A new intercom of technology is internet of things and considered to be part of the next industrial resolution. It establishes a connection between computers and people in order to include digital components. Measurement and reporting of data is achieved by internet of things solutions. A connected thermostat would be an ideal example in this regard.

The threats

The first major threat would be of privacy and security. If you have paid a lot of attention to technology then you would have come across many scary things. The stolen identities or hacking of companies. The series of events would trigger anxiety. Digital connected devices do pose to have their own security risks.

Data complexity is the second major issue. The IOT goes on to generate endless data. But how can a business measure its value. They clearly observe the patterns and trends.

IT buy in along with business is the third concern. To pursue stack holders in IOT possess to be a major challenge. A lot of other factors take a toll on the progress. The purchase of single equipment can even stand in the way of a stakeholder not willing to purchase them.

The benefits

Safety and efficiency is the first point as you need to measure hazardous environment without juggling too many things. This has to be achieved without putting the life of people at risk. Once you are able to cut down on energy costs this would lead to higher levels of productivity. This is going to decrease employee satisfaction or retention in the process leading to higher profit margins for IOT companies.

Secondly it leads to better decision making. From large chunks of data if you are able to analyse empirical data you can make better decisions. Work on testing cycles as this would optimize the costs in order to provide better results. Once visibility is provided on to smart behaviours it can contribute to smart inputs. This is going to help your business never as before.

Thirdly it would lead to better revenue generation. All the above discussed impacts would lead to better revenue generation. Not only efficiency is improved but in a matter of few days you might be able to take stock of new business functions. All these benefits are going to accrue to the business in the days to come.

The key to start off with internet of things

To be clearly informed about the benefits along with risks is the best way to take stock of thing before you make an entry on to this arena. The organization needs to take advantage of IOT and at the same time cut down on unnecessary risks.

The best way would be to start in a small manner. This is going to lead on to a situation to buy in and succeed. A natural course of action would be to ensure that your work place seems to be a smart one. Then it comes to the assembling the right team.