How your small business can use IoT to improve performance and productivity
According to?Statista, the worldwide installed base of connected devices the Internet of Things (IoT) will double in just five years from 2018 to 2023, ballooning from 23 billion to more than 50 billion.
This means we are all likely to see improved functionality in our daily technology use, but it also means there is no better time for businesses to ride the IoT wave and use it to improve service offerings as well as performance.
Nick Thompson, managing director at?DCSL Software, explores the current abilities of IoT and how businesses can best apply them.
What and Where?
Regardless of your industry, it’s worth considering ways in which you can adopt the innovations of IoT and enhance your offering. Consumers, as well as businesses, are becoming more used to being able to connect one service to another, to have a richer or more profitable end result.
Smart door locks
Smart locks have been around for a while, but they have recently started to become a very popular option for multi-tenant property owners such as Airbnb hosts. Brands like RemoteLock and Latch have grabbed a large chunk of the smart lock market by providing cloud-generated door codes, time-restricted access and keyless entry options.
There are of course many business scenarios where smart locks can help to reduce costs overall.
Any organisation that requires many individual entries and exits will welcome the option to not have to handle keys or access cards, if it means they can still offer the same customer experience and same level of security or higher.
The overheads of producing and managing keys can easily be reduced or eliminated through the use of locks and virtual keys managed in the cloud.
Tracking technology can save money for businesses in various ways, but it is also an area that needs to be managed very closely in terms of what data is being monitored and how it is then used.
The most cost-effective tracking solutions will be the ones that can quickly add value to the business by reducing manual monitoring, whilst also by-passing any issues of sensitive data storage.
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