Transformative technologies: The Internet of Things (IoT)

You’ve probably heard and read about the concept known as the “Internet of things” (IoT), whether in your boardroom, at the office watercooler, or in a dinner table conversation. It would be unusual if you haven’t, since it is an increasingly hot topic of conversation. But what exactly is the internet of things? How is this technology going to transform our lives? And how can small and medium businesses use it to transform their operations? The salient fact underlying the feasibility of the internet of things is that broadband internet has steadily become cheaper and more available over the past two decades. More and more devices with embedded wi-fi capabilities are being manufactured, smartphones have become ubiquitous and the tech costs have plummeted. So a critical mass is being created in which the IoT, once a pipe dream, have crossed the event horizon into realizability. So… what exactly is the…

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Are you ready for the future?

What service or product do you provide? Education? Food? Hardware? Books? Latte coffee done just right? Personal pampering massages? Well, it doesn’t really matter – one way or another, even if you don’t know it, you are in the technology business – or at least you are if you want to stay in business. Are you a startup? A growing company? A well-established market leader? Again, it doesn’t matter – you still need to keep your eye on the ball and avoid falling behind the competition, and that means being aware and up to date of the current technological trends. If you are taking a “wait and see” attitude, as so many business owners do, then that’s understandable. After all, running a business is a high tension, high uncertainty activity. you don’t want to take too many risks and you don’t have too much time or energy to spare on…

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