In today’s scenario, enterprises are driven by advances in technology and mobility. Several industries such as manufacturing, healthcare, retail, logistics and more are using emerging technologies and enterprise consulting services to gain competitive advantage. Technology is gaining a role in strategic thinking as every business tries to go that extra mile in creating innovative product to get ahead.
IoT is redefining the way we live and emerging as a concept that will transform the way we live, as well as the way we work.
Internet of Things (IoT) Solutions are helping enterprise businesses scale new level of growth.
Role of IoT in Enterprise App
IoT in the enterprise is revolutionizing several important elements of manufacturing, distribution, automation, monitoring, process control and many other things. It is forming a strong and cohesive ecosystem of connected devices making it possible to move to new level of customer experience and bringing relevant experiences and information to consumers.
Enterprises are adopting IoT to find out that significant obstacles exist in the adoption of security, ease of integration with existing information technology, operational technology systems and uncertain returns on investment. The Enterprise of Things involves the concept that enterprises’ IT infrastructure transcends beyond data centers and involves myriad of connected devices.
Key Focus Areas of Enterprise Apps
Several large organizations capitalize on Enterprise Mobile Application development to drive numerous of advanced services with profound solutions:
Productivity: Improving productivity with the help of enterprise mobility solution to focus on improving the work flow system or managing time and employee attendance process.
Customer Satisfaction: Increasing customer satisfaction level via CRM mobile applications to improve the working process.
Supply Chain Management: Enterprise mobile app to effectively manage partners and supply chain process.
Business Intelligence: Advance reports and key metric systems to closely monitor your business performance with the help of enterprise applications.
The combined markets of the Internet of Things (IoT) will grow to about $520B in 2021, more than double the $235B spent in 2017.
- 60% of enterprises are, with the help of their IoT initiatives, expanding or transforming with new lines of business, while 36% are considering potential new business directions.
- Global IoT market is growing at a 23% CAGR of 23% between 2014-2019, enabling smart solutions in major industries including agriculture, automotive and infrastructure.
Business Case for Enterprise of Things: Experiment & Innovate
Enterprise IoT is at a nascent stage. It is important to understand how IoT can empower transformation in business and industry. In order to determine the level of benefit, begin with experimenting with small scale project to actually decipher the benefits of Enterprise of Things. According to Gartner’s survey, manufacturing and retail are two sectors with particularly high expectations of the IoT. Other verticals at the forefront of Enterprise of Things innovation include industrial sectors, healthcare and consumers and more.
The perfect amalgamation of IT and OT is at the crux of the Enterprise of Things – helping an organization to streamline operations and efficiently implement business processes at the device level and different control hubs.
Advantages of Enterprise of Things
Taking Communication to New Level
Machine-to-machine communication is helping connect various devices at remote location and the forms the very basis of existence of IoT. Organizations are streamlining operations, enhancing production levels and taking efficiency to new level by connecting devices at remote locations. When it comes to manufacturing, equipment in different production units can be connected through cloud-based IoT platform.
Connected devices are capable of streaming information to the cloud creating a centralized repository which can continuously monitor the device state and inform key stakeholders about data. When a device loses connectivity or experiences unusual pattern, it can be isolated for investigation and diagnosis. Even if the devices do not support remote control, monitoring the state proves to be valuable for enterprises.
Enterprise of Things will increase the implementation of big data solutions to gain advantage of voluminous real-time data available. Enterprises have several connected/deployed EoT devices with embedded sensors focused on providing strategic information.
IoT in the enterprise is revolutionizing many important functions–from security manufacturing, distribution monitoring, process automation and much more. IoT provides all the capabilities right from design, implementation, deployment to integration with IT functions.