The Popular “Internet of Things” Forecast is 50 Billion Devices by 2020 So What Will It bring us?
The key is to collect data. If our business has more data which means; The Company makes the decision easier, become productive and the companies would be further against their competitors. Even if the customers do not know about their self. The companies are able to know many things about the customer and their habits. That is “Internet of Things” behind of it. IoT has made it possible for companies to get access to a considerable amount of customer data without having to ask their customers for it. The data, which come from IoT, could also be used to predict exactly when, in the customer lifecycle, that a buying behaviour will occur.
This data includes the mobile phone, web browsing habits of the customers, tracking of our locations or food in our fridge and how they connect to the web each day. Additionally, IoT is able to help to increase your knowledge about machines. For example, if your home sensors can detect daylight in your home and manage bulb power without not need your intervention. The key will be to track the right data, analyse it, and change marketing strategies to accommodate your findings.
IoT will provide us with small pieces of data. If the companies put together these pieces of data/information they receive, the companies are able to get a clear picture of their customers or/and the audience they would like to target in the future.
It’s time to look at how it will change our businesses in the future.
Productivity will increase.
As an assumption, your entire business will be able to operate more productively, with fewer expenses. The cost of purchasing and running systems all your devices may be initially steep, gradually the companies will end up paying less for staff, and you should be capable of producing more products, thanks to the efficiency challenges new technologies will have solved the insoluble problem.
Needs of New Type Consumer
These new types of “Smart” devices are going to have new needs. Customers will like to require things they didn’t know they wanted before, and they’ll expect more out of every new purchase they make. With IoT, “Smart” devices will become the new standard for gadgets, appliances, and maybe even items like furniture. Additionally, users will demand more integration, more efficient tools, and accessories that make their new smart home-enabled lives easier and much more efficient. It will be a task for the company, in order to dream up the ideas that can make that a reality.
Everything will be faster
Everything will be faster, because, interconnected devices will communicate with others or applications. Our fridge will order directly from a supermarket, ASAP we consume milk. Our needs will cover more fastly.
Smart Products
Smart Products will be designed and manufactured by IoT. We are not using a mobile phone only for the call. We are using a booking flight, making a payment, remotely control home, being social and more. IoT and technological advancement have helped to change this considerably. IoT is set to change the face of how businesses are run in the future.
Smarter decisions and improvement in business operations will be made
IoT is not only smart devices but also smart sensors. Smart sensors are able to influence how production is made. Companies will be able to record the data and transfer it back to the cloud via this sensor. Companies are able to gather specific feedback on how their products and services are being used by users and what their feelings are about companies’ services. The future requirements of their customers will be understood using IoT. So that Smarter decisions and improvement will be possible.
Real Time-Data, Real Time-Solutions
The Internet does not any longer solve all problem. What about the internet of things? Employees have to physically perform inspections, report inefficiencies and notify a business participant about any problem in volume or quality. Of course, this was before IoT. Today, software connected to the web reports data in real-time, which allows businesses to know exactly when any problem might occur in advance.
Working remotely is more effective
As we know, working with portable devices like tablets or mobile phone via cloud-hosted software is an indispensable option for many professionals. When IoT technology becomes commonplace, and all devices are manageable on one network, it will become even easier to manage remotely business. If you have a mobile device and an internet connection. You may be able to manage all business such as a branch or department. All these will happen in midterm