Cloud & Services

Illustration of Business Solutions with IoT

 

Empowering medical facilities, remote monitoring of patients, rendering and analyzing trends to make splendid shopping experience or making industrial machinery more efficient- Miracles of IoT has been stamped as a New Tech & Industrial Revolution”

IoT is completely flipping the way people live, play, entertain, view things and the whole process of business and how it is done.

For example, new wearable from smart shoes to fitness tracker lets you and your doctor know about your medical conditions, smart cars coming with pre-loaded smart apps to ease you out, smart home that lets you control your home environment, play music and the list is IoT innovations is never ending. Hope everybody is getting the point about the wonders of Internet of Things.

This small info-graph will show how IoT will position and stabilize itself in different verticals of business and daily life by 2020.

Internet of Things

An extensive Business Insider report on IoT Ecosystem:

  • Collectively the number of devices connected to internet by 2020 will be 34 billion 2020, up from 10 billion in 2015. IoT devices will account for 24 billion; other computing devices (e.g. smart phones, tablets, smart watches, etc.) will comprise 10 billion.
  • More or less a huge figure of $6 will be spent on IoT solutions in the coming 5 years.
  • Early adopter of IoT will be businesses. The IoT could improve the hierarchy of businesses by 1) lowering operating costs; 2) boosting productivity; and 3) expanding to new markets or developing new product offerings.
  • Governments are focused on increasing productivity, decreasing costs, and enhancing their citizens’ quality of life. Govt. can be the second-largest adopters of IoT ecosystems.
  • Consumers will lag behind businesses and governments in IoT adoption. Still, they will purchase a massive number of devices and invest a significant amount of money in IoT ecosystems.

Business will get a massive support from IoT; the concept of manufacturing, industrializing, business services, farming, medical and many other factors of business will be distilled by IoT at par.

Some business simplifications from IoT:

  • Business solutions and technical complexities will be simplified in a sole ecosystem.
  • Rendering big data, providing powerful and meaning full insights that can edge the way of business, making analytical system more powerful and stronger.
  • Making us more secure and pro-active by predicting the future on the basis of data.
  • Scrutinize the IoT ecosystem and how it can be used and benefited to hundreds of industries.
  • Spotlighting the IoT crusts of big data arsenal, device and system alliance, multipurpose application development, connectivity, security and device hardware.

The trends are simple and crisp indicating us how IoT can hyper loop the businesses; making our ecosystem more connected, secure, simple with a tinch of ease.