The IoT or Internet of Things is basically a complex system that utilizes the internet to connect many items together. Its history goes back as far as 1959 with MOSFET or a special transistor which became a basic building block of all modern electronics. Then in 1982, a soft drink vending machine was connected to the internet. As people realized the benefits of a connected network, the IoT became commonly used around 2008.
The internet of things may include connecting small business computers, tablets, cell phones, and other devices to transfer, utilize, and store data in the cloud. There are many ways that a small business can utilize IoT to help save on costs and improve efficiency.
The IoT can help to serve your business with payroll, scheduling of staff and appointments, reordering office supplies and even with inventory control. This can be done through online virtual assistants, such as Siri or Google Assistant. It can help to save time by helping you to look up items much faster.
The IoT can also allow you to customize your network to your own business, rather than buying a software package that’s preset to work for everyone. Instead, you can tailor your network to suit your small business needs and not have to worry about over-implementing on functionality that you don’t need or aren’t ready for yet.
The internet of things can also assist in tracking time, collaboration between team members and clients, and even productivity. You can use this data to help improve your work flow. This gives you valuable information on how much time is being spent on projects and how productivity can be increased. It can even track remote staff when a manager isn’t on site to see how they’re doing.
The IoT can also help to create more opportunities for your business. It can open up new revenue streams and give you ideas on how to provide more services to your clients. It can help to reduce time spent doing certain tasks so you can leverage bigger opportunities.
Instead of buying software, then paying for yearly upgrades, you’ll have access to the latest and most recent updates through the cloud. Costs are kept down as they’re part of your monthly or annual subscription.
In the past, small business owners were hesitant in trusting the IoT. But now many challenges have been solved. Privacy and security are of utmost importance due to stringent government laws, while data and information can be more effectively managed and stored, no matter what size.
The Internet of Things can be used for all types of small businesses, from retail, consumer, industrial, commercial, and more.
The IoT may mean different things to different small businesses, but its complex network can bring every aspect of small business technology together, to help you better run your business. When you no longer have to worry about obsolescence or maintenance, you can truly focus on the more important aspects of your small business.