It's estimated that the Internet of Things (IoT) will be bigger than the entire mobile market by 2019. The benefits of investing in IoT are as clear as the sun, but a lot of companies are only following the reputation without proper knowledge of the best usage of this formidable technology. 

IoT is Not Just About the Internet 

Knowing how to implement the Internet of Things is far more important than just understanding the technology. There's more to IoT than installing and connecting sensors in everything. IoT, as a technology, should be studied and understood to realize it's maximum potential and level of efficiency to your enterprise. 

Utilizing the IoT to Better benefit a Business

Now that we know how widespread the IoT is likely to be in the next few years, how do we implement it in such a fashion that we can see it improve the operation and efficiency of a business? The first place we need to start is to figure out what we need from an IoT enabled business. As mentioned before, it's more than just sticking a sensor in everything we have. That just gives us loads of data, but without processing data is as useless as grains of sand in a desert. To truly harness the power of the IoT in a usable form, we need to do something with this data instead of simply waste it. McKinsey states that in a survey done recently that as much as 98% of respondents cited some form of strategic plan in mind for the implementation of their IoT solutions.

Tying the IoT into Analytics

In any sort of business enterprise, the best method of utilizing the IoT is through its combination with analytics. This gives us a viable, scalable solution to implement the IoT on an enterprise-wide scale so that we see benefits from our investment into this new technology. At current, a wide range of cloud-based data processing providers such as SAP Cloud and Microsoft Azure provide a basic framework for data capture from IoT devices. This provides a solid framework from which to build on. SAP itself provides a very robust software and hardware system for the development of apps that can tie directly into the data coming from an IoT device thought its Fiori and IoT frameworks. The analysis of this data is what we want to use to improve our business operations.

Figuring Out Necessary Metrics

Implementing a properly well-rounded analytics system requires us to know exactly what we want to use that data to figure out. For this, we need to know what data we're going to acquire and how we're going to process it into information that can allow us to make actionable decisions. The unique property of the IoT to offer up-to-the-minute data for use with cloud systems in order to develop insights into how well (or how poorly) the business operates in respect to what it aims to do lets owners and managers make decisions that can immediately affect how the business responds to a crisis.

The Future of Business Technology

In the last decade, IoT has won the cup of the most important development in data analytics. As time goes by and more and more companies start adopting the IoT, the aim will be less about saying that the company has an IoT program implemented and more focus will be put on how the implementation of the IoT helps the business' performance. The hopeful idea is to use the monetary investment in sensor technology and IoT data processing to develop a more efficient business going forward. Implementing a complete Enterprise of Things is the keystone of this technological development, one that sets the stage for bigger and better things as we refine our metrics and what we want to learn from them.

al-Voip.com offers one of the most important services for companies (Fleet Management System), which is based on the concept of Internet of things.
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