Whether we like it or not, Internet of Things (IoT) is going mainstream in the world of business. A survey done by Gartner, Inc., projects that the number of interconnected devices will jump to 6.4 billion by the end of 2018. The survey also indicated that the number of the interconnected devices might double by 2020 to 13.5 billion. Courtesy of Internet of Things, we are likely to see a significant revolution in how we lead our everyday life over the next couple of years. The Internet of Things is likely to change the business landscape forever. For those that are not familiar with the Internet of Things concept, it is a general term that is used for devices that are based and connected to the internet. These devices may include some of the most basic gadgets such as your smartphone and are connected to a single network that is remotely accessible. For instance, you can use your tablet or smartphone to control such devices as refrigerators, thermostats and even your smart TV. In this article, we are going to discuss how the business world will change courtesy of Internet of Things.
The knowledge of where everything is
Today, most small companies and big corporations rely on the barcode tracking technology for the management of their inventory. However, inventory tracking and management may become so intuitive and natural that you will not even have to think about it. This can be realized by connecting all your products, devices and equipment into a single network which is essential in the realization of a real time enterprise. You will have numbers that update automatically and instantly at all times. You will also be able to tap into those metrics at any given time and at your own convenience.
Tracking larger amounts … Read More ...