The IoT is everywhere and it’s connecting everything! From individual devices to smart city infrastructures; could IoT revolutionise your business as you know it?
From “smart tractors” – John Deere tractors now help farmers optimise when, where and how they plough their fields for reduced costs and increased yields – to traffic lights that adjust their waiting times based on congestion levels; the disruptive nature of IoT could help companies steal a march on their competitors.
Although not new, the Internet of Things, or the Internet of Everything (IoE) as it’s more recently been called, has been gaining momentum over the last 5 years.
Put simply, the IoT is about connecting devices over the internet (or other frequencies such as Wi-Fi) and letting them “talk” to applications, each other and to us. It’s a similar concept to software and hardware integration.
It’s enabling individuals and even cities to become smarter and more efficient – and potentially it could do the same for your business.
With The International Data Corporation (IDC) estimating that, by 2020, devices connected to the Internet will generate nearly $9 trillion in annual sales, it’s clear that IoT presents businesses with huge potential. But the way in which connected devices are used by companies will vary massively depending on industry.
According to a 2015 study by Tata Consultancy Services, the industries that spent the most on IoT device development in 2015 were:
Travel and hospitality
Banking and financial services
But what are the business benefits that companies are hoping to reap through IoT technology? According to a 2014 Forrester study, they are:
49% – Better customer experience
46% – Supply chain optimisation
45% – Supply chain visibility
45% – Loss prevention
44% – Cost efficiencies
If you’re still wondering whether the IoT has breakthrough potential in your industry, Deloitte suggests that the power of IoT lies in uncovering the additional, and potentially disruptive, value that is enabled by having real-time, context-aware data feeds from multiple sources over time.
If you know what you need from IoT – and even if you don’t – we can help you. As well as knowing the ins and outs of technology and the best ways to use it to help power your business, we pride ourselves on our ability to converse in plain language, our creativity and the ideas we bring to the table even if you think you’ve already got the ideal solution.
We can create mobile, tablet, web or desktop-based software applications with either a cloud based or local database that “talk” via either short-range frequencies such as NFC, Wi-fi, Bluetooth or infrared, or long-range frequencies like the internet and radio-frequency identification (RFID).
Because you’ll have a lot of data from your IoT device, it’s important that the front-end is completely user-friendly. We’ll create a front-end that includes elements such as:
A completely customisable user interface (UI) dashboard that makes it easy for you and other users to visualise and understand your data
Quick and simple reporting that can be emailed or printed
The ability to securely store large amounts of data indefinitely