By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
SmartData Collective
  • Analytics
    AnalyticsShow More
    data analytics in sports industry
    Here’s How Data Analytics In Sports Is Changing The Game
    6 Min Read
    data analytics on nursing career
    Advances in Data Analytics Are Rapidly Transforming Nursing
    8 Min Read
    data analytics reveals the benefits of MBA
    Data Analytics Technology Proves Benefits of an MBA
    9 Min Read
    data-driven image seo
    Data Analytics Helps Marketers Substantially Boost Image SEO
    8 Min Read
    construction analytics
    5 Benefits of Analytics to Manage Commercial Construction
    5 Min Read
  • Big Data
  • BI
  • Exclusive
  • IT
  • Marketing
  • Software
Search
© 2008-23 SmartData Collective. All Rights Reserved.
Reading: How IoT Impacts Business Strategy
Share
Notification Show More
Latest News
data analytics in sports industry
Here’s How Data Analytics In Sports Is Changing The Game
Big Data
data analytics on nursing career
Advances in Data Analytics Are Rapidly Transforming Nursing
Analytics
data analytics reveals the benefits of MBA
Data Analytics Technology Proves Benefits of an MBA
Analytics
anti-spoofing tips
Anti-Spoofing is Crucial for Data-Driven Businesses
Security
ai in software development
3 AI-Based Strategies to Develop Software in Uncertain Times
Software
Aa
SmartData Collective
Aa
Search
  • About
  • Help
  • Privacy
Follow US
© 2008-23 SmartData Collective. All Rights Reserved.
SmartData Collective > IT > How IoT Impacts Business Strategy
IT

How IoT Impacts Business Strategy

GilAllouche
Last updated: 2014/10/10 at 7:00 AM
GilAllouche
5 Min Read
Image
SHARE

ImageThe Internet of Things (IoT) hasn’t fully arrived yet, but it’s well on its way. Indeed, now more than ever before companies and individuals are connected to the web in a host of different ways. Whether it’s through traditional means, i.e. smartphone, tablet, computer or through non-traditional means, i.e. appliances, cars, homes, etc., there is a strong force behind IoT growth.

ImageThe Internet of Things (IoT) hasn’t fully arrived yet, but it’s well on its way. Indeed, now more than ever before companies and individuals are connected to the web in a host of different ways. Whether it’s through traditional means, i.e. smartphone, tablet, computer or through non-traditional means, i.e. appliances, cars, homes, etc., there is a strong force behind IoT growth.

While IoT is growing significantly, generally there’s also significant resistance to it because of costs, implementation, uncertainty and other factors. Unfortunately, that resistance is ultimately going to be a great hinderance for companies.

If one thing is certain, it’s that IoT is happening and will continue with even greater speed. If companies want to be ahead of the competition, they need to get going with IoT. Especially because of how much IoT and big data technology go hand in hand. “Smart devices” that generate and collect sensor data will contribute significantly to the growing volume of big data. 

More Read

internet of things and business intelligence

How IoT Can Be Connected to Business Intelligence

How IEC 62443 and Other Regulatory Requirements Help Enable IoT Security
The Best IoT Temperature Sensors for Smart Homes
How to Make Sure Your IoT Systems Stay Compliant
What is the IoT and How is it Changing the World?

As more and more companies make the move, business strategy is going to be highly affected, here’s how.

1. Necessity of Big Data

Even today, with the amazing technology and ability provided by big data at more affordable costs, companies resist the move. For one reason or another, they don’t feel they need to implement a big data platform right now. While that’s certainly going to keep their business from reaching its full potential in the long run, currently it’s a viable option.

However, as IoT becomes more and more integrated into businesses, there’s no way they’ll be able to keep away from big data. Why? There will be too much data. The speed with which data is being created today is amazing, and it keeps rising. Companies won’t be able to operate and handle data without using big data. Why not implement it now and be ahead of the curve instead of waiting and falling behind?

2. Security

Cyber security is absolutely essential with IoT. With nearly everything online, there is a certain vulnerability that comes with it that must be protected against. As IoT becomes more and more integrated, cyber security is going to receive more attention and be better implemented. Currently, there is too little emphasis on cyber security. That much is obvious with all the different security breaches we’ve seen recently. As IoT continues however, companies will realize (hopefully) that if they want to stay in business, keeping data safe should be a top priority.

3. Cloud Computing

As the IoT goes, so too does cloud computing. More growth from IoT is going to lead to more growth in cloud computing — both on the business level and the big data level. With so much information, it’s going to be easier than ever for companies to go the way of the cloud. It simplifies the process and enhances portability and flexibility. It also means we’ll see a rise in cloud providers, cloud services and a decrease in cloud prices.

4. Communication

Communication is key to any successful enterprise. With all the tools provided with IoT, it’s easier to communicate  and companies are going to find unique and innovative ways to take these levels of communication to the next level. At the same time that communication is increasing and improving so too should collaboration. With tools that allow team members to reach each other whenever they need, businesses should be able to get things done quicker and more efficiently than ever.

Business strategy is constantly evolving and changing and with the increase in IoT, those changes are going to be more evident than ever and are going to have a far-reaching effect.

By embracing rather than discouraging IoT, companies can begin today to make the best of what the internet offers and get an important step ahead of the competition.

Image Source: Pixabay

 

TAGGED: internet of things, IoT
GilAllouche October 10, 2014
Share this Article
Facebook Twitter Pinterest LinkedIn
Share

Follow us on Facebook

Latest News

data analytics in sports industry
Here’s How Data Analytics In Sports Is Changing The Game
Big Data
data analytics on nursing career
Advances in Data Analytics Are Rapidly Transforming Nursing
Analytics
data analytics reveals the benefits of MBA
Data Analytics Technology Proves Benefits of an MBA
Analytics
anti-spoofing tips
Anti-Spoofing is Crucial for Data-Driven Businesses
Security

Stay Connected

1.2k Followers Like
33.7k Followers Follow
222 Followers Pin

You Might also Like

internet of things and business intelligence
Internet of Things

How IoT Can Be Connected to Business Intelligence

6 Min Read
IoT for security
Internet of Things

How IEC 62443 and Other Regulatory Requirements Help Enable IoT Security

9 Min Read
iot temperature sensors can be monitored remotely
Internet of Things

The Best IoT Temperature Sensors for Smart Homes

8 Min Read
Internet of Things systems
Internet of Things

How to Make Sure Your IoT Systems Stay Compliant

8 Min Read

SmartData Collective is one of the largest & trusted community covering technical content about Big Data, BI, Cloud, Analytics, Artificial Intelligence, IoT & more.

data-driven web design
5 Great Tips for Using Data Analytics for Website UX
Big Data
AI chatbots
AI Chatbots Can Help Retailers Convert Live Broadcast Viewers into Sales!
Chatbots

Quick Link

  • About
  • Contact
  • Privacy
Follow US

© 2008-23 SmartData Collective. All Rights Reserved.

Removed from reading list

Undo
Go to mobile version
Welcome Back!

Sign in to your account

Lost your password?