Updated on June 25th, 2018
Have you heard about the Internet of Things? It’s been going on for quite some time now, drawing a ton of attention from many users and experts. The term is becoming popular with everyone speculating on what it will do and what it can be.
While there are wearable’s and Smart Home products that capture everyone’s attention, those who are serious and track the industries wonder about its business viability.
Besides the entertainment value and conveniences of it, you might ask yourself as well: What good use will the products offer in the long run? Is the Internet of Things a fad or a revolution to look into for both business and pleasure?
Read on to delve deeper into the Internet of Things and see if it’s the next big thing for the long-term!
What Is the Internet of Things?
Before we delve into the Internet of Things, some of you may be wondering: What is this anyway?
The Internet of Things is a system of computing devices. It connects people and gadgets without the need for human-to-computer or human-to-human interaction. Basically, you are able to transfer or receive data through networks automatically and connect you anytime, anywhere.
It’s made up of various devices, from the simplest of sensors down to your wearable’s and smart appliances. When these devices connect with systems and networks, they will be able to gather information to analyze and create actions from it. This will then help a person create a task or entertain, depending on the product and its features.
A good example of devices that use the Internet of Things would be having your toaster prepare your toast just the way you like it at a particular time in the morning to lessen the time it takes to have breakfast. Or, it can be something as big as a self-driving car that knows your usual route thanks to your smartphone.
It can be your smartphone, your wearable’s, your appliances, your Wi-Fi router, or even your car!
Is The Internet of Things a Fad or Revolution?
Because of this, there are quite a few people that debate over its existence. Is it just a simple fad or something industries should be interested in investing for their future?
When you look beyond the hype of the connected things and devices, you’ll find a lot of genuine substance and use of it, which can end up supporting your business.
Right now, the Internet of Things enables new business services and models from various industries. You have jet engines that connect to systems to ensure travelers get to the destination safety, or even wireless soil monitors for better natural resource management!
You see, it isn’t just about entertainment value and slight conveniences from your smart watch. It’s the reason why connecting physical and digital worlds isn’t just something fleeting. It’s a revolution which creates new experiences and changing businesses.
When you see it at its core, the Internet of Things is all about connecting people, companies, and technology in real time, anytime and anywhere. This redefined ways a company operates, interacts with customers, and how they gain profit.
However, while the financial advantages of the IoT are vast, many downplay its effect on society. Skeptics would usually focus on limited sets of consumer devices, which they describe as something that isn’t needed, but rather, a small convenience, for the consumer.
Sure, you can fight that expensive smart thermometers are useless. But look at the bigger picture: With the benefits of IoT being vast for industries like healthcare and insurance, it can actually save lives.
Another thing that will make IoT the next big thing is: Bluetooth. Bluetooth and Wi-Fi are going to begin becoming even faster and with longer range to accommodate the connected devices.
That way, you’ll be able to connect to all networks efficiently. This isn’t just great for your personal devices but you’ll also be able to connect your whole office and business through IoT!
In the end, it isn’t just about the small conveniences. We look at the bigger picture and see it from the industry’s perspective.
Wrapping It Up
With the IoT and its technology advancing quickly, you can see that it’s a new era. It isn’t just a huge change for insurances and novelty items but a ton of industries will begin capitalizing IoT for better agility and better profits! This will then help companies offer high-value experiences, new services, and improve existing ones while enhancing customer satisfaction.
Hopefully, this article on IoT informed you on its importance and how it begins to boom today. So don’t wait any longer and begin studying more about it from companies like EMPR Australia to see how you can integrate it to your business today!
If you have any questions or want to share your thoughts on IoT, then comment below. Your opinions are much appreciated.