People often mistake Internet of Things (IoT) as the futuristic trend. But that’s not entirely true. The IoT is the first and the most crucial step towards becoming a ‘digital’ business. It all begins with a few mandatory requirements like the business assets, the intelligence tools, the cloud services you provide and the data you produce. That in a nutshell is Internet of Things, you no longer have the need to settle for anything. For your business to thrive, you need a strong IoT strategy in place.
So, let’s address the most important question, why do you need IoT? Here are top 10 reasons why you should prefer the IoT way.
Begin with what you have
Don’t be overwhelmed by IoT. Instead of thinking about the endless possibilities that IoT brings, start with thinking about it as Internet of Your Things. Begin with the area of your business that brings you the maximum and quick returns. For instance, think about delivering a product with predictive maintenance and zero to none downtime. This is how IoT can begin to help you with.
Use the existing assets
Sort out the IT assets that you have and start building upon them. To make the entire package work, add a few new assets. Regardless of what the operating system or device type is, you can easily connect them to the cloud and Azure IoT Suite, where they can communicate with the employees, to each other, and to the customers. Take help of the business intelligence tool to utilize the data you already have and get helpful insights of what your employees and customers want.
Make tiny changes
IoT begins with identifying and understanding any one process, location, or product line that is the most important and making tiny changes that would have greater impact. Get performance monitoring systems or robots on the floor to improve the uptime. Add expiry dates on the data set for the inventory management systems in pharmaceuticals. IoT gives you the ability to offer real-time service to your customers. The pre-defined solutions on the Azure IoT Suite, helps you accelerate the completion of your projects giving you the much needed edge.
Easily connect Azure IoT Suite for monitoring the health of your assets, while simultaneously tracking their performance and condition over time. With the alerts and rules in place, they constantly keep reminding your team and business of the action that needs to be taken, so that you have better efficiency and business processes.
Know the health
Get Azure IoT Suite connected with the business assets for better visibility of their status, actions to be taken, and to trigger automatic alerts for avoiding any kind of system issues during peak times.
Maintain the assets
If you notice any emerging trends, take action immediately, get your processes streamlined and get rid of expensive downtimes when connecting to existing services and devices. Use the asset data for identifying the upcoming requirements for maintenance and creating new business opportunities.
Now, you no longer have to spend time in wondering, but rather spend time in taking the necessary action. Working with IoT, makes it easier to respond and to stay ahead in competition, changes in supply chain, shifting the market conditions, and fulfilling the customer demands. Once you collect the data, you have better insights on the upcoming trends, updating the production activity, and fine-tune your maintenance schedule.
It’s time to redefine
IoT brings newer opportunities, new customers, new technologies, and new data streams. Your employees would experience working with technology like never before. Compare results in different locations for identifying what service is performing well where, and then start scaling them nationwide. Instantly capitalize on data points and take the required action.
With the world making breakthroughs in machine learning and advanced analytics, your employees get insights that they never had before. Your organization can benefit from better decision-making, ability to understand newer revenue streams and business models, being more innovative, all thanks to the untapped data that they now have access to.
Choose the partner
Finding a good IoT partner is one of the most important steps in the journey of IoT implementation. With the variety of options available in the market, we stumbled upon—the most known and trusted one of the lot—Microsoft. The Azure IoT Suite, gives you access to raw data and things that will provide you with actionable insights.
Microsoft and their partners not only help you with data with today, but also with upcoming data. So, now you don’t have to run your business in circles, but start making it thrive. If you have used Microsoft Azure IoT Suite, do let us know your thoughts. And, if you need more detailed insight, drop a comment in the comment section and we will cover that in our next article.