In today’s era of technological advancements, IoT (Internet of Things) has emerged as one of the most significant tech additions. After years of hype, anticipation, and steady uptake, IoT has entered the mainstream of commercial use, with business use of IoT technology climbing from 13% in 2014 to approximately 38% in 2022. It is anticipated that by the end of 2023, there will be around 43 billion IoT-connected devices worldwide.

The use of IoT in business can direct systems to carry out supply chain transactions autonomously, smart warehouse management for instance. With access to enormous data sets and autonomous data gathering and exchange, it becomes easier to gain insights related to consumer behavior and product performance. The expanding use of IoT is the reason why there is a huge demand for topnotch IoT consulting solutions provider.

Opportunities Galore in the world of IoT

Healthcare IoT

The opportunities for businesses are virtually limitless when IoT is paired with emerging technologies like 5G and AI (Artificial Intelligence). IoT technology can help to track the status of patient’s health for improved patient care. Healthcare personnel can remotely gather data from connected medical devices and equipment for effective and timely diagnosis and treatment.

Read also: AIoT: When AI Meets IoT

Big Data and IoT

IoT consulting solutions can help businesses leverage the full potential of IoT by understanding Big Data, engaging every client or customer, facilitating remote workforce, and expanding their presence among both customers and staff. Through data science solutions that help to analyze big data, IoT can offer insights into crucial market trends and product performance, which can guide both short- and long-term business strategies. IoT can give you information about every single client or customer, enabling you to provide personalized service with the help of intelligent data analytics to better comprehend each stage of your consumers’ purchasing cycles, from research to purchase to use. With IoT, your remote employees can connect to files and inventories more efficiently, which will increase productivity and expand the range of jobs that can be completed remotely.

Reduced Costs: The benefits of IoT consulting solutions for businesses include achieving customer centricity, gathering rich data, enhanced security measures, reduced operational costs and improved efficiency, increased safety in the workplace, access to business intelligence, improved customer service and retention, better business opportunities, better use of resources and assets, and more.

Takeaway

As IoT and its commercial applications continue to grow, businesses need a trusted IoT solutions company with proven IoT expertise and skillsets that can help them leverage the most out of their IoT investments. Futurism Technologies is one such IoT solutions company that brings in best-of-breed IoT expertise and resources to unlock the true potential of the Internet of Things for a vast number of industries. With our IoT consulting solutions and services for healthcare, manufacturing, maritime, logistics, supply chain, and many other, we design and develop IoT solutions and applications designed to meet and address your specific business needs and challenges.

In conclusion, a trusted IoT solutions company can help businesses achieve unparalleled growth by leveraging the full potential of IoT, which has become an essential catalyst driving the Industry 4.0 revolution.

The Future Is Now, The Future Is Digital!

Get in touch with our IoT expert to learn more.