The Internet of Things and Business

In this article, we are going to talk about IoT. But before we proceed with that, we must first know what Lumada is. According to Hitachi Vantara Corporation, Lumada is a flexible, composable software platform that manages the complete IoT life cycle of your business’ assets–both people and machines. Now that Internet of things or the Iot is mentioned, let us now define it. Forbes simply defined it is the concept of basically connecting any device with an on and off switch to the Internet.

If you want to start on adopting IoT for your business or home, now is the time to do it. Being created by Hitachi itself, support for Lumada will be effective. It is time to take up smart solutions and empower your business or home now. Check out Hitachi ICT Lumada Singapore at their website above.

Now the next thing we are going to discuss is how the Internet of Things could work for you. Let us first read Lisa Chau and Daniel Pickett III’s article below.

Can the Internet of Things Work for You?

MORE THAN 900 “Internet of Things”-specific vendors showcased new products and services at this year’s Consumer Electronics show. When the idea of an Internet of Things first emerged, connected services and products were fairly limited to targeting consumers through devices such as cars, coffee makers and thermostats. Now, the idea of Web-connected objects is penetrating deeper into every aspect of business and economy.

In fact, the information technology research firm Gartner has predicted that by 2020, the Internet of Things will expand to reach 26 billion different connected devices (which excludes personal computers, tablets and smartphones). For enterprises, this will manifest itself in the likes of digital assets such as video and messaging platforms, process automation and data analytics and mining.

Despite all of these new uses and needs for more sensors and connected devices, enterprises are still struggling with what the Internet of Things can actually do for their bottom line. In fact, many companies implementing Internet of Things-related plans may be doing so because they feel like they have to keep up with the latest trends and technologies, not because they have a clear direction of how it will help their business. Enterprises know they should do something, but not where or how to start. Read more here.

According to the article, the Internet of Things can bring major business benefits like boosted productivity and competitive advantage just as long as it is implemented correctly. They have also provided some pain points experienced when implementing, but they have also given possible ways to address them.

Now, Vmoksha will give us six ways businesses can take advantage of the Internet of Things.

6 Ways Businesses Can Take Advantage of IoT

It’s fascinating to watch billions of devices talk to each other every day. However, this amplification in connectivity brings innovation in the way we relate and use these devices. In this evolving IoT marketplace, the services related to those connected things help reap more value for businesses. Hence, IT industry pioneers are executing new ideas of connecting things and people to deliver new services to the market.

Vmoksha is one of those leading pioneers, who help clients with innovative business models integrating IoT technology. We deliver end-to-end solutions in IoT from all primary mobile platforms to Apple Watch. Our wealth of service opportunities provides you with the agility needed for the success of your business in the networked society.

Let us see how businesses can take advantage of the internet of things. Read more here.

Among the six ways businesses can take advantage of IoT, one is for increased productivity. Productivity is really important in the effectiveness of a business and the IoT can help you with that because they offer just-in-time training for employees, improve labor efficiency, and reduce mismatch of skills while increasing organizational productivity.

Next up, Bernard Marr will now give us five essential ways every company should use the Internet on Things.

Internet Of Things (IoT): 5 Essential Ways Every Company Should Use It

The Internet of Things (IoT) means everyday objects are now creating data and connecting to the internet. The result is more data – a lot more data. Data we can use in ways we could not have imagined even 10 years ago. Watches now monitor our sleep and keep track of our activities, TVs understand what we say, golf clubs tell us how to improve our swing, and cars, planes or ships make autonomous journeys.

Today, we have about 15 billion IoT devices. By 2020, it is predicted that the number will grow to between 50 and 70 billion devices connected to the internet. This means the possibilities of how to use these devices and the data they generate are endless. And herein lies the problem: it is far too easy for companies to get overwhelmed and lost by all this. Read more here.

As what we can read in the article above, the five key uses of IoT in business are to improve decision-making, understand customers, deliver new customer value propositions, improve and optimize operations, and generate an income and improve the value of the business. So now we know that the Internet of Things could be helpful in improving and generating businesses.

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