Everyone in Tech has been touting the Internet of Things (IoT) for years, and it seems with the surge of connected devices in homes, it’s only a matter time before IoT begins impacting small and medium businesses as well.
Current estimates state that there will be 40 billion ‘connected’ or ‘smart’ devices by 2020 – almost 7 devices for every human on our planet. Even if your business doesn’t deal directly with technology, the connectivity of these devices is going to impact how you do your business every day.
Smart devices can track behavior of consumers, employees, vendors, and more. Potentially, these devices can also learn, making intelligent decisions and optimizing responses and, ultimately, predicting future behaviors as well.
IoT will also impact the basics of inventory tracking and manufacturing. Amazon is already on top, leading that charge for many years. But as technology becomes cheaper and easier to implement, even small businesses can integrate the same technologies to become increasingly more efficient, leaner, and more profitable.
Employee productivity and morale can also be influenced by the IoT. Remote work becomes easier, by bringing large scale data analytics to anyone, anywhere. It’s no secret that employees can increase job satisfaction, and productivity along with it, by working remote in many cases.
And it’s not all about our material world – cutting edge IoT developments can allow your workforce to have greater precision and accuracy in the very same data analysis and management that started with it. In other words, the more it’s used, the better it gets.
With these IoT trends, scalability is easier than ever when connected devices are integrated properly in your business, leading to more profits, and long-term growth.
SOS Technology Group can help you keep up with this emerging trend and incorporate it into your existing business…