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As a business leader you might be considering how the modern interconnected devices can enhance your business. For example:
All of these operations can be done with the help of the Internet of Things. IoT is expected to play an increasingly important role in business in the coming years. The market share of edge solutions among IoT solutions will peak in 2025 at 65%, up from 10% in 2022. The new technology solutions in which companies have invested the most in the last 12 months include:
These trends indicate that businesses expect to gain greater visibility, improve predictive analytics and monitor the external environment with greater accuracy.
There is a traditional and non-traditional approach to computing and data processing. The traditional approach to computing and data pocessing is to have all computing and data processing performed in a centralised data centre.
The non-traditional one includes Edge Computing and Edge AI. Edge AI is an extension of edge computing that involves the use of artificial intelligence at the edge of the network. It allows more complex data processing tasks, such as analysing video and images, to be performed on devices close to the data sources. Edge computing has a number of benefits for businesses, including:
IoT devices can be vulnerable to hacking, which can lead to data theft or other problems. Use strong authentication and encryption to protect devices and data. Keep devices up to date with the latest security patches. Segment IoT devices from your corporate network.
Implementing IoT solutions can be expensive, especially for large enterprises. Start small and scale up as needed. Consider using cloud-based IoT solutions, for example Amazon Web Services IoT Platform or Microsoft Azure IoT Hub.
IoT solutions can be complex to implement and manage. Such systems can be unstable if not properly handled. You can get help from a qualified IoT solution provider, develop a clear plan for implementing and managing your IoT solution.
Even the most advanced IoT solutions require engaged and knowledgeable users to maximize their potential. Training your staff on how to operate and troubleshoot the system ensures its smooth integration into daily workflows.
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