Browsing: IoT

The urgent need for data for enterprises that are reshaping their platforms for the digital age has spurred a proliferation of IoT implementations across multiple industries, including industrial manufacturing, agriculture and retail.

The Internet of Things has had and will continue to have a significant impact on the business model. Enterprises need to plan and change their business methods to integrate these changes. By understanding how the Internet of Things will affect your business, you will maximize its functionality to achieve higher business goals and profits.

Edge computing is a distributed open architecture that decentralizes the processing load. Instead of transmitting all the data collected at the edge of the network, devices process the data locally or closer to the data source, which helps to avoid serious latency problems.

From personalized customer service and stay comfort to improved facility management, leveraging the Internet of Things in the hospitality industry can provide the customer satisfaction needed to stay competitive while helping hotels, restaurants and conference centers reduce costs.

Although there are many ways for companies to create value through Internet products, we find that there are six main ways for companies to make money from Internet of Things products.

Open data is one of the keys to successful smart city implementation. It can help identify and solve citizens' problems, ensure accountability of municipal officials and create new business opportunities.