Growing Need of Internet of Things
Posted on November 11, 2019
Internet today has managed to create a world of difference, from connectivity, to standard of living to improving the socio-economic factors, internet has had a commanding influence and presence.
Technologies like augmented reality, virtual reality and artificial intelligence have managed to transform and bring about significant changes in the medical, healthcare and entertainment sectors among others.
The focus is now on Internet of things (IoT), this is one of the up and coming innovations as it will have a far-reaching impact and companies are now looking to cash in on this innovation.
The possibilities with IoT are endless and once you start exploring them there is no end to it.
So, what is IoT and what is the significance it holds, let’s look into that:
What is IoT:
Internet of things is a process by where in devices can transfer data to and from each other independently from one device to another without assistance manually or intrusion. The technology entrenched in these devices enables them to have interactions within themselves or other external factors, due to which it helps them make their decisions.
Industries and businesses are slowly beginning to venture into IoT applications to increase efficiency and improve productivity.
IoT segment seems to be growing and expanding every day, with a lot of devices now being brought into the IoT fold.
- Accessibility to a huge data base of material for analytical purposes
- Data Storage in large numbers
- Operational from a remote access
- Independent of manual operation
Reports also state that more than 50 billion devices will be connected to the internet via IoT by 2020 transforming into a multi-trillion-dollar market.(https://www.skyfilabs.com/resources)
Things IoT can do:
IoT has been creating and developing ecosystems that are inter linked and interconnected with each other in such a seamless and effortless manner, and the communication between these devices is something we never expected to happen.
It helps you analyze data, share these data, secure data in a cloud and helps give a significant meaning to the data and change the way businesses operate. Devices apart from your smartphones can be embedded with this technology and interlinked to other devices.
Application development companies are developing and designing software’s so that more and more devices can be connected using IoT applications.
Today companies across the world are bringing IoT into their fold by either incorporating them into their production services or their products.
Future of IoT:
Storage of Data:
Internet of things has made it possible for storage of large amounts of data, not only does it store data, but it also helps in transferring data from one device to another. There seems to be a growing need for this as data is an essential tool for analysis, as companies and business like to have access to data to analyze the needs of their customers among other things.
Popularity of Smart Homes:
Not only are phones smart today, but the technology used in our homes are making our homes smart to, from security alarms to electricity and other appliances, connectivity has increased and IoT has contributed towards this. This trend is here to stay and grow and IoT is what is going to help with this.
As the popularity and awareness of IoT grow, we will see a significant change and transformation in how industries work. The health care and automobile industry has already incorporated IoT with an efficiency and practicality that now more and more industries are moving towards this technology. Also, cities are moving towards becoming smart. This will also help monitor data related to patients and their care and transmit the same to the concerned parties.
Efficiency and Productivity:
Technology has already proven to increase efficiency and productivity, but IoT will drive this even further and will minimize the scope of errors even further. As they need be controlled and can function independently, this gives industry an automation and enables them to produce better results. Also, it helps bring down the cost of production, thereby making it a highly popular technology to adapt.
Faster Decision Making
Artificial Intelligence combined with IoT will help analyze, process data faster. It helps identify trends, also be able to protect them better and provide resolutions faster.
Companies and cities alike are moving towards IoT as it will give them a competitive edge and help make them pioneers in their respective fields.
The future will see a lot of companies incorporating IoT into their products and application companies help develop such software. IoT has been a great revelation when it comes to the transmission and storage of data. It has connected devices as simple as alarms to making cars driverless and being remotely controlled.
One big contribution has been in the analysis of data of large quantities. The world of internet of things is moving and at rapid space. There are big things to come and the anticipation is going to be worth it
Why are companies integrating Internet of Things on their platforms?
Posted on February 20, 2018
Internet of Things has redefined the concept of ‘connectivity’ in business. A seamless connectivity between people and machines defines the integrity of a seamless business infrastructure. IoT has taken connectivity to the subsequent level, establishing a collaboration between machines. Millions of IoT devices are getting connected to serve dedicated purposes in business.
The IoT market is fast developing, and it has already made its way into the manufacturing, retail, hospitality, transportation and utility industries. Integrating Internet of Things on your platform will leverage the productivity of your business. The pioneers of the IT industry are keen on innovating new applications, that will connect the machines for a smarter business ecosystem.
The leading IoT application development companies have been efficiently collaborating with their clients, delivering customized solutions to them. Business firms across the globe are massively investing in IoT technologies. The IoT industry is projected to acquire $267 billion stature by 2020. Connected things enhance the exchange of information, which is a priority for business firms, regardless of their origin and nature.
A sound IoT infrastructure in your business ensures secured access of data on your platform. Integrating IoT applications on your platform can streamline your business. The end-to-end IoT solutions establish an agile operational mechanism for your business.
Here are reasons, leading to the integration IoT solutions on various business platforms.
In the competitive business environment, business firms find it challenging to retain the customers for long. With the inception of IoT in business, business firms are relying on the leading companies for IoT application design. Internet of Things can leverage the customer retention capabilities of companies to a great extent, enhancing the simplicity, ease and convenience in the industry.
