Transformative technologies: The quick and dirty guide to immediate applications of the Internet of Things (IoT) in your business: Smart Locks

In our previous article we focused on how the emergence of the IoT seems set to transform our individual lives. The examples we provided can be adapted by individuals to become more productive, and they offer examples for manufacturers of product design that foresees future developments. But how about some immediate applications that any business can adopt to streamline its operations? Especially small and medium size businesses (SMBs)? The good news is that the commercial benefits from the IoT are just as accessible to SMBs as they are to monolithic established enterprises.  Gartner’s 2017 IoT Survey suggested that implementing IoT technology within businesses can optimize such internal operation aspects as worker productivity, tracking and control, and business procedures. IoT can in addition enable businesses to add new revenue streams, offer post-sale value added services, and personally customize marketing and sales. Sound like something your business can benefit from? Still sound a…

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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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