In recent years, IoT has gained significant traction and is being described as the next technological revolution. Unsurprisingly, it has found many applications in the domestic arena and is set to become a dominant feature in the commercial and enterprise space. Studies predict that the worldwide demand for IoT enabled devices will double that of smartphones, tablets, wearables, PC’s, etc. before the end of 2019.
This will result in the generation of revenue valued at over $1.8 trillion. To take advantage of this enormous market and revenue growth, many organizations have begun looking for ways to tap into this technology. These enterprises are developing methods and approaches of using IoT technology to differentiate their products and services from others and gain competitive advantage.
They use IoT technology to break into new markets, improve their profit margins and find additional sources of revenue. The following are some of the benefits of Enterprise IOT in Michigan.
Monitoring of Assets
Business enterprises and corporate organizations can increase operational efficiency and effectiveness by using enterprise IoT to monitor their assets in real time. Manufacturing firms can use this technology to track and monitor the shipment of their goods from one point to another. For instance, IoT enabled devices can be used to monitor temperature changes within containers that ship temperature sensitive products. This can be done by making use of battery-powered sensors with 4G LTE capability for connection to the internet.
Collection of Customer-driven Data
Enterprise IOT can help business concerns collect data from consumers of their product. They collect data about individual’s product preferences, the frequency of purchase, type of shops and malls visited, etc. This data helps them to understand the purchasing behavior of individuals and assists them in the development of products and services that better serve end users.
Improved Safety
Enterprise IoT also has a lot of applications in the prevention of accidents and environmental hazards. Train and automobile companies can install IoT enabled devices in vehicles to help in the prediction and prevention of accidents. These devices can also be installed in hazardous areas to alert nearby individuals to potentially dangerous situations.
Business concerns and corporate organizations who want to benefit from the many applications of Enterprise IOT in Michigan should schedule an appointment. To Read more about us and make inquiries about services, visit the website.