Today, customers expect personalized services, and IoT has tremendous potential to improve the customer services. For instance, air filters used by customers need to be replaced from time to time. The company can send the replacement filters automatically, when they are needed. Business firms from all domains of the industry can reap the benefits of IoT for customer retention. Intel predicts that the world will have more than 300 IoT connected devices by 2020.
Better purchasing mechanism
The eCommerce business firms are embracing IoT solutions, as it delivers a better marketing mechanism to the business firms. Customers will have more connected devices, that are capable of making purchases. Besides, it is important to make the purchasing mechanism mobile-friendly.
The IoT solutions will enable business firms to acquire and process the necessary information in quick time. These include information like credit card details, phone numbers, email addresses, social medial profile data and so on.
Besides, the IoT devices will strengthen the internal operations within the business. In eCommerce companies, IoT can leverage the replacement mechanisms. The insightful approach of the leading companies, providing IoT solutions, deliver a flawless business infrastructure for your company.
Predicting purchasing habits
Retail store, online shops and other B2C companies can shape their marketing strategies, based on information obtained on purchasing habits of the customers through IoT. The IoT applications can evaluate the preferences, routines, patterns of shopping and other information, which can help business firms predict the purchasing habits of their customers. Even when you deal with B2B models of business, you can anticipate the needs of your clients by integrating IoT solutions on your platform.
This can prove effective in providing customized services and products, that suit particular situations. IoT ensures a simplified data analysis and compilation mechanism for your business.
The manufacturing industry is focussed on IoT application development, as it strengthens the process optimization on their platforms. Process optimization involves a number of crucial departments within these organizations.
From supply chain management and operational management to equipment maintenance, IoT can simplify all these processes by establishing a fool-proof connectivity on your platform. By integrating CRM and ERP to the internet, the exchange of information will get a boost. Companies can benefit from faster inventory management and exchange other vital information in real time by integrating IoT solutions on their platforms.
Optimizing the costs
Cost optimization is one of the key reasons behind the integration of IoT on business platforms. It ensures maximum utilization of the assets, thereby bolstering the productive output of the company. Integrating IoT solutions on your platform can cut down the expenditure to a substantial extent. For instance, real-time diagnosis and predictive analytics can help business firms in reducing the maintenance costs. Evidently, IoT can help companies maximize the benefits of the available resources.
Well, you may reach out to an established company for IoT application design. A customized solution for your business can go a long way, leveraging your internal operational and marketing mechanism. Besides, IoT is being integrated in almost every industry. 75% of the new vehicles coming up by 2020 will have built-in IoT functionality. Hospitality, housing, retail and other sectors, too, can benefit from IoT solutions. At Octos Global, Get across to the reputed developers to get a seamless IoT solution for your business.
Transforming your business destiny with the help of IoT Application Development
Posted on December 19, 2017
Technology enables millions of devices to interact with each other each day. Internet of Things is here, and is fast making its way across various industries. The technology is still evolving, connecting devices to people and other gadgets. Today, the global business landscape has witnessed a change, with a large number of companies seeking IoT Service from reputed platforms. From wearable to mobile devices, you can control your business mechanism through smart technologies, streamlining your marketing process and customer experience.
According to a research, by 2020, around 2.5 billion people will be connected through 50 billion gadgets connected through IoT. Well, business firms can benefit from IoT in a number of ways, right from automating their systems to enhancing the purchase process. Leading marketers have termed this seamless mechanism as ‘hyper-connectivity’, quite rightly.
Let’s have a look at how IoT application development can transform your business density.
Increased opportunities for business
Integrating IoT into your platform, you can come up with new revenue streams. This is likely to open up new business opportunities for your business. Innovations based on IoT reduce the marketing time of brands and increase the ROI. You may approach a reputed company for a comprehensive IoT solution for your business. It has got the potential to revolutionize the way business firms and customers approach the market, enhancing their level of interactivity.
Around 78% of the marketers believe that integrating IoT on their platforms can increase their productivity to a large extent. 72% believe that the technology has the ability to simplify their automation process. Tools that are connected in the system can convey their condition to the marketers and generate reports on how people are using them. It helps the firms to schedule their preventive maintenance process and avoid delays due to breakdowns of their machinery. You can also send the performance and usage data to the research and development process, enhancing the usability and performance of your product.
Leveraging customer experience
Customer experience is a key issue, determining the ability of a firm to keep its customer base intact. Various companies are relying on established professionals for IoT application development. It helps to provide the customers with the type of experience they would expect from the company. For instance, have a look at the automotive industry. The vehicles are integrated with smart technologies to provide location and diagnostic data to the users. They also furnish usage data like the speed, fuel consumption and lengths of the trips. Again, logistics companies use internet of things to their customers, enabling them to keep a track on their shipments. The concept of real-time information and updates has received a consolidated form with the advancement of IoT.
Optimum utilization of assets
At times, business firms are unable to keep a record of their assets, which may lead to under-utilization of the resources. This includes their tools, machinery and equipment. Through an automated system, you will be able to keep a track on your resources, utilizing them in the right way. Apart from this, it is also easy to detect faults in your assets when you have a refined mechanism to assist you. Today, the reputed platforms for IoT incorporates the technology for retail firms, manufacturers, utility, hospitality and transportation industries.
