Even as IoT promises significant benefits for companies, it will involve major changes in the way they operate and do business.
from the consumer industry, manufacturing, distribution, and healthcare
are the industries that are expected to be most impacted by the
Internet of Things (IoT). Organizations in these industries will need to
reexamine their entire business models, realign their partner
strategies, and rework their processes to continue being competitive in
the new, IoT-enabled world.
The benefits of IoT include
improvements in operating efficiencies, product safety, location
tracking, and time to market as well as potential cost reductions in
resource usage. In order to leverage the benefits of IoT, organizations
need to understand which areas the deployment of IoT is impacting and
how they will be impacted, and prepare accordingly.
emergence of IoT requires people to adapt to changing data
visualization. Connected devices will provide relevant users an
unparalleled view of detailed data. Businesses will be able to predict
requirements through the supply chain, and access to equipment
efficiency data will mean lesser breakdowns and predictable outputs.
item: Upskill people so they can view, track, and analyze issues across
multiple channels including their desktops, mobiles, tablets, and
In order to leverage the benefits of IoT,
organizations need to understand which areas the deployment of IoT is
impacting and how they will be impacted, and prepare accordingly.
will enable process optimizations like never before. As information
flow becomes faster, decisions will be made more quickly, increasing the
overall market responsiveness to situations. Environmental conditions
will decide production lines in factories and queues for specialized
machines in hospitals, streamlining processes to a significant extent.
item: Ensure processes and methodologies are constantly upgraded to
enable faster decision-making as data and analyses come in faster than
analytical information and data visualization on mobile devices means
that enterprise-level optimization activities will be possible from
remote locations, allowing for entire supply chains to be made visible
point-in-time. Cloud-based solutions will allow for data to be converted
into usable information instantaneously, accelerating the agility of
Action Item: Ensure the enterprise is equipped
with modern technology that can send the right information to the right
people, wherever they are. Read the complete article here.
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