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Work smart, not hard: Tapping into the IoT

With the IoT growing at an exponential rate, businesses are taking advantage of what it has to offer and looking to use its power to further boost business objectives. However being connected isn’t the biggest challenge; Mikael Schachne, VP Mobility Solutions at BICS believes that instead it is harnessing what the IoT really has to offer – data by the tonne.

The IoT is a rapidly growing, fully engulfing technology and will eventually touch every industry and every object in its ever-connected path. From turning legacy devices into smart objects, to opening up new insight-based revenue streams for businesses, the IoT has the potential to revolutionise every enterprise in every sector. Consumers too are wising up to the IoT; investing in the technology, driving connected device sales and embracing a culture of data sharing through wearables like FitBit.

Although the ‘Internet of Things’ is comprised of devices; it could be more accurately described as untapped resources. Not unlike Cerf’s internet, the IoT does encompass interconnected networks through which information can be exchanged and accessed. And sure, the hardware which makes it up does play a key role in the development of this phenomenon. However, the terminology does not do justice to the new experiences, customer service, societal benefits and unfathomable as yet untouched intellect of the ecosystem. The proliferation of ‘smart’ objects we’ve seen in recent years has been given that title based only on their technological capabilities. However it should be because of the intelligence and insight which can be mined from them and turned into something profitable. Read more…