about everything – leading to the nomenclature for some as the Internet of Everything.
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Along the way, machine to machine (M2M) topology entered the Internet ecosphere through devices designed to perform specific tasks such as monitor and relay temperature and location information from refrigeration trucks carrying food and medical supplies track, analyze and report driver behavior to insurance companies notify soft drink distributors that it’s time to re-supply vending machines. In just a few years, the Internet has progressed from a linked repository of accessible documents to a platform for commerce and collaboration, to a connected world of smartphones, tablets and social networks. To fully understand how the IoT is transforming enterprise operations across the nation, it’s first necessary to understand exactly what it is today, how it operates, and what’s required to capture and maximize the potential of its vast offerings.
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Understand the state of the business with real-time insight into consumption, usage, profitability of products and services, providing multiple locations simultaneous access to critical data that enhances collaboration.Improve customer service through data collection that drastically reduces response times and enhances the customer experience.Drive revenue growth with faster product and services development, as data analytics provide near-instant insight on customer patterns, usage and demand.They are applying IoT-derived intelligence to: Already, many progressive-thinking businesses are capitalizing on that wealth of information to shape business strategy, streamline operations, realize new revenue streams, increase profitability and enhance customer communications.