Imagine if everything in your life and business was seamlessly integrated? Just think if you could connect your phone, vehicle, or any of the numerous components of your business, how that would have a positive impact on your life? All of the time savings, ease of doing business, and reduced stress. I know, it sounds too good to be true, doesn’t it? Well, what was once just a figment of our imagination is now a reality thanks in part to the Internet of Things or IoT.
What exactly is The Internet of Things, and why is it important for your business? From a practical and elementary point of view, it means to connect a series of seemingly unrelated physical devices and regular everyday objects using the limitless power of the internet.
Now to the burning question; why is this important for your business? For one, as wireless technology continues to drive innovation forward, staying up to date with current market trends allows your business to run more efficiently, accounting for significant cost savings. Secondly, the McKinsey Global Institute, one of the forefront authorities on global economics worldwide, estimates that IoT technology could have an annual impact of anywhere between $3.9-11 T by the year 2025. Needless to say, IoT is an important force shaping the way we do business in the 21st century and beyond.
The largest reason behind IoT’s influence is simple. It can be applied to almost every business vertical imaginable. The vast majority of businesses today are already utilizing some form of IoT, whether they’re aware of it or not. What makes it so exciting is the unforeseen benefits yet to be discovered.
So how does this all work you may be wondering? Although it may sound intimidating, at its core, IoT is fairly simple and consists of four components: sensors in or from devices, connectivity to a cloud-based system (cellular, satellite, WiFi are just some examples), data collection and processing, and finally, a user interface.
The process would look something like this: a series of sensors/devices, through connectivity to your network, would communicate to the cloud. Software processes that information and would then prompt the end user or user interface to perform an action, and communicate back to the sensor/device it originated from. Automation at its peak, and it’s a beautiful thing.
The ultimate goal of IoT is to compliment the technology you already possess, leverage the newfound capabilities of connectivity in your network, and optimize your business in terms of performance and efficiency.
If this sounds like something you would be interested in, or you simply want to learn more about the Internet of Things (IoT), please feel free to reach out to us today! Leveraging AT&T’s network capabilities through partnership with Mobility Help Desk is what we’re here for!