How The Internet Of Things Is Saving South African Businesses Billions Each Year
Data is the new gold and, whether you like it or not, we are entering a future where everything is being tracked. The smartwatch on your wrist is collecting data from your footsteps, heart rate and activity levels while the smartphone in your pocket knows where you are, who you’re talking to and what you’ve been searching online (even in your private browser). At the end of the day this data will ultimately benefit you or an organization trying to sell something to you.
Businesses are becoming more and more reliant on data with every day that passes. This is nothing new and is actually becoming a key success factor in businesses at the forefront of their industry. A great example of a connected, digital business tool is the Internet-of-Things, or IoT as it’s better known. IoT enables a business to have full visibility of each step in its processes.
Most businesses can be seen as systems with critical steps that need to be followed. A good example of this is a manufacturing business that needs to order raw materials, build its products and ship them out to its customers. If one of the machines has a malfunction, the entire production facility needs to be halted until a repair is made. If this business had IoT integrated into its operations, the supervisors would have known exactly which part would fail in advance, with enough time to get a replacement part and ensure smooth operations.
Another benefit of IoT is the efficiency-gains that a business can realise. IoT devices create data and reveal what is really happening in a business, not what is assumed or what is believed to be happening. This enables decision-makers to act swiftly and with more confidence in their decisions resulting in business growth and success.
If you’re interested in learning more about the world of IoT and how its saving South African businesses millions-of-rands every year then visit www.ItakaneHealth.com