The Internet of Things: How Organizations are Using it for Good

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The Internet of Things How Organizations are
Using it for Good
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• 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.

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Following are The Key Uses of The IoT in Business

1. Improve Decision-making.
2. Better Understand Customers.
3. Deliver New Customer Value Propositions.
4. Improve Optimize Operations.

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Improve 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.

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Better 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.

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Deliver 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.
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Improve 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.
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Are 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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