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Five Ways IoT is Driving Digital Transformation

Five Ways IoT is Driving Digital Transformation | #DigitalTransformation #IoT #RT

  • The success of IoT, or the Internet of Things, began with personal devices.
  • Smart devices—not just telephones—make businesses more adaptable and create an easier transition for businesses already embracing the digital revolution.
  • Consider these five ways the IoT is driving digital transformation:

    Consider how products like wearable health trackers could transform company culture and increase engagement.

  • Experts anticipate 20.8 billion IoT devices by this time, which will impact every aspect of our lives, including both personal and business pursuits.
  • For businesses that have been on the fence about fully embracing the digital transformation, see how you can start with the devices employees already have in their pockets.

IoT is at the heart of digital transformation. Here are five ways IoT is driving digital transformation.

@Ronald_vanLoon: Five Ways IoT is Driving Digital Transformation | #DigitalTransformation #IoT #RT

The success of IoT, or the Internet of Things, began with personal devices. But to pigeonhole phones, tablets, and watches is to lose out on the power they can bring to your business. As your company’s digital landscape expands, consider how much IoT matters—and what it can bring to the table.

In June, I wrote about how we should think beyond smart phones regarding the IoT. Smart devices—not just telephones—make businesses more adaptable and create an easier transition for businesses already embracing the digital revolution.

Internet of Things was coined to describe the evolution of electronics that send and receive data amongst devices. That seems pretty broad, but IoT is special because it doesn’t require any human-to-computer action in order to function. The device gathers its information independently and from there can cause another linked device to take action. A smart watch, for example, could remotely start your coffee pot in the morning when it detects your movement and change in heart rate.

A smart watch can start your coffee pot, but what can it do for your business? A lot, it seems. Consider these five ways the IoT is driving digital transformation:

IoT gathers massive amount of data. This data is being used to shape business strategies across all industries. Using reporting tools, these gadgets build patterns and statistics for just about everything. Some of this information is unlike anything we’ve seen before, and it gives entirely new insight into customers’ habits and buying patterns. For example, a retailer can track a customer’s path and time spent in sections of a store using a smart device. The device can then provide the data for reports to help fine-tune product placement. If the information shows people skip over products on the ends of aisles, then companies can get a better idea of how to arrange their goods. And that’s just one of infinite potential uses.

Consider how products like wearable health trackers could transform company culture and increase engagement. A healthier employee, such as one who tracks exercise routines with wearable tech, will be less likely to take days off and will accrue fewer health care costs—making whatever incentive you give for such a program well worth it.

In 2016, it’s estimated there will be 6.4 billion IoT devices in use across the world. That’s an impressive number and nearly matches the population of the world (around seven billion). What’s even more astounding and exciting, however, is the prediction for 2020. Experts anticipate 20.8 billion IoT devices by this time, which will impact every aspect of our lives, including both personal and business pursuits.

For businesses that have been on the fence about fully embracing the digital transformation, see how you can start with the devices employees already have in their pockets. Start there, and expect your business to thrive due to its embrace of the digital transformation.

Five Ways IoT is Driving Digital Transformation

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