Internet of Things (IoT) is a term we hear every day and one that conjures different visions and definitions based on the person’s role, industry, and technology awareness. When I have asked what does IoT mean to different people, the responses I get a range from smartphones to smart buildings. While each of these is right, the expanding universe of IoT is much greater and growing each day.
Utility companies are now using smart meters for gas, electricity, and water usage. The transportation industry has enabled systems to monitor cars, trucks, trains and planes for malfunctions, tracking regular services data, and notifying designated centers of the need. Mobile device carriers can provide plug-in devices that track your driving habits, monitor your vehicle, and provide you with direct feedback to you as you drive. Beyond these, there are medical devices, home appliances, and many other IoT devices that connect to the Internet and provide data back to consumers and manufacturers for various reasons.
In My View
Expansion of IoT is inevitable and the variety of devices, and potential devices, is endless. IoT is limited only by a lack of imagination regarding what the device becomes. In business, it is essential to recognize and embrace the fact that it is here, growing, and will impact your business. What you need to do is understand current IoT capabilities and how it can be applied to your business. From a process perspective, you may look at your current ways-of-working, identify opportunities to improve, and implement an IoT strategy to enhance those processes.
For many businesses, IoT may seem a distant dream. Business leaders who are forward thinking should be and are looking at IoT now, determining how it can be incorporated into their information ecosystems, and how what they do have can be grown to further enhance business operations.
Bob Larrivee is President and Founder of Bob Larrivee Consultancy, a recognized expert in the application of advanced technologies and process improvement, and Journalist on Information Technology for Document Strategy. In his career, Bob has led many projects and authored hundreds of eBooks, Industry Reports, Blogs, Articles, and Infographics. In addition, he has served as host and guest Subject Matter Expert on a wide variety of Webinars, Podcasts, Virtual Events, and lectured at in-person seminars and conferences around the globe.