Updated August 10, 2023
Introduction to IoT Companies
The 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. 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 healthcare industry has incorporated IoT solutions in wearable devices to accumulate patient data.
IoT Techniques for Companies
With the help of various IoT techniques, many companies are evolving their technological reach. This means companies can optimize their business and increase their profit margin. There are many ways for companies to incorporate IoT into their business model.
Let’s look at a few of the major reasons why companies are getting attracted to IoT solutions:
1. Data Accumulation
With the help of IoT integrated into the device, companies can gather many data regarding internal and external customers. This data gives insight into different customer behavior and helps organizations to provide a better customer experience. IoT devices use innovative techniques to track customer purchasing behavior, 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. IoT enables the analysis and management of multiple business areas, facilitating the optimization and improvement of non-profitable sectors. Further, IoT improves the efficiency of a task hence reducing the time spent and increasing productivity.
3. Tracking and Maintenance of Office Equipment
The IoT embedded in office equipment, such as printers, monitors and tracks performance and usage. 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, 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 ensure the machine is stocked up all the time; this will indirectly increase employee productivity. Though implementing IoT solutions initially can be expensive, it has proved to be an investment in the long run.
4. Smart Office Assistance
An organization can achieve seamless tech connectivity by integrating technology like Amazon’s Alexa for business. 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:
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 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 easily configure their hardware and software and not worry about the cost as they come at very cost-effective prices.
DHL is a Germany-based logistics company 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 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.
Hitachi, renowned for its smart televisions, introduced a new division named Vantara, which led to the unveiling of Lumada, an IoT platform designed to transform data into valuable resources. With the help of Lumada, an organization can manage and maintain the IoT life cycle of an organization. Lumada video insight can collect, store, and analyze video data. An organization can get valuable insights and analysis out of data with the help of Lumada tools to maximize efficiency and security.
Tesla is an American automobile company that has invested heavily in IoT. The company mainly aimed 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. Telsa Automaker has made the idea of interconnected cars a reality. Advancements in IoT will transform traditional devices from fixed commodities into self-upgradable entities capable of smart behavior.
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 significant companies worldwide accept IoT as an essential factor for growth and development and are willing to experiment with the technology long-term.
This is a guide to IoT Companies. Here we discuss major reasons why companies are getting attracted towards IoT solutions with top companies. You can also go through our other related articles to learn more –