The world is changing. Not only is it changing, but advancements in technology are increasing the rate of change exponentially. The connection amidst businesses and such advancements are crucial to being successful in this digital age. So when it comes to starting a company, careful consideration must be given to the implementation and integration of daily operations and the Internet of Things.
The Internet of Things is already being applied effectively by the healthcare and insurance industries. For example, insurance companies are developing and using sensors on cars to link driver behavior and risk to that driver’s insurance premium. Healthcare companies are using wearable devices to detect falls, medical conditions, or even alert physicians to specific health risks. Seeing how successful these industries are illuminates opportunities for other businesses to digitize some of their day to day operations. It is predicted that 30 billion mobile phones, computers, tablets and other connected devices will be in use by 2020.
Increased Mobility and Reduced Expenses
Mobile connectivity can cut overhead drastically. Startup companies can offer employees the possibility of clocking in via mobile device without physically being in an office. Businesses can have apps thatmanage payroll or services that distribute payments to vendors automatically every month. The entire premise behind linking the Internet of Things to any business is to make running it easier and to even help get a leg up on the competition.
Take a look at the hotel industry. There once was a time when hotels only had to worry about other hotels within their own vicinity. Now these establishments have to take into account internet reservation sites along with the sudden emergence of alternative hospitality services, like AirBnB. AirBnB is a consumer favorite that specializes in renting rooms, apartments, and even entire houses. The world is becoming a much smaller place the more we integrate and connect with one another digitally. Businesses must factor this in to achieve and maintain any kind of success. Entrepreneurs have to be innovative to set their companies apart from the competition For complete and orignal post see here
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