“Companies across industries are connecting their devices to the internet to improve their services, bolster their productivity and ramp up their revenue. Yet, to truly make the most of this situation, businesses require expert input from people with specialized knowledge of IoT. Cognixia’s Internet of Things (IoT) certification consists of industry standard course, which includes a not only theoretical understanding of the different devices, cloud platforms and gateways but also the hands-on integration of IoT components with Cloud platform.”
The phrase Internet of Things (IoT) is used when everyday objects are connected to the internet to collect and share knowledge without manual assistance. It is a concept that has extended the Internet from most used devices like portable computers and desktops, smartphones and tablets to various variants of devices and everyday things that utilize embedded technology to communicate with the external surroundings, all via the Internet. It is bringing a new era in science and technology, which will soon change the way we live and work. Thus, it is essential for businesses to embrace this fas- evolving technology early in order to take advantages of the anticipated economic benefits and business opportunities.
The bulk of Business Opportunities
IoT will open the door for new business opportunities. Companies can be benefited from new income sources generated by advanced business models and services. IoT driven innovations will bring new solutions, reduce time to market and increase return on investment. IoT has a potential to transform the way businesses and consumers approach the world by extending the scope of IoT beyond connectivity.
Enhanced Asset Utilization
IoT will improve tracking of assets like equipment, machinery, tools, etc. using sensors and connectivity, which helps
organizations benefit from real-time insights. Organizations could more easily track issues in the functionality of assets and run preventive maintenance to improve asset utilization.
We do what we normally do, but IoT will help us to do it better. IoT uses real-time data from sensors to monitor and enhance process efficiency, reduce manual assistance and energy costs. All the data obtained can be utilized to minimize downtime due to maintenance, inventory, as well as time to market.
Improved Safety and Security
Besides improving the efficiency of processes, IoT will bring workplace safety as well as security. IoT integrated solutions with sensors and video cameras help monitor the workplace to ensure equipment safety and protect against physical threats. The IoT connectivity coordinates multiple and remote teams to resolve situations faster.
IoT is not all about speed, safety and security- you will also be able to get more work done in less time. The latest and greatest IoT developments are likely to empower you and your employees to accomplish large-scale tasks faster and with greater precision. You may find a substantial difference in the manpower needed or else you’ll be able to scale-up operations in new markets that allow you to expand footprints of your business.
IoT integrated solutions will help the organization to reduce cost through improved process efficiency, asset utilization and productivity. With improved tracking of assets using IoT driven devices, organizations can benefit from real-time data and therefore can make smarter decisions which ultimately leads to cost savings.
Despite the fact that IoT has a great potential to improve productivity and operational efficiencies, organizations must overcome challenges like data, information and device management issues, security and privacy concerns and lack of skills to manage growing complexity associated with IoT. However, a professional IoT service provider like Cgnixia can overcome these challenges and increase your return on investment.