Introduction to IoT Companies

Internet of things (IoT) has evolved to be the topmost growth driver for business and is highly impacting homes, organizations, and environments across the globe. Internet of Vehicles and smart home technology is already in production and a huge hit. Many companies around the globe are opting for IoT solutions to boost the productivity and efficiency of the company. As a matter of fact, many companies around the globe have already opted for IoT solutions for their business. For example, the banking sector has already invested in IoT solutions to provide rapid service to the customer with the help of kiosks. The health care industry has been incorporating IoT solutions in wearable devices to accumulate patient data.

IoT Techniques for Companies

With the help of various IoT techniques used in companies, many companies are evolving their technological reach. This means companies are able to optimize their business and increase the profit margin. There are many ways for companies to incorporate IoT into the business model.

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Let’s look at a few of the major reasons why companies are getting attracted towards IoT solutions:

1. Data Accumulation

With the help of IoT integrated into the device’s companies are able to gather a large number of data regarding internal and external customers. This data gives insight into different customer behaviour and helps the organizations to provide a better customer experience. IoT devices use innovative techniques to track customer purchasing behaviour, and thus companies can promote, cross-sell and thus generate more revenue.

2. Efficiency and Management

IoT devices give complete control over all the ongoing aspects of a business. With the help of IoT, multiple areas of the business can be analyzed and managed. Areas that are not profitable can be optimized and improved. Further, IoT improves the efficiency of a task hence reducing the time spent and increasing productivity.

3. Tracking and Maintenance of Office Equipment

Multiple office equipment such as a printer can be monitored with the IoT embedded in the device. IoT can detect when paper and ink need to be refilled and order them without human intervention in printers. IoT can be embedded in bulbs to make them smarter, hence replacing motion sensors. Lights can be controlled and scheduled when to go on and off; further brightness can be adjusted and monitored according to the time of the day. IoT can be implemented in the coffee machines to make sure the machine is stocked up all the time; this will indirectly increase productivity in the employees. Though implementing IoT solutions initially can be expensive, but it has proved to be an investment in the long run.

4. Smart Office Assistance

Technology such as Amazon’s Alexa for business can be integrated into an organization for tech connectivity. An employee can send an Email without typing and just by telling Alexa to do it; everything from scheduling a transport shuttle to tracking a meeting is all possible with the help of IoT solutions. The cleaning staff is an essential service required by every organization; IoT embedded vacuum can help save money and maintain office cleanliness without any issues. With the IoT technology, the vacuums will indicate when it requires to be emptied and serviced.

Examples of IoT Companies

Let us see real-time examples of the companies that have been experimenting with the IoT ecosystem:

1. Alibaba

Alibaba is one biggest E-commerce companies in the market today. This Chinese company has been utilizing IoT to accelerate growth in IoT technology in China. Alibaba officially launched the link IoT platform in the year 2017 to connect billions of devices. Alibaba’s cloud link has launched many cloud-based businesses. Alibaba’s cloud link has helped numerous businesses across China and the world to incorporate IoT into their ecosystem. A large number of solutions are offered with multiple configuration options. Consumers can configure their hardware and software with ease and not worrying about the cost as they come at very cost-effective prices.

2. DHL

DHL is a Germany based logistics company that has been experimenting with IoT since 2017. With the help of Chinese company Huawei, DHL launched a handbarrow IoT application that allows data transmission over IoT devices at a much lower price. This technology came into existence in order to manage inbound and outbound logistics operations. With the implementation of IoT in logistic services, DHL has successfully monitored the services and activities in real-time.

3. Hitachi

Hitachi is well known for its smart televisions and has launched a new entity called Vantara, which triggered the release of an IoT platform called Lumada for the purpose of turning data into useful resources. With the help of Lumada, an organization can manage and maintain the IoT life cycle of an organization. Lumada video insight is capable of collecting, storing and analyzing video data. An organization can get useful insights and analysis out of data with the help of Lumada tools to maximize efficiency and security.

4. Tesla

Tesla is an American automobile company that has invested heavily in IoT. The company’s main motive was to make the car more sustainable and environment-friendly. Every car sold by Tesla has the automation feature, which can add new and latest features to the car with the help of updates rolled out by the company; every Tesla car has the potential to become self-drivable. Tesla has been installing many sensors on the road to collect data, which will help their automobiles be aware of their surroundings. With these features’ automobiles are not a fixed commodity but a constantly changing and customizable commodity that can be upgraded with the help of a paid software update. The idea of interconnected cars has been made a reality by Telsa automaker. With advancements in IoT, traditional devices will no longer be fixed commodities but will be able to upgrade themselves and behave smartly.

Conclusion

In this article, we have seen multiple applications of IoT in the company and discussed various companies that have already embedded IoT solutions in their ecosystem to tackle and resolve business needs. All major companies worldwide accept IoT as an essential factor for growth and development and are willing to experiment with the technology in the long term.

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