The Internet of Things (IoT) is a system that connects devices into a computer network and allows them to collect, analyze, process and transmit data to other objects through software, applications or technical devices.
IoT allows companies to automate processes and reduce labor costs. This reduces the amount of waste, improves the quality of services provided, and reduces the cost of the production process and logistics.
Let’s consider how exactly the Internet of Things is and what specific advantages it can provide for the development of entrepreneurship and business.
Energy efficiency management
Thanks to IoT solutions, you can install sensors and data collection devices and monitor the energy consumption of the enterprise. This allows you to identify energy consumers, identify excess costs and make optimization decisions. Thanks to “smart” lighting and motion sensors, lights and electrical appliances are automatically turned off in rooms where there are no employees for a while. This allows you to save electricity costs.
Production and industry
In production, the Internet of Things is capable of automating lines, monitoring the operation of nodes, evaluating the quality of finished products, etc. In addition, the use of IoT allows you to track the balance of goods in warehouses and effectively manage supply: sensors will notify you in time when it is necessary to replenish stocks.
Logistics
Data from IoT can be used to optimize routes, reduce fuel costs and increase delivery speed. Built-in sensors in vehicles allow you to monitor their location, speed, equipment condition and fuel consumption in real time. This helps to increase the efficiency of transportation.
Business security
IoT sensors can detect potential threats and automatically notify about them to improve the safety of assets and employees. In addition, the devices are able to control access to premises and remotely control these systems. The tool will come in handy for protecting offices, supermarket halls and large industrial facilities.
The main problem with the development of IoT is security. Cybercriminals are constantly trying to hack remote monitoring devices for patients, databases with information about people’s health, intelligent car control systems, carry out phishing attacks, load viruses onto hacked devices, and even commit entire sabotages in production facilities. Therefore, IoT market participants need to learn how to protect their systems.
