The Internet of Things: A New Way to Think About Your Business

The Internet of Things is the interconnection between physical devices, vehicles, buildings and other items embedded with electronics, software, sensors and network connectivity that enables these objects to collect and exchange data. The Internet of Things creates potential opportunities for more direct integration of the physical world into computer-based systems, both in business and private life.

Internet of Things

The Internet of Things is the interconnection between physical devices, vehicles, buildings and other items embedded with electronics, software, sensors and network connectivity that enables these objects to collect and exchange data. The Internet of Things creates potential opportunities for more direct integration of the physical world into computer-based systems both in business and private life. See Internet of Things blog.

  • Data from interconnected devices can be analyzed to make better decisions about operations.
  • Company A has been able to increase productivity by 40% through analyzing their employees’ internet connection speeds thanks to a partnership with an IT company.”

The Internet of Things benefits

Standard benefits:

  • The Internet of Things is the interconnection between physical devices, vehicles, buildings and other items embedded with electronics, software, sensors and network connectivity that enables these objects to collect and exchange data. The Internet of Things creates potential opportunities for more direct integration of the physical world into computer-based systems both in business and private life.”
  • Data from interconnected devices can be analyzed to make better decisions about operations.”

Emotional benefits:

  • Increase productivity by 40% through a partnership with IT company and measuring internet speeds of employees

Personal benefits:

  • Gain insight into customer behavior.
  • Draw on the power of big data analytics for marketing campaigns.
  • Learn information about products use in order to improve them or develop new ones.

Disadvantages of The Internet of Things

There are some disadvantages of the Internet of Things that businesses must take into consideration before implementing such a system. For example, because the internet is very large and ungoverned, any device connected to it will be vulnerable to attack. Plus, with so many devices connecting to the web, a massive amount of data may cause problems for networks.

  • The internet is very large and ungoverned, any device connected to it will be vulnerable to attack
  • Plus, when so many objects are connecting through a network there’s a risk for major failures.