Title: The Internet of Things: How Organizations are Using it for Good
1The Internet of Things How Organizations are
Using it for Good
2- The Internet of Things (IoT) means everyday
objects are now creating data and connecting to
the internet. - Data we can use in ways we could not have
imagined even 10 years ago. - Unfortunately, many companies are jumping on
the IoT bandwagon without giving much thought to
how this is linked to their business strategy or
how they could generate the biggest business
value.
3Following are The Key Uses of The IoT in Business
- Improve Decision-making.
- Better Understand Customers.
- Deliver New Customer Value Propositions.
- Improve Optimize Operations.
4Improve Decision-making
- The huge volumes of new data from IoT sensors
and devices simply add to the massive pool of big
data. - Strategic decision making is where the senior
leadership team identifies the critical questions
it needs answering.
5Better Understand Customers
- More more companies make IoT-enabled products
which connect them directly to their customers
behaviors preferences. - Even companies that dont make IoT devices can
often gain access to data from other peoples
devices. - By aggregating the data, analysts can look for
trends and identify new business opportunities.
6Deliver New Customer Value Propositions
- IoT devices to better understand customers is
to make them part of your offering.
For e.g.- Tractor and farm equipment
manufacturer John Deere uses the IoT in many
different ways to offer new and innovative
products and services to their customers.
7Improve Optimize Operations
- The data generated from all the IoT devices can
also be used to improve the ways companies are
run. - It can help to automate factories improve the
efficiency of internal processes.
For e.g.- Uber, the smartphones app-based ride
booking service that connects users who need to
get somewhere with drivers, developed algorithms
that use data from sensors and smartphones to
monitor traffic conditions and journeys in real
time.
8Are You Looking for a IoT App Developer? Contact
Us
https//www.consagous.com/internet-of-things/
https//www.consagous.com/
info_at_consagous.com
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