The growing and widespread use of the Internet of Things (IoT) and Big Data applications has led to the generation of large amounts of data that needs to be appropriately stored and analyzed. Do you know how much businesses can save with IoT and big data technologies?
Ever since the outbreak of the Internet rocked the world, enterprises have been looking forward to integrating their businesses into online platforms to serve their audience in a new IT-oriented way leading to the creation of the term “digital transformation”.
In this aspect, digital transformation proves to be a reform wherein companies are shifting towards new innovative methods to solve complex problems and manage operations. And, the global outbreak of the Covid-19 pandemic has made digital transformation essential for enterprises to accelerate existing operations. Various advanced technologies in digital transformation include digital innovations such as advanced analytics, intelligent automation, artificial intelligence, and blockchain; digital transformation has grown to become a sum-total of all these new technologies.
However, these technologies are not enough to reform any business without the glue needed to hold them together. This is where the Internet of Things and Big Data have proven to be the two main innovative technologies for the future of businesses.
Before diving into the causes why your business needs IoT and Big data development, here’s an overview of what they really do.
IoT refers to the devices that are connected to the internet for communication purposes. For the connection of these devices, remote access is needed through a controller device.
That is what IoT is all about!!! Inter-linking of every operation, each hardware together with these sensors including tracking and handling everything as per requirements.
It allows the processing and accessing of gigantic databases in real-time while making informed decisions for marketing strategies. It has three main features:
Big Data ensures responsiveness of the data collected, increases productivity and builds customer behaviour while offering personalized advertisements to businesses.
According to the McKinsey report, IoT technology could provide an economic impact of $3.9 to $11.1 billion by 2025. No doubt these advanced technologies are going to bring some big changes. But how these changes will impact the industry…
To find it out, we first need to know the benefits that both IoT and Big data together can bring to any business.
The Internet of Things (IoT) and big data are capable of revolutionizing enterprises by providing new opportunities, applications, and services in all sectors. So, are you as a businessperson, ready to harness the potential of IoT and Big data in bringing digital transformation to your company services?
Get the support of our solutions including IoT device management which comes as the solution in providing critical monitoring and management tools while keeping devices up-to-date and optimized for specific application needs.
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