For several years now, experts have been predicting the big breakthrough of Internet of Things (IoT), but only recently have Belgian companies taken the first steps to work with this new technology. Experts first talked about 50 billion 'connected' devices by 2020, but even with the updated estimate of 30 billion devices, this technology represents an industry that will be indispensable in the future economy.
Is your business ready for IoT? Even if you don't work directly with technology, IoT devices will have a IoT devices IoT devices will have a very big impact on the way you work in the future. We list the different reasons for this below:
For entrepreneurs and marketers, data collection is the start of everything. With connected IoT devices connecting consumers in new, even more interactive ways, they will have even easier and faster access to that data. Smart' devices will be able to track and record patterns in consumer behaviour; even learning from them to then make intelligent product recommendations.
Companies are now learning how to use these new insights to conduct marketing even more efficiently and accurately because they are getting to know their target groups on a deeper, qualitative level. At every stage of the buying cycle, from the start of the search to the purchase and implementation, with IoT they have more data than ever at their disposal and they know how to use it!
IoT is revolutionising the way in which companies will monitor their stock. If you are an enterprise with warehousing, storage and manufacturing facilities, your employees probably use remote scanners and other high-tech devices that help them keep track of inventory piece by piece. Smart devices equipped with IoT technology fully automate inventory management, allowing employees to focus on more important, cognitive tasks.
But even if your company doesn't work directly with a physical stock, IoT can open up a whole new world of possibilities for remote working. With even more devices connected to the same network, your employees will be more 'connected' than ever, and can then use the devices in the office or on the shop floor quickly and efficiently from any location. Employees who can work remotely tend to be happier and more productive, which has an effect on your bottom line.
Today's consumers have access to new ways of searching for and purchasing products or services. As a result, the purchase cycle is becoming shorter and shorter. Customers will be able to order the product they are looking for right away with the help of a few spoken sentences. And they will want it delivered faster and faster (our consumer society is more and more about instant gratification). Fortunately, your partners, suppliers and logistics providers will have the same new technology at their disposal, allowing you to serve your customers even faster.
Yet it is not just about speed. With IoT, it is possible to do more in less time. With technological advances, productivity and efficiency are also important assets. The latest IoT developments allow you and your employees to perform complex tasks faster and more accurately, with detailed analyses and targeted management.
If you have plans to expand your business, don't forget that your customers who also use IoT technology themselves will have different wishes or needs. They will ask for things they didn't know they wanted. They will have higher expectations than before when making a purchase. Smart devices will become the new standard for appliances, gadgets and even things like furniture. Consumers will demand even more integration of devices, objects, appliances, even more tools and accessories that can streamline their daily lives even more. It's your job to dream up the ideas that can make that a reality.
We all realise that new technology takes work away from your employees; however, you may also need new team leads. On the one hand, there are the experts in IoT technology who can successfully carry out the integration of all involved devices into your current procedures and systems. On the other hand, you need data analysts who can make maximum use of the available data. These two expert functions are crucial in your business plan to cash in on your investment in IoT.
Want to know more about smart sensors and IoT technology for managing your vehicles, equipment, macheins and employees? Give us a call on 03 289 55 35, or send us your details below. We'll be happy to help and make you an offer without engagement.
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