Enhanced safety and security
The leading IoT application developers can help you to boost up the overall security of your operational mechanism of your business. They integrate video cameras, sensors and other sophisticated tools on your platform, keeping them protected from physical threats. Besides, the IoT connectivity allows multiple groups of professionals to resolve hassles instantly. When you control your system through mobile devices, you can view the interiors of your stores and manufacturing units through live cameras. This will secure your system and keep you alert about any possible threat.
With all these benefits, IoT seems promising to business firms, enabling them to strengthen their portfolio. Besides, it ensures better productivity, asset utilization and efficiency of the process, helping the firms to make more savings. Well, generic IoT solutions will not serve your platform, you need a custom-build IoT solution for your business. When you need IoT Service California, simply reach out to the leading companies with an established reputation in the domain. The experts will come up with a personalized solution for your business, connecting the desired devices to enhance efficiency. No wonder, IoT has tremendous potential to transform your business density.
Intrigued with the Internet of Things? Know How Has It Revolutionized the World
Posted on November 1, 2017
The Internet of Things or IoT has been a hot topic of discussion among the business and technology enthusiasts since the last decade. But the year 2017 witnessed the changes IoT brought it with itself and turned the entire world upside down, for good of course. The launch of products like Google Home and Amazon Echo by the technology giants have finally given wings to this technology and has helped it to finally take off in this year.
A lot of industries are profiting innumerably by embracing this technology and for all those who have failed to keep abreast with this IoT revolution are surely losing out on the perks it has to offer.
With all this being said, it’s time to have a look at some of the ways in which IoT services has revolutionized our world. Excited? You should be.
How is IoT Making Our Lives Easier?
1. More and More Things are Getting Interconnected
IoT has revamped the connectivity in such a way that it is directly benefiting the end users in every manner. Users are connecting to the smart devices and the smart devices, in turn, are connecting to the ordinary objects for increasing their functionality and value. It would not be wrong to say that IoT has made it easy for the human race to manage variant aspects of our everyday life with the power of inter connectivity and without any scope of errors or discrepancy.
The most elementary example of the same would be the usage of our smartphones to control numerous things. By using it as a hub, we can directly control the lighting of our home and its security as well as can also see whether we need to head to grocery shopping or not. The best example of this is Amazon Echo. You can easily check what the outside temperature is, connect with a bunch of devices like a thermostat or smart bulb, and lot many things, with just your voice. Cool, isn’t it?
2. Enhanced Driving Experience with Interconnected Cars
With the advent of IoT and its integration in the field of automobiles, the overall driving experience, right from the efficiency to security has been enhanced. We are all aware of the fact that the big names like Apple, Google, Uber, Tesla, and others are investing significantly in building self-driving cars, which as the name suggests, will drive themselves. As per Gartner, around 250,000,000 connected cars will be present on the roads by the year 2020.
Since they will have the ability to communicate, absorb information, and do action on the data points, which in turn will make sure that the cars hit the brakes at the right time, follow the right path, as well as function properly.
3. Increased Awareness About the Things Around Us
Before the introduction of the recent technological innovations, we used to worry about trivial things in our everyday life. For instance, a lot of us have at least once worried about the forgetting to switch off the fan or lights of our home. But nothing could be done once we had arrived at work.
However, now is the time of increased awareness and rendering all these worries obsolete. The IoT devices such as smart lock will tell you if someone enters your house in your absence, your thermostat will start heating up your home before you make it back home, or smart bulbs which will enable you to keep the lights switched on even if you are away to give the assumption that you are still at home.
Well, this is just the starting of the IoT revolution.
4. Better Healthcare Due to Automated Tools
A lot of people love to monitor their health and physical activities to keep a tab on how they are doing in terms of their health. This is the reason due to which, wearable technology has become a hit in the market. All the technology hotshots like Apple, Fitbit, Motorola, and others have invested in the production of smart bands and watches. As per the stats released by the Mobi Health News, around 4 million patients on a global level will remotely monitor their health by the year 2020.
This doesn’t stop here. What is equally amazing is the fact that IoT is paving a way to build a healthier world not just with its wearable technology but also with the numerous health and fitness apps to fitness competitions.
5. Revamped the Way Businesses Work
The caliber of IoT to simplify the work is not just limited to objects at home but also extends to the business world. More and more companies are gearing up for harnessing IoT to reduce the overhead cost invested in serving the customers. The smart sensors installed in factories and industries are providing preventative measures to avoid malfunctions, accidents and the biggest of all, saving the loss of human lives.
According to the reports, 35 % manufacturers have already deployed smart sensor and around 5.4 million IoT devices will be used in the oil extraction sites for providing the environmental metrics. Both small and large enterprises are benefiting from the IoT technology and are garnering huge ROI.
There is no doubt in the fact that the benefits of IoT are unparalleled and it truly has the potential to make our lives much easier than now it already is, in the coming future. To know more about the advantages and the opportunities that IoT can offer your business by contacting the experts at Octos Global